Mixed-Use
3542 Union Street, Flushing, NY 11354
For Sale
Contact for pricing
The property sits amid residential development and schools in Flushing.
Property Size2,025 SF
Price / SF$14.22
Days on Market37
Property Features for 3542 Union Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Skyview Management LLc
Listed By:
Jiaxing Liao
(718) 886-8899
Source:
Thedecurtisgroup
Added: Oct 3
Changed: Nov 7
Last Checked: Nov 7 at 6:22PM
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 Skyview Management LLc
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Investment Insights
Based on property information with market context.
This mixed-use property in Flushing was built in 1987. Its setting includes nearby residential development and schools.
Key Highlights
- Built in 1987
- Flushing property near residential development and schools
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,062
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,240
$521.2K
Cap Rate 7%
$372,314
$372.3K
Cap Rate 9%
$289,578
$289.6K
Market Conditions
NOI Build-Up for 2,025 SF
Gross rent
$48.6K $24.00/SF
− Vacancy
−$6.9K −$3.41/SF
EGI
$41.7K $20.59/SF
− OpEx
−$15.6K −$7.72/SF
NOI
$26.1K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,240
Cap Rate 7%
$372,314
Cap Rate 9%
$289,578
Alternative Uses
Best Use
Retail
$516.4K
$451.8K – $602.4K
NOI $36,146 @ 7.0% cap · market cap 125.51%
Second Best
Mixed Use
$372.3K
$325.8K – $434.4K
NOI $26,062 @ 7.0% cap · market cap 90.49%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,500 @ 7.0% cap · market cap 362.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,232
Businesses Nearby
342k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 24%
Shops & Services 21%
Hotels & Casinos 13%
Stop & Shop
Groceries
58,603 visits/mo
0.5 miles
H Mart
Groceries
42,194 visits/mo
0.5 miles
H Mart
Groceries
42,072 visits/mo
0.3 miles
Shell
Shops & Services
21,073 visits/mo
0.2 miles
Chase Bank
Shops & Services
19,494 visits/mo
0.4 miles
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
$521,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Flushing, NY
Properties on Market for Mixed-use properties in Flushing
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property sits amid residential development and schools in Flushing.
Where is this mixed-use property located?
The property is located at 3542 Union Street Flushing, NY.
What are key features of this property?
This property features: Built in 1987; Flushing property near residential development and schools
