146-53 Delaware Avenue, Flushing, NY 11355

Building Details

Year Built 1901 More

Listing Agency: Keller Williams Rlty Landmark k***@kw.com Show Phone

Listed By: Ross A. Keit CBR SRES SFR GREEN CR · License NY #10491213913 Show Phone

Source: Neilcharlesrealestate

Added: Oct 14 Changed: Nov 9 Last Checked: Nov 8 at 4:04PM

Report an Issue

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 Keller Williams Rlty Landmark

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

A professional medical office suite is arranged with a waiting room, reception area, private office, two exam rooms, a dedicated X-ray room, and a full bathroom. The building dates to 1901.

The property is in Flushing near Kissena Boulevard and 46th Avenue. Two parking spaces are included.

Key Highlights

• Medical office layout includes two exam rooms and a dedicated X‑ray room
• Waiting room, reception area, private office, and full bathroom
• Two parking spaces included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,005

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,180,100 $1.2M

Cap Rate 7%

$842,929 $842.9K

Cap Rate 9%

$655,611 $655.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,559 SF

Gross rent

$107.5K $42.00/SF

− Vacancy

−$9.1K −$3.57/SF

EGI

$98.3K $38.43/SF

− OpEx

−$39.3K −$15.37/SF

NOI

$59.0K $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%

$1,180,100

Cap Rate 7%

$842,929

Cap Rate 9%

$655,611

Alternative Uses

Best Use

Office B

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,252 @ 7.0% cap

Second Best

Healthcare Medical

$842.9K

$737.6K – $983.4K (±1% cap)

NOI $59,005 @ 7.0% cap

Theoretical Best

Office A

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,057 @ 7.0% cap

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

Michael J. Katz ... Physician

Suggested Use

Top Pick Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Storage Facility Restaurant

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

5,580

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

Average Price Trend$/SF for Medical Office Space in Flushing, NY

$852 Jul

$820 Aug

$953 Sep

$878 Oct

Properties on Market for Medical Office Space in Flushing

Jul

Aug

Sep

Oct

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

Similar For Sale Nearby

See more

Third-Floor Office Unit

Flushing, NY 11354

Contact for pricing

4,469 SF

View details

Medical Office Suites

132-49 41st Road, Flushing, NY 11355

$429,000

View details

Three-Story Office Building

Flushing, NY 11354

Contact for pricing

5,000 SF

View details

Mixed-Use Community Facility Unit

38-20 Parsons Boulevard Unit: CF19, Flushing, NY 11354

$1,799,700

View details

Leased Office Condominium

38-08 Union Street #2E, Flushing, NY 11354

$2,660,000

2,392 SF

View details

Office Unit with Two Entrances

Flushing, NY 11355

Contact for pricing

1,000 SF

View details

Renovated Office Units

Flushing, NY 11358

Contact for pricing

5,100 SF

View details

Open-Plan Medical Office Space

132-03 Sanford Avenue 1a, Flushing, NY 11355

$2,290,000

2,231 SF

View details

Mixed-Use Property with Tax Abatement

134-11 Franklin Avenue #CF2, Flushing, NY 11355

$2,720,000

2,990 SF

View details

Office Units with Tax Abatement

31-35 137TH Street Unit: CF1-1, Flushing, NY 11355

$1,333,800

View details

Office Condo with Finished Lower Level

144-38 35th Avenue, Flushing, NY 11354

$1,350,000

1,935 SF

View details

Corner Office Unit with Glass Walls

3907 Prince Street Unit: 4B, Flushing, NY 11354

$1,600,000

1,843 SF

View details

Similar Off Market Nearby

• Pet care Animal Clinic — 43-73 156th St, Queens, NY 11355
• Flushing Veterinary Hospital — 4024 Murray St, Flushing, NY 11354
• Kim Patrick PC — 14905 Northern Blvd, Flushing, NY 11354
• Flushing Animal Health — 14936 Northern Blvd, Flushing, NY 11354

Frequently Asked Questions

What type of property is this?

Medical Office Space - The suite has a reception area, waiting room, exam rooms, and dedicated imaging space.

Where is this medical office space located?

The property is located at 146-53 Delaware Avenue Flushing, NY.

What are key features of this property?

This property features: Medical office layout includes two exam rooms and a dedicated X‑ray room; Waiting room, reception area, private office, and full bathroom; Two parking spaces included