Open-Layout Retail
For Sale
Contact for pricing
136-46 41st Avenue 1E, New York, NY 11355
Flexible commercial unit suited to retail, office, or professional use.
Property Size800 SF
Price / SF$1,025
Days on Market166
Property Features for 136-46 41st Avenue 1E
General Information
Standard status
Active
Size
800 SF
Property subtype
Business for Sale, Special Purpose
Zoning
R7-1
Additional Details
Floor
1
HOA Fee
$247
Public Transit
Yes
Building Details
Year Built
2008
Listing Agency:
Prime Realty
Listed By:
Shirley Chen
(917) 254-0248
Source:
Crexi
Added: May 5
Changed: Oct 3
Last Checked: Oct 16 at 5:52AM
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
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Investment Insights
Based on property information with market context.
This approximately 800-square-foot retail unit offers an open interior that can be arranged for retail, office, or professional operations. The property was built in 2008 and provides a straightforward commercial layout for an owner-user or investor seeking a compact business location.
Located at 136-46 41st Avenue 1E in New York, the unit is near major thoroughfares, public transportation, and established businesses. The surrounding access and commercial setting support convenient connections for customers, employees, and visitors. Zoning is designated R7-1.
Located at 136-46 41st Avenue 1E in New York, the unit is near major thoroughfares, public transportation, and established businesses. The surrounding access and commercial setting support convenient connections for customers, employees, and visitors. Zoning is designated R7-1.
Key Highlights
- Approximately 800 sq ft of retail space
- Open interior layout adaptable to retail, office, or professional use
- R7‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,050
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,000
$501.0K
Cap Rate 7%
$357,857
$357.9K
Cap Rate 9%
$278,333
$278.3K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$41.2K $51.48/SF
− Vacancy
−$7.8K −$9.73/SF
EGI
$33.4K $41.75/SF
− OpEx
−$8.4K −$10.44/SF
NOI
$25.1K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,000
Cap Rate 7%
$357,857
Cap Rate 9%
$278,333
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,580 @ 7.0% cap · market cap 13.73%
Second Best
Office B
$357.9K
$313.1K – $417.5K
NOI $25,050 @ 7.0% cap · market cap 3.05%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,890
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
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial unit suited to retail, office, or professional use.
Where is this retail space located?
The property is located at 136-46 41st Avenue 1E New York, NY.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Approximately 800 sq ft of retail space; Open interior layout adaptable to retail, office, or professional use; R7‑1 zoning
