Ground-Floor Retail Space with
149-16 41st Avenue #1FL, Flushing, NY 11355
For Sale
Contact for pricing
A basement and backyard complement the street-level commercial space.
Property Size1,080 SF
Price / SF$7.22
Days on Market43
Property Features for 149-16 41st Avenue #1FL
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Meiyu Li · License #10401210434
(718) 666-5751
Source:
Neilcharlesrealestate
Added: Sep 26
Changed: Nov 6
Last Checked: Nov 7 at 9:20AM
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 E Realty International Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,080-square-foot retail space occupies the first floor and includes a basement and backyard. The additional areas provide space for storage and other business functions. The building dates to 1925.
The property is in Downtown Flushing, with access to Northern Boulevard and the LIRR Murray Hill Station. Restaurants, bars, salons, delis, coffee shops, and other neighborhood businesses are nearby.
The property is in Downtown Flushing, with access to Northern Boulevard and the LIRR Murray Hill Station. Restaurants, bars, salons, delis, coffee shops, and other neighborhood businesses are nearby.
Key Highlights
- 1,080‑square‑foot first‑floor retail space
- Basement and backyard provide additional usable areas
- Located in Downtown Flushing near Northern Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,278
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,560
$385.6K
Cap Rate 7%
$275,400
$275.4K
Cap Rate 9%
$214,200
$214.2K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$32.4K $30.00/SF
− Vacancy
−$4.9K −$4.50/SF
EGI
$27.5K $25.50/SF
− OpEx
−$8.3K −$7.65/SF
NOI
$19.3K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,560
Cap Rate 7%
$275,400
Cap Rate 9%
$214,200
Alternative Uses
Best Use
Retail
$275.4K
$241.0K – $321.3K
NOI $19,278 @ 7.0% cap · market cap 247.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$796.2K
$696.7K – $928.9K
NOI $55,733 @ 7.0% cap · market cap 714.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,052
Businesses Nearby
199k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 31%
Groceries 12%
Office Supplies 10%
Michaels
Shops & Services
48,052 visits/mo
0.5 miles
Jollibee
Dining
22,496 visits/mo
0.2 miles
Staples
Office Supplies
19,965 visits/mo
0.3 miles
Fresh N Save Marketplace
Groceries
18,264 visits/mo
0.2 miles
KFC
Dining
15,404 visits/mo
0.3 miles
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 Retail space in Flushing, NY
Properties on Market for Retail space in Flushing
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A basement and backyard complement the street-level commercial space.
Where is this retail space located?
The property is located at 149-16 41st Avenue #1FL Flushing, NY.
What are key features of this property?
This property features: 1,080‑square‑foot first‑floor retail space; Basement and backyard provide additional usable areas; Located in Downtown Flushing near Northern Boulevard
