Three-Story Office
For Sale
Contact for pricing
40-46 Main Street #202, Flushing, NY 11354
Office space is located in a granite building across from the Flushing Library.
Property Size5,000 SF
Price / SF$0.73
Days on Market34
Property Features for 40-46 Main Street #202
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Stories
3
Construction
granite
Listing Agency:
Flushing Park Realty Co
Listed By:
Zenia Yuan · License #37YU0349314
(718) 461-1778
Source:
Neilcharlesrealestate
Added: Oct 2
Changed: Nov 3
Last Checked: Nov 3 at 8:30AM
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 Flushing Park Realty Co
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office units occupy a three-story granite building at 40-46 Main Street in Flushing. The building is described as being in excellent condition, and the property information gives a size of 5,000 square feet.
The property faces the Flushing Library across the street. A #7 subway station is one block away, and the Long Island Rail Road station is next door.
The property faces the Flushing Library across the street. A #7 subway station is one block away, and the Long Island Rail Road station is next door.
Key Highlights
- 5,000 square feet of office space
- Three‑story granite building
- Across the street from the Flushing Library
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,619
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,292,380
$3.3M
Cap Rate 7%
$2,351,700
$2.4M
Cap Rate 9%
$1,829,100
$1.8M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$252.0K $50.40/SF
− Vacancy
−$32.5K −$6.50/SF
EGI
$219.5K $43.90/SF
− OpEx
−$54.9K −$10.97/SF
NOI
$164.6K $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%
$3,292,380
Cap Rate 7%
$2,351,700
Cap Rate 9%
$1,829,100
Alternative Uses
Best Use
Office B
$2.35M
$2.06M – $2.74M
NOI $164,619 @ 7.0% cap · market cap 4,510.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,024 @ 7.0% cap · market cap 7,069.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,906
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office space is located in a granite building across from the Flushing Library.
Where is this office unit located?
The property is located at 40-46 Main Street #202 Flushing, NY.
What are key features of this property?
This property features: 5,000 square feet of office space; Three‑story granite building; Across the street from the Flushing Library
