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 Market71
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) 886-8110
Listed By:
Xiuzhu Zhang
(718) 216-1688
Source:
Xome
Added: Jun 26
Changed: Sep 1
Last Checked: Sep 4 at 2:37AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$3,197,121
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$63,942,420
$63.9M
Cap Rate 7%
$45,673,157
$45.7M
Cap Rate 9%
$35,523,567
$35.5M
Market Conditions
NOI Build-Up for 22,719 SF
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.
Gross rent
$5.35M $235.68/SF
− Vacancy
−$787.1K −$34.64/SF
EGI
$4.57M $201.04/SF
− OpEx
−$1.37M −$60.31/SF
NOI
$3.20M $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$63,942,420
Cap Rate 7%
$45,673,157
Cap Rate 9%
$35,523,567
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
312
Businesses Nearby
Under-served
Demand for This Use
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
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
