Ground-Floor Retail Space with
For Sale
Contact for pricing
149-16 41st Avenue #1FL, New York, NY 11355
A basement and backyard complement the street-level commercial space.
Property Size1,080 SF
Price / SF$7.22
Days on Market35
Property Features for 149-16 41st Avenue #1FL
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Retail
Site & Location
Neighborhood
Flushing
Building Details
Year Built
1925
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Meiyu Li · License #10401210434
(718) 666-5751
Source:
Neilcharlesrealestate
Added: Sep 26
Changed: Oct 30
Last Checked: Oct 30 at 1:59AM
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
$151,982
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,039,640
$3.0M
Cap Rate 7%
$2,171,171
$2.2M
Cap Rate 9%
$1,688,689
$1.7M
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$254.5K $235.68/SF
− Vacancy
−$37.4K −$34.64/SF
EGI
$217.1K $201.04/SF
− OpEx
−$65.1K −$60.31/SF
NOI
$152.0K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,039,640
Cap Rate 7%
$2,171,171
Cap Rate 9%
$1,688,689
Alternative Uses
Best Use
Retail
$2.17M
$1.90M – $2.53M
NOI $151,982 @ 7.0% cap · market cap 1,948.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.69M
$2.35M – $3.14M
NOI $188,179 @ 7.0% cap · market cap 2,412.55%
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
3,710
Businesses Nearby
122k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 32%
Groceries 23%
Electronics 4%
H Mart
Groceries
28,749 visits/mo
0.3 miles
Paris Baguette
Dining
18,182 visits/mo
0.3 miles
AutoZone
Shops & Services
15,287 visits/mo
0.3 miles
IHOP
Dining
13,109 visits/mo
0.3 miles
KFC
Dining
10,672 visits/mo
0.2 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
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 New York, 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
