150-15 41st Avenue, Flushing, NY 11354
Well-maintained office building with dedicated parking garage and storage, zoned R5 for flexible commercial planning in Flushing.
- Added:
- Dec 1, 2025
- Days on Market:
- 214
- Last Refresh:
- Jun 27 at 2:13 am
Property Features for 150-15 41st Avenue
General Information
- Standard status
- Active
- Size
- 18,100 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2008
Listing office New Group Realty Inc
Listing date Dec 1, 2025
Source Resortrealtycatskills
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 New Group Realty Inc
HighLights
- Well‑maintained 2008‑built commercial building at 150‑15 41st Ave, Flushing
- 18,100 sq ft of usable space on a 50×142 lot with a 41×115 building footprint
- Includes a 4,700 sq ft parking garage and 800 sq ft of storage
- Zoned R5
- Strong annual income of $550,000 with annual taxes of $87,000
Overview
The property is located at 150-15 41st Avenue in Flushing, New York. It is described as being in the heart of Flushing, and it is governed by R5 zoning. Based on the provided information, the building is currently generating annual income of $550,000, with annual taxes of $87,000.
For prospective buyers or operators, this configuration supports a range of office-oriented uses while maintaining dedicated parking and supplemental storage. The combination of a defined building footprint, garage parking, and included storage can be practical for tenants seeking an office setup with on-site facilities, and for investors evaluating an income-producing asset under the stated zoning and expense figures.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $912.2k | $50.40 |
| − Vacancy | −$117.7k | −$6.50 |
| EGI | $794.6k | $43.90 |
| − OpEx | −$198.6k | −$10.97 |
| NOI | $595.9k | $32.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.906102
- Latitude
- 40.744287
