Flushing Mixed-Use Restaurant
14920 41st Avenue, Flushing, NY 11355
Four-unit mixed-use building with restaurant in Murray Hill, Flushing.
Type:Mixed Use
Property size:
5,200 SFPrice / SF:
$459/SF- Added:
- May 21, 2026
- Days on Market:
- 8
- Last Refresh:
- May 27 at 8:20 am
Property Features for 14920 41st Avenue
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agent Matthew Shane License #NY 10311207810
Listing office All Island Estates Realty Corporation
Listing date May 21, 2026
Source Crexi
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 All Island Estates Realty Corporation
HighLights
- High Net Operating Income (NOI) of $137,430.27 annually.
- Free market, mixed‑use building with restaurant and apartments, offering diverse income streams.
- Favorable R5/C1‑2 zoning, suitable for development or business use.
- Prime location in the heart of Murray Hill, Flushing, with high visibility and excellent signage.
- Strong tenant in place with long‑term lease (Korean BBQ until 1/31/34) and annual income increases.
- Multiple apartments generating income, with additional rebates contributing to overall profitability.
Overview
This mixed-use building in Flushing features a restaurant and residential units. The free market building contains four units and over 5,200 square feet of space. It is located in the heart of Murray Hill, just three blocks from Northern Boulevard and minutes from I-678 (Whitestone Expressway). The property benefits from excellent signage and exposure, and is zoned R5/C1-2. Interior features include high 9-foot ceilings, sprinklers, 200 amp power, all new LED lighting, and central air conditioning. The building includes two one-bedroom apartments, one two-bedroom apartment, and a basement. Nearby neighbors include Chase Bank, TD Bank, Citizens Bank, Bank of America, UPS, Verizon, T-Mobile, CubeSmart Self Storage, AutoZone, Dunkin', 7-Eleven, YMCA, Enterprise-Rent-A-Car, Mobil, Duane Reade, Baskin-Robbins, Domino’s Pizza, Subway, IHOP, and KFC. The restaurant generates an annual income of $72,565.56 with 3% annual increases and a lease expiring on January 31, 2034. The tenant pays half of the property tax. The front and rear one-bedroom apartments on the second floor generate $16,800 and $20,400 annually, respectively. The third-floor two-bedroom apartment generates $45,600 annually. There is also a 50% tax rebate from the store of $12,000 annually and a 70% water rebate from the store of $5,400 annually. Hallway electricity costs $890 annually, maintenance and repairs cost $250 annually, water and sewer cost $7,714.29 annually, insurance costs $2,839 annually, and taxes cost $23,642 annually. The net operating income is $137,430.27 annually.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.815057
- Latitude
- 40.762013
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Four-unit mixed-use building with restaurant in Murray Hill, Flushing.
Where is this mixed-use property located?
The property is located at 14920 41st Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $2,388,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $137,430.27 annually.; Free market, mixed‑use building with restaurant and apartments, offering diverse income streams.; Favorable R5/C1‑2 zoning, suitable for development or business use.
