Flushing Commercial Building with
150-15 41st Ave Queens, NY 11354
For Sale
$8,250,000
Prime commercial building with parking garage in Flushing, Queens.
Property Size18,100 SF
Lot Size0.16 Acres
Price / SF$455.80
Days on Market98
Property Features for 150-15 41st Ave
General Information
Standard status
Active
Size
18,100 SF
Lot size
0.16 Acres
Property subtype
Commercial
Building Details
Year Built
2008
Listing Agency:
Best Group Realty, Inc.
(718) 909-9596
Listed By:
Yinzhu Jin
(718) 909-9596
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 2:05PM
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 Best Group Realty, Inc.
Investment Insights
Based on property information with market context.
Located in Flushing, this commercial building at 150-15 41st Ave offers 18,100 sq ft of usable space. The property is situated on a 50x142 lot and features a 41x115 building footprint. The property includes a 4,700 sq ft parking garage and 800 sq ft of storage. Zoned R5, the building generates an annual income of $550,000, with annual taxes of $87,000. The location has a walk score of 86, indicating it is very walkable, a bike score of 58, indicating it is bikeable, and a transit score of 67, indicating good transit.
Key Highlights
- Prime location in the heart of Flushing.
- High annual income of $550,000.
- Sizeable 18,100 sq ft of usable space.
Financial Insights For Retail
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 | $543.0k | $30.00 |
| − Vacancy | −$81.5k | −$4.50 |
| EGI | $461.6k | $25.50 |
| − OpEx | −$138.5k | −$7.65 |
| NOI | $323.1k | $17.85 |
18,100 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.62M
$4.04M – $5.38M
NOI $323,085 @ 7.0% cap · market cap 3.92%
Second Best
Industrial
$1.63M
$1.42M – $1.90M
NOI $113,866 @ 7.0% cap · market cap 1.38%
Theoretical Best
Office A
$13.34M
$11.68M – $15.57M
NOI $934,047 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Carefree Lifestyle — 30-15 thomson ave, long island city, ny 11101
- American Lease & Management — 30-15 Thomson Ave, Queens, NY 11101
- Argyles — 10-12 46th Rd, Long Island City, NY 11101
- Gotham Hand Car Wash — 30-2 Skillman Ave, Queens, NY 11101
- Carefree Lifestyle - Exotic Car Rentals — 30-15 Thomson Ave, Queens, NY 11101
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Prime commercial building with parking garage in Flushing, Queens.
Where is this parking lot & garage located?
The property is located at 150-15 41st Ave Queens, NY.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Prime location in the heart of Flushing.; High annual income of $550,000.; Sizeable 18,100 sq ft of usable space.
