Transit-Accessible Retail
For Sale
$17,500,000
4006 Main Street Flushing, Ny, NY 11354
Highly visible retail property available for sale with C4-3 zoning and proximity to multiple transit options.
Property Size6,338 SF
Price / SF$2,761
Days on Market47
Property Features for 4006 Main Street Flushing
General Information
Standard status
Active
Size
6,338 SF
Zoning
C4-3
Taxes and HOA fees
Annual Taxes
$255,860
Amenities
Finished,Full
Yes
Finished, Full
Public
No
6338
Building Details
Building Size
6,338 SF
Year Built
1931
Stories
3
Listing Agency:
RE/MAX TOWN & COUNTRY
(845) 765-6128
Listed By:
Marie Nick · License #NY10491208345
(845) 765-6128
Source:
Town-and-country-fishkill-ny.remax
Added: Jul 9
Changed: Aug 20
Last Checked: Aug 24 at 3:15AM
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 RE/MAX TOWN & COUNTRY
Investment Insights
Based on property information with market context.
44-06 Main Street in Flushing, NY is a highly visible retail property offered for sale, positioned for flexible redevelopment or user occupation under C4-3 zoning. The listing emphasizes zoning-driven development capability alongside the property’s commercial positioning.
The site is described as transit-rich, with proximity to the 7 train, LIRR, and a busway, supporting strong regional connectivity and consistent pedestrian activity in the downtown Flushing area.
For buyers and brokers evaluating redevelopment or an operator site, this offering is presented as a conventional retail asset with a zoning framework intended to allow meaningful future flexibility.
The site is described as transit-rich, with proximity to the 7 train, LIRR, and a busway, supporting strong regional connectivity and consistent pedestrian activity in the downtown Flushing area.
For buyers and brokers evaluating redevelopment or an operator site, this offering is presented as a conventional retail asset with a zoning framework intended to allow meaningful future flexibility.
Key Highlights
- Highly visible commercial property at 44‑06 Main Street, Flushing, NY.
- C4‑3 zoning with permitted FAR and allowed uses listed as part of the offering.
- Proximity to multiple transit options, including the 7 train, LIRR, and busway.
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
$891,912
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
5.10%
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%
$17,838,240
$17.8M
Cap Rate 7%
$12,741,600
$12.7M
Cap Rate 9%
$9,910,133
$9.9M
Market Conditions
NOI Build-Up for 6,338 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
$1.49M $235.68/SF
− Vacancy
−$219.6K −$34.64/SF
EGI
$1.27M $201.04/SF
− OpEx
−$382.2K −$60.31/SF
NOI
$891.9K $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%
$17,838,240
Cap Rate 7%
$12,741,600
Cap Rate 9%
$9,910,133
Alternative Uses
Best Use
Retail
$12.74M
$11.15M – $14.87M
NOI $891,912 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.78M
$13.80M – $18.41M
NOI $1,104,333 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
172
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Highly visible retail property available for sale with C4-3 zoning and proximity to multiple transit options.
Where is this storefront property located?
The property is located at 4006 Main Street Flushing Ny, NY.
What is the asking price?
The asking price for this property is $17,500,000.
What are key features of this property?
This property features: Highly visible commercial property at 44‑06 Main Street, Flushing, NY.; C4‑3 zoning with permitted FAR and allowed uses listed as part of the offering.; Proximity to multiple transit options, including the 7 train, LIRR, and busway.
