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    Rented Office Unit Title is generated by Realmo AI

    13870 Elder Avenue, Flushing, NY 11355

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    Claim this Listing
    New
    For Sale
    $339,000

    SINGLE_FAMILY - Flushing, NY

    Type:Office
    Property size:
    750 SF
    Lot size:
    0.79 Acres
    Price / SF:
    $452/SF
    Added:
    Jun 9, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 9 at 10:06 pm

    Property Features for 13870 Elder Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    R7-1
    Rooms
    Basement
    Basement
    Finished
    Standard status
    Active
    APN
    05145-0055
    Lot size
    0.79 Acres

    Taxes and HOA fees

    Tax Year
    2027

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1963

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    Listing Contact
    Faye Young

    Listing agent Faye Young

    Listing office Forward NY Real Estate Corp 3707 Main St Ste 313, Flushing, NY

    Listing date Jun 9, 2026

    MLS# 1011343

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • About 750 sq ft unit that is currently rented; buyer must take the tenant
    • Heating: natural gas
    • Cooling: electric
    • Year built: 1963
    • Water source: public
    • Sewer: public sewer

    Overview

    This property is offered for sale as a rented office unit, and the current unit size is approximately 750 square feet. The sale is structured such that the buyer needs to take the existing tenant in place.

    The property is located at 13870 Elder Avenue in Flushing, Queens, New York 11355. The parcel is listed at approximately 0.7897 acres, and the property is identified with zoning R7-1.

    For buyers evaluating owner-occupied or investment use, this offering is most straightforward for a party prepared to acquire the property with the current tenant already in possession. Because the unit is currently rented and the buyer must take the tenant, prospective purchasers should plan for continuity of occupancy following closing. The specific square footage provided applies to the unit, and the zoning designation and lot size may be relevant to a buyer’s review of permitted use and operating considerations under R7-1.

    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
    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 (±1% cap)
    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 (±1% cap)
    NOI $38,704 @ 7.0% cap · market cap 11.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campion Nicholas J ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.821921
    Latitude
    40.752584

    FAQs

    What type of property is this?
    Office units - Tenanted office unit offered for sale, requiring buyer assumption of the existing tenant.
    Where is this office units located?
    The property is located at 13870 Elder Avenue 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: About 750 sq ft unit that is currently rented; buyer must take the tenant; Heating: natural gas; Cooling: electric
    More about this property
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