Mixed-Use Retail and Residential
136-79 41st Avenue Flushing, NY 11355
New
136-79 41st Avenue, Flushing, NY, 11355
$2,998,000
For Sale
$2,998,000
Well-maintained mixed-use building with a first-floor storefront and studio storage space, plus three-bedroom units on floors two and three.
Property Size3,770 SF
Price / SF$795.23
Days on Market3
Property Features for 136-79 41st Avenue
General Information
- Standard status
- Active
- Size
- 3,770 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing agency
Jamie Realty Group
(516) 992-2888
Listed by
Xiao Zheng ([email protected])
Source
Iaquintarealestate
Added: Jul 20 Updated: Jul 21 at 9:47AM Checked: Jul 21 at 9:47AM
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 property offers a first-floor storefront with a studio unit located at the back of the first floor, currently used as a storage room. The building also includes fully finished basement space. Floors two and three each feature three bedrooms, two full bathrooms, a living/dining room, and a kitchen.
The property is described as conveniently located in the heart of Flushing, close to a diverse mix of shops, restaurants, parks, and schools. Public transit access is noted with multiple bus lines nearby, including Q12, Q20, Q25, Q26, Q27, Q44SBS, Q65, N20G, and N20X, as well as proximity to the Flushing Main St LIRR station and the Flushing-Main St 7 train station.
As configured, the building provides retail frontage on the first floor alongside residential units above, supporting a combined retail and income approach.
The property is described as conveniently located in the heart of Flushing, close to a diverse mix of shops, restaurants, parks, and schools. Public transit access is noted with multiple bus lines nearby, including Q12, Q20, Q25, Q26, Q27, Q44SBS, Q65, N20G, and N20X, as well as proximity to the Flushing Main St LIRR station and the Flushing-Main St 7 train station.
As configured, the building provides retail frontage on the first floor alongside residential units above, supporting a combined retail and income approach.
Key Highlights
- Mixed‑use building built in 1984 in the heart of Flushing
- First floor features a storefront plus a large studio unit in the back used as storage
- Second and third floors each include 3 bedrooms, 2 full bathrooms, living/dining room, and kitchen
Local Financial Insights For Apartment 5plus
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 | $174.2k | $46.20 |
| − Vacancy | −$6.6k | −$1.76 |
| EGI | $167.6k | $44.44 |
| − OpEx | −$75.4k | −$20.00 |
| NOI | $92.2k | $24.44 |
3,770 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,155 @ 7.0% cap · market cap 3.07%
Second Best
Retail
$961.4K
$841.2K – $1.12M
NOI $67,295 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,550 @ 7.0% cap · market cap 6.49%
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 building with a first-floor storefront and studio storage space, plus three-bedroom units on floors two and three.
Where is this mixed-use property located?
The property is located at 136-79 41st Avenue Flushing, 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: Mixed‑use building built in 1984 in the heart of Flushing; First floor features a storefront plus a large studio unit in the back used as storage; Second and third floors each include 3 bedrooms, 2 full bathrooms, living/dining room, and kitchen
