Mixed-Use Building with
For Sale
$3,480,000
41-17 Haight Street, Flushing, NY 11355
Five-story mixed-use building with a storefront space plus four residential units, built in 2015.
Property Size5,354 SF
Days on Market238
Property Features for 41-17 Haight Street
General Information
Standard status
Active
Size
5,354 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
R6
Taxes and HOA fees
Annual Taxes
$45,467
Building Details
Building Size
5,354 SF
Year Built
2015
Stories
5
Units
5
Listing Agency:
Chase Global Realty Corp
(212) 991-8269
Listed By:
John Z. Liu CBR · License #10301223234
(212) 991-8269
Source:
Cohenandcohenrealty
Added: Dec 17, 2025
Changed: Aug 8
Last Checked: Aug 12 at 11:53AM
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 Chase Global Realty Corp
Investment Insights
Based on property information with market context.
This five-story rental apartment building was built in 2015 and combines a storefront commercial space with four residential units. The commercial portion features double-height ceilings, and the property includes a usable cellar for additional functional space. The building provides 5,354 SF total, with 19' of frontage.
Located at 41-17 Haight Street in Flushing, NY, the setup supports free-market rents and a blended income stream across both retail and residential components.
The combination of street-facing commercial frontage, flexible cellar use, and an on-site residential mix makes this building a strong option for buyers seeking a mixed-use configuration in a single asset.
Located at 41-17 Haight Street in Flushing, NY, the setup supports free-market rents and a blended income stream across both retail and residential components.
The combination of street-facing commercial frontage, flexible cellar use, and an on-site residential mix makes this building a strong option for buyers seeking a mixed-use configuration in a single asset.
Key Highlights
- Built in 2015, five‑story mixed‑use rental building
- Storefront commercial space plus four residential units
- 5,354 SF total building area
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
$130,875
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
3.76%
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%
$2,617,500
$2.6M
Cap Rate 7%
$1,869,643
$1.9M
Cap Rate 9%
$1,454,167
$1.5M
Market Conditions
NOI Build-Up for 5,354 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
$247.4K $46.20/SF
− Vacancy
−$9.4K −$1.76/SF
EGI
$238.0K $44.44/SF
− OpEx
−$107.1K −$20.00/SF
NOI
$130.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$2,617,500
Cap Rate 7%
$1,869,643
Cap Rate 9%
$1,454,167
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.18M
NOI $130,875 @ 7.0% cap · market cap 3.76%
Second Best
Retail
$1.37M
$1.19M – $1.59M
NOI $95,569 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$3.95M
$3.45M – $4.60M
NOI $276,292 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,615
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-story mixed-use building with a storefront space plus four residential units, built in 2015.
Where is this mixed-use property located?
The property is located at 41-17 Haight Street Flushing, NY.
What is the asking price?
The asking price for this property is $3,480,000.
What are key features of this property?
This property features: Built in 2015, five‑story mixed‑use rental building; Storefront commercial space plus four residential units; 5,354 SF total building area
