Building Details

Year built 2007

Building materials Brick

Listing Agency: E Realty International Corp s***@hotmail.com Show Phone

Listed By: Fenger Zou · License #10401313262 Show Phone

Added: Jan 16 Changed: Oct 5 Last Checked: Oct 31 at 3:06AM

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MLS# 952581

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.

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Investment Insights

Based on property information with market context.

This flex-space property was constructed in 2007 with brick exterior materials, baseboard heating, and ductless cooling. Public water and public sewer serve the building. The space is described for a range of potential commercial applications, including a church, medical clinic, rehabilitation center, educational or tutoring facility, dance studio, creative studio, office, showroom, storage operation, or e-commerce use.

The property is located at 146-27 Beech Avenue in Flushing, Queens County. Supermarkets and Main St, including access to the 7 train, are within walking distance. The zoning designation is R3X.

Key Highlights

• 7,100 SF commercial property in Flushing
• Brick construction completed in 2007
• R3X zoning designation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$163,712

Cap Rate

9.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,274,240 $3.3M

Cap Rate 7%

$2,338,743 $2.3M

Cap Rate 9%

$1,819,022 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,100 SF

Gross rent

$298.2K $42.00/SF

− Vacancy

−$25.3K −$3.57/SF

EGI

$272.9K $38.43/SF

− OpEx

−$109.1K −$15.37/SF

NOI

$163.7K $23.06/SF

Area

Queens County, NY

Vacancy

8.50%

Lease Rate

$42.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,274,240

Cap Rate 7%

$2,338,743

Cap Rate 9%

$1,819,022

Alternative Uses

Best Use

Office B

$3.34M

$2.92M – $3.90M (±1% cap)

NOI $233,759 @ 7.0% cap · market cap 13.06%

Second Best

Healthcare Medical

$2.34M

$2.05M – $2.73M (±1% cap)

NOI $163,712 @ 7.0% cap · market cap 9.15%

Theoretical Best

Office A

$5.23M

$4.58M – $6.11M (±1% cap)

NOI $366,394 @ 7.0% cap · market cap 20.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

HONEY 少儿舞蹈学校 High School

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Catering Service Restaurant Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10,523

Businesses Nearby

Under-served

Demand for This Use

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Built in 2007 with baseboard heat, ductless cooling, and public water and sewer service.

Where is this flex space located?

The property is located at 146-27 Beech Avenue Flushing, NY.

What is the asking price?

The asking price for this property is $1,790,000.

What are key features of this property?

This property features: 7,100 SF commercial property in Flushing; Brick construction completed in 2007; R3X zoning designation