Rented Office
For Sale
Contact for pricing
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.
Property Size750 SF
Price / SF$452
Days on Market56
Property Features for 13870 Elder Avenue Avenue 1st floor unit
General Information
Standard status
Active
Size
750 SF
Property subtype
Office
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Year Built
1963
Listing Agency:
Forward NY Real Estate Corp
Listed By:
Faye Young
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 4 at 3:34AM
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
Investment Insights
Based on property information with market context.
This sale features a first-floor office unit that is currently rented and occupied by a tenant. The unit is approximately 750 square feet and is being offered as part of an existing tenancy, with the buyer needing to take the tenant.
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.
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.
Key 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
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 |
750 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$352.8K
$308.7K – $411.6K
NOI $24,693 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,704 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,813
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Tenanted first-floor office unit offers a turnkey purchase that requires the buyer to assume the existing tenant.
Where is this office units located?
The property is located at 13870 Elder Avenue Avenue 1st floor unit Flushing, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Tenanted first‑floor office unit with approximately 750 sq ft; Currently rented out; buyer must take over the existing tenant; Building year built: 1963
