Mixed-Use Building with
136-79 41st Avenue New York, NY 11355
136-79 41st Avenue, New York, NY, 11355
$2,998,000
For Sale
$2,998,000
Well-maintained mixed-use property with a storefront and finished basement, plus residential units on the second and third floors.
Property Size3,770 SF
Price / SF$795.23
Days on Market90
Property Features for 136-79 41st Avenue
General Information
- Standard status
- Active
- Size
- 3,770 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1984
Listing agency
Jamie Realty Group
(718) 309-2982
Listed by
Xiao Zheng · License #10491212408
(718) 309-2982
Source
Xome
Added: Apr 24 Updated: Jul 21 at 6:28AM Checked: Jul 21 at 6:28AM
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 Jamie Realty Group
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building offers a storefront on the first floor along with a large studio unit located in the back of the first floor that is currently used as a storage room. The property also includes a full finished basement.
The second and third floors each feature 3 bedrooms, 2 full bathrooms, a living/dining room, and a kitchen.
Convenient transportation access is available nearby, with multiple Q and N bus routes listed in the remarks, along with proximity to the Flushing Main St LIRR station and the Flushing-Main St 7 train station.
The second and third floors each feature 3 bedrooms, 2 full bathrooms, a living/dining room, and a kitchen.
Convenient transportation access is available nearby, with multiple Q and N bus routes listed in the remarks, along with proximity to the Flushing Main St LIRR station and the Flushing-Main St 7 train station.
Key Highlights
- Well‑maintained mixed‑use building in the heart of Flushing with a first‑floor storefront and residential units on the 2nd and 3rd floors
- Storefront on the first floor with a large studio unit in the back currently used as storage
- Second and third floors each offer 3 bedrooms, 2 full bathrooms, a living/dining room, and a kitchen
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.2k | $60.00 |
| − Vacancy | −$33.9k | −$9.00 |
| EGI | $192.3k | $51.00 |
| − OpEx | −$72.1k | −$19.13 |
| NOI | $120.2k | $31.88 |
3,770 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$7.58M
$6.63M – $8.84M
NOI $530,531 @ 7.0% cap · market cap 17.70%
Second Best
Mixed Use
$1.72M
$1.50M – $2.00M
NOI $120,169 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$9.38M
$8.21M – $10.95M
NOI $656,885 @ 7.0% cap · market cap 21.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Well-maintained mixed-use property with a storefront and finished basement, plus residential units on the second and third floors.
Where is this mixed-use property located?
The property is located at 136-79 41st Avenue New York, NY.
What is the asking price?
The asking price for this property is $2,998,000.
What are key features of this property?
This property features: Well‑maintained mixed‑use building in the heart of Flushing with a first‑floor storefront and residential units on the 2nd and 3rd floors; Storefront on the first floor with a large studio unit in the back currently used as storage; Second and third floors each offer 3 bedrooms, 2 full bathrooms, a living/dining room, and a kitchen
