Renovated Second-Floor Office
For Sale
$2,699,000
14326 41st Ave Unit 2 FL, Flushing, NY 11355
A modern three-unit configuration creates a flexible commercial footprint with central air.
Property Size4,072 SF
Price / SF$662.82
Days on Market443
Property Features for 14326 41st Ave Unit 2 FL
General Information
Standard status
Active
Size
4,072 SF
Property subtype
Office
Additional Details
Floor
2
Public Transit
Yes
Amenities
Central Air
3
Building Details
Year Built
2010
Listing Agency:
Lin Pan Realty Group LLC
(917) 902-3898
Listed By:
Xing Zheng · License #10401395641
(917) 902-3898
Source:
Xome
Added: Jun 14, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:25PM
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 Lin Pan Realty Group LLC
Investment Insights
Based on property information with market context.
This second-floor office property contains 4,072 square feet arranged through the combination of three units. The space was renovated to a like-new standard, providing a clean, updated interior for a range of office-oriented operations. Central air is included, and the layout offers a substantial, adaptable footprint within a single commercial offering.
The property is located at 14326 41st Ave Unit 2 FL, Flushing, NY 11355. Main Street Transportation Hub is two blocks away, while PS 20 School is also nearby. The 2010-built property combines an updated interior with a multi-unit configuration and access to nearby transportation and institutional surroundings.
The property is located at 14326 41st Ave Unit 2 FL, Flushing, NY 11355. Main Street Transportation Hub is two blocks away, while PS 20 School is also nearby. The 2010-built property combines an updated interior with a multi-unit configuration and access to nearby transportation and institutional surroundings.
Key Highlights
- 4,072 square feet of second‑floor office space
- Combined layout of three units
- Renovated to a like‑new standard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$134,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,681,320
$2.7M
Cap Rate 7%
$1,915,229
$1.9M
Cap Rate 9%
$1,489,622
$1.5M
Market Conditions
NOI Build-Up for 4,072 SF
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.
Gross rent
$205.2K $50.40/SF
− Vacancy
−$26.5K −$6.50/SF
EGI
$178.8K $43.90/SF
− OpEx
−$44.7K −$10.97/SF
NOI
$134.1K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,681,320
Cap Rate 7%
$1,915,229
Cap Rate 9%
$1,489,622
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.23M
NOI $134,066 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,135 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,249
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 - A modern three-unit configuration creates a flexible commercial footprint with central air.
Where is this office units located?
The property is located at 14326 41st Ave Unit 2 FL Flushing, NY.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: 4,072 square feet of second‑floor office space; Combined layout of three units; Renovated to a like‑new standard
