Office Building with Parking
For Sale
$8,250,000
150-15 41st Avenue, Flushing, NY 11354
A separate garage and storage area provide additional on-site space alongside the office building.
Property Size18,029 SF
Lot Size0.16 Acres
Price / SF$457.60
Days on Market328
Property Features for 150-15 41st Avenue
General Information
Standard status
Active
Size
18,029 SF
Total Parking Spaces
20
Lot size
0.16 Acres
Property subtype
Commercial
Zoning
R5
Financials
Asking Price
$8,250,000
Gross Income
$550,000
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$89,448
Building Details
Building Size
18,029 SF
Year Built
2008
Buildings
1
Stories
3
Units
4
Abandoned
No
Listing Agency:
New Group Realty Inc
(718) 255-9100
Listed By:
Yinzhu Jin · License #10301215494
(718) 909-9596
Source:
Croninreale
Added: Dec 1, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:59PM
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
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Investment Insights
Based on property information with market context.
Built in 2008, this office property includes a 4,700-square-foot parking garage and 800 square feet of storage. The building footprint measures 41 by 115 feet on a 50-by-142-foot lot, and the property is zoned R5.
Located at 150-15 41st Avenue in Flushing, the property combines office space with dedicated parking and storage improvements.
Located at 150-15 41st Avenue in Flushing, the property combines office space with dedicated parking and storage improvements.
Key Highlights
- 4,700‑square‑foot parking garage
- 800 square feet of storage
- 41‑by‑115‑foot building footprint on a 50‑by‑142‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$593,583
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,871,660
$11.9M
Cap Rate 7%
$8,479,757
$8.5M
Cap Rate 9%
$6,595,367
$6.6M
Market Conditions
NOI Build-Up for 18,029 SF
Gross rent
$908.7K $50.40/SF
− Vacancy
−$117.2K −$6.50/SF
EGI
$791.4K $43.90/SF
− OpEx
−$197.9K −$10.97/SF
NOI
$593.6K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,871,660
Cap Rate 7%
$8,479,757
Cap Rate 9%
$6,595,367
Alternative Uses
Best Use
Office B
$8.48M
$7.42M – $9.89M
NOI $593,583 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.29M
$11.63M – $15.51M
NOI $930,383 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,752
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A separate garage and storage area provide additional on-site space alongside the office building.
Where is this office building located?
The property is located at 150-15 41st Avenue Flushing, 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: 4,700‑square‑foot parking garage; 800 square feet of storage; 41‑by‑115‑foot building footprint on a 50‑by‑142‑foot lot
