Six-Storefront Retail
For Sale
$38,000,000
36-63 Main Street, New York, NY 11354
Six commercial storefronts assembled along Main Street in Downtown Flushing, near rail, subway, bus service, retailers, and professional offices.
Property Size22,719 SF
Price / SF$1,672
Days on Market13
Property Features for 36-63 Main Street
General Information
Standard status
Active
Size
22,719 SF
Property subtype
Retail
Additional Details
Gross Income
$2,450,000
Listing Agency:
E Realty International Corp
(718) 216-1688
Listed By:
Xiuzhu Zhang
(718) 216-1688
Source:
Xome
Added: Jul 24
Changed: Aug 2
Last Checked: Aug 5 at 4:19AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This portfolio comprises six commercial storefronts totaling 22,719 square feet at 36-63 Main Street in Downtown Flushing. The properties are positioned along the Main Street retail corridor and are surrounded by a mix of national retailers, shopping destinations, medical and professional offices, restaurants, and residential density.
Transportation access includes the Flushing–Main Street 7 subway terminus, the LIRR station, and multiple bus lines. The immediate commercial setting combines retail, services, dining, and nearby housing within an established New York City shopping district. Any expansion, redevelopment, or change of use remains subject to zoning requirements and applicable governmental approvals.
Transportation access includes the Flushing–Main Street 7 subway terminus, the LIRR station, and multiple bus lines. The immediate commercial setting combines retail, services, dining, and nearby housing within an established New York City shopping district. Any expansion, redevelopment, or change of use remains subject to zoning requirements and applicable governmental approvals.
Key Highlights
- Six commercial storefronts offered as one portfolio
- 22,719 square feet across the portfolio
- Located at 36‑63 Main Street, New York, NY 11354
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 | $5.35M | $235.68 |
| − Vacancy | −$787.1k | −$34.64 |
| EGI | $4.57M | $201.04 |
| − OpEx | −$1.37M | −$60.31 |
| NOI | $3.20M | $140.72 |
22,719 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$45.67M
$39.96M – $53.29M
NOI $3,197,121 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$56.55M
$49.48M – $65.98M
NOI $3,958,559 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,168
Businesses Nearby
291k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Shops & Services 26%
Dining 24%
Hotels & Casinos 15%
Stop & Shop
Groceries
58,603 visits/mo
0.5 miles
H Mart
Groceries
42,072 visits/mo
0.3 miles
Shell
Shops & Services
21,073 visits/mo
0.4 miles
Chase Bank
Shops & Services
19,494 visits/mo
0.1 miles
Mobil
Shops & Services
15,325 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Six commercial storefronts assembled along Main Street in Downtown Flushing, near rail, subway, bus service, retailers, and professional offices.
Where is this storefront property located?
The property is located at 36-63 Main Street New York, NY.
What is the asking price?
The asking price for this property is $38,000,000.
What are key features of this property?
This property features: Six commercial storefronts offered as one portfolio; 22,719 square feet across the portfolio; Located at 36‑63 Main Street, New York, NY 11354
