13870 Elder Avenue Avenue 1st floor unit, Flushing, NY 11355
Tenanted first-floor office unit offers a turnkey purchase that requires the buyer to assume the existing tenant.
- Added:
- Jun 10, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 3:29 am
Property Features for 13870 Elder Avenue Avenue 1st floor unit
General Information
- Standard status
- Active
- Size
- 750 SF
- Property subtype
- Office
Building Details
- Year Built
- 1963
Listing agent Faye Young
Listing office Forward NY Real Estate Corp
Listing date Jun 10, 2026
Source Crexi
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 Forward NY Real Estate Corp
HighLights
- Tenanted first‑floor office unit with approximately 750 sq ft
- Currently rented out; buyer must take over the existing tenant
- Building year built: 1963
Overview
The property is located at 13870 Elder Avenue in Flushing, NY, and is presented as a commercial office space for buyers seeking an in-place, income-producing arrangement. No additional building amenities, parking details, or other site specifics are provided in the available information.
For prospective buyers, this offering is best suited to those comfortable purchasing an occupied office unit and continuing the current tenant relationship. Because the unit is already leased, the operational starting point is clear: the buyer will need to assume the tenant at closing, rather than repositioning the space for an immediate new lease. Please confirm all terms and tenant requirements with the seller during due diligence.
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 | $37.8k | $50.40 |
| − Vacancy | −$4.9k | −$6.50 |
| EGI | $32.9k | $43.90 |
| − OpEx | −$8.2k | −$10.97 |
| NOI | $24.7k | $32.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.8197
- Latitude
- 40.7505
