Office Unit Beside
For Sale
$788,000
41-25 Kissena Boulevard #101D, Flushing, NY 11355
The suite offers direct access from the building’s elevator landing for clients and visitors.
Property Size741 SF
Price / SF$1,063
Days on Market24
Property Features for 41-25 Kissena Boulevard #101D
General Information
Standard status
Active
Size
741 SF
Elevators
Yes
Property subtype
Commercial
Zoning
R7-1
Additional Details
Public Transit
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$6,758
Amenities
signage opportunity
Building Details
Building Size
741 SF
Year Built
1963
Stories
7
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Frank Ko · License #10301215711
(646) 996-5934
Source:
Croninreale
Added: Oct 2
Changed: Oct 23
Last Checked: Oct 23 at 3:35PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 741-square-foot office unit is located directly beside the elevator landing in a building constructed in 1963. The space is at 41-25 Kissena Boulevard in Downtown Flushing, with nearby access to the 7 train, LIRR and bus service, as well as shops and restaurants. Zoning is R7-1. Signage outside the building may be available to tenants.
Key Highlights
- 741‑square‑foot office unit
- Immediately adjacent to the elevator
- R7‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,397
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,940
$487.9K
Cap Rate 7%
$348,529
$348.5K
Cap Rate 9%
$271,078
$271.1K
Market Conditions
NOI Build-Up for 741 SF
Gross rent
$37.3K $50.40/SF
− Vacancy
−$4.8K −$6.50/SF
EGI
$32.5K $43.90/SF
− OpEx
−$8.1K −$10.97/SF
NOI
$24.4K $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%
$487,940
Cap Rate 7%
$348,529
Cap Rate 9%
$271,078
Alternative Uses
Best Use
Office B
$348.5K
$305.0K – $406.6K
NOI $24,397 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.3K
$478.0K – $637.3K
NOI $38,239 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
10,890
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite offers direct access from the building’s elevator landing for clients and visitors.
Where is this office unit located?
The property is located at 41-25 Kissena Boulevard #101D Flushing, NY.
What is the asking price?
The asking price for this property is $788,000.
What are key features of this property?
This property features: 741‑square‑foot office unit; Immediately adjacent to the elevator; R7‑1 zoning
