Open-Layout Retail
For Sale
$1,400,000
136-46 41st Avenue 1c, Flushing, NY 11355
Well-maintained commercial unit near major thoroughfares and public transportation.
Property Size1,300 SF
Price / SF$1,076
Days on Market18
Property Features for 136-46 41st Avenue 1c
General Information
Standard status
Active
Size
1,300 SF
Additional Details
HOA Fee
$417
Public Transit
Yes
Building Details
Year Built
2008
Listing Agency:
Prime Realty
(917) 254-0248
Listed By:
Shirley Y. Chen
Source:
Wesellhomes
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 25 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Realty
Investment Insights
Based on property information with market context.
This well-maintained retail unit contains approximately 1,300 square feet in an open configuration that can be adapted for retail, office, or professional use. The flexible interior provides a straightforward setting for a range of commercial operations.
Built in 2008, the property is located at 136-46 41st Avenue 1C in Flushing, NY. Major thoroughfares, public transportation, and established businesses are located nearby, adding convenient access for customers, employees, and operators.
Built in 2008, the property is located at 136-46 41st Avenue 1C in Flushing, NY. Major thoroughfares, public transportation, and established businesses are located nearby, adding convenient access for customers, employees, and operators.
Key Highlights
- Approximately 1,300 square feet of retail space
- Open interior layout suitable for customization
- Adaptable for retail, office, or professional use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,801
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$856,020
$856.0K
Cap Rate 7%
$611,443
$611.4K
Cap Rate 9%
$475,567
$475.6K
Market Conditions
NOI Build-Up for 1,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.5K $50.40/SF
− Vacancy
−$8.5K −$6.50/SF
EGI
$57.1K $43.90/SF
− OpEx
−$14.3K −$10.97/SF
NOI
$42.8K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$856,020
Cap Rate 7%
$611,443
Cap Rate 9%
$475,567
Alternative Uses
Best Use
Office B
$611.4K
$535.0K – $713.4K
NOI $42,801 @ 7.0% cap · market cap 3.06%
Second Best
Retail
$331.5K
$290.1K – $386.8K
NOI $23,205 @ 7.0% cap · market cap 1.66%
Theoretical Best
Office A
$958.4K
$838.6K – $1.12M
NOI $67,086 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,752
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained commercial unit near major thoroughfares and public transportation.
Where is this retail space located?
The property is located at 136-46 41st Avenue 1c Flushing, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 1,300 square feet of retail space; Open interior layout suitable for customization; Adaptable for retail, office, or professional use
