Mixed-Use Elevator Building with
13621 41st Avenue New York, NY 11355
13621 41st Avenue, New York, NY, 11355
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For Sale
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Five-story elevator building with restaurant tenants on the first floor and legal basement, plus retail storefronts and office space.
Property Size8,100 SF
Price / SF$1,049
Days on Market75
Property Features for 13621 41st Avenue
General Information
- Standard status
- Active
- Size
- 8,100 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 2001
Listing agency
Daniel Gale Sothebys Intl Rlty
(917) 859-7718
Listed by
Huailing Deng · License #10401224172
Source
Crexi
Added: May 8 Updated: Jul 21 at 12:43AM Checked: Jul 21 at 12:43AM
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 Daniel Gale Sothebys Intl Rlty
Investment Insights
Based on property information with market context.
This five-story commercial elevator building includes a legal basement and offers a mixed-use layout. The first floor and legal basement are anchored by two established restaurants. Additional space includes two retail storefronts and multiple office floors configured as floor-through office suites.
The property is located in Downtown Flushing, just steps from the intersection of Main Street and Kissena Boulevard. It is described as meticulously maintained, with current vacancies available for potential owner-use or continued leasing.
The building’s reported total size is 8,100 square feet on a 29’ x 60’ footprint, with a configuration of five stories plus legal basement. Retail and office areas are described as separate components within the overall structure, supporting flexible occupancy arrangements.
The property is located in Downtown Flushing, just steps from the intersection of Main Street and Kissena Boulevard. It is described as meticulously maintained, with current vacancies available for potential owner-use or continued leasing.
The building’s reported total size is 8,100 square feet on a 29’ x 60’ footprint, with a configuration of five stories plus legal basement. Retail and office areas are described as separate components within the overall structure, supporting flexible occupancy arrangements.
Key Highlights
- 5‑story elevator commercial building built in 2001 with 8,100 SF total size (29’ x 60’ footprint)
- Anchored by two established restaurants occupying the 1st floor and the legal basement
- Includes two 900 SF retail storefronts
Local Financial Insights For Office B
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 | $417.0k | $51.48 |
| − Vacancy | −$78.8k | −$9.73 |
| EGI | $338.2k | $41.75 |
| − OpEx | −$84.5k | −$10.44 |
| NOI | $253.6k | $31.31 |
8,100 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$20.16M
$17.64M – $23.52M
NOI $1,411,344 @ 7.0% cap · market cap 16.60%
Second Best
Retail
$16.28M
$14.25M – $19.00M
NOI $1,139,869 @ 7.0% cap · market cap 13.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Five-story elevator building with restaurant tenants on the first floor and legal basement, plus retail storefronts and office space.
Where is this office building located?
The property is located at 13621 41st Avenue New York, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 5‑story elevator commercial building built in 2001 with 8,100 SF total size (29’ x 60’ footprint); Anchored by two established restaurants occupying the 1st floor and the legal basement; Includes two 900 SF retail storefronts
