Building Details

Building Size 8,177 SF

Year Built 2008

Units 11

Listing Agency: Skylux Realty Inc k***@skyluxny.com Show Phone

Listed By: Fei Guo · License #10401366341 Show Phone

Source: Croninreale

Added: Sep 14 Changed: Oct 23 Last Checked: Oct 23 at 9:50AM

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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 Skylux Realty Inc

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Investment Insights

Based on property information with market context.

This mixed-use property contains 9 condominium units, 2 office units, and 5 parking spaces. The residential mix includes 6 two-bedroom, two-bathroom condos and 3 one-bedroom, one-bathroom condos. The offices measure 1,074 SF and 783 SF. Built in 2008, the property has an established condo book and separately divided building and land, allowing ownership to be transferred by unit.

At 41-34 Haight Street in Flushing, the property is a short walk from the 7 subway train and is served by the Q17, Q25, and Q27 bus lines. Nearby amenities include supermarkets, banks, retail shopping, dining, and entertainment.

Key Highlights

• 9 condominium units and 2 office units
• Residential mix: 6 two‑bedroom, two‑bathroom units and 3 one‑bedroom, one‑bathroom units
• Office suites measure 1,074 SF and 783 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$199,882

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,997,640 $4.0M

Cap Rate 7%

$2,855,457 $2.9M

Cap Rate 9%

$2,220,911 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,177 SF

Gross rent

$377.8K $46.20/SF

− Vacancy

−$14.4K −$1.76/SF

EGI

$363.4K $44.44/SF

− OpEx

−$163.5K −$20.00/SF

NOI

$199.9K $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 Rate 5%

$3,997,640

Cap Rate 7%

$2,855,457

Cap Rate 9%

$2,220,911

Alternative Uses

Best Use

Apartment 5plus

$2.86M

$2.50M – $3.33M (±1% cap)

NOI $199,882 @ 7.0% cap · market cap 4.56%

Second Best

Mixed Use

$1.50M

$1.32M – $1.75M (±1% cap)

NOI $105,238 @ 7.0% cap · market cap 2.40%

Theoretical Best

Office A

$6.03M

$5.27M – $7.03M (±1% cap)

NOI $421,972 @ 7.0% cap · market cap 9.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

赵洵工程师事务所／building permit 房屋 ... Civil Engineer First HEC Design Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Nursing Home Catering Service Barber Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Residential units

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines condominium residences and professional office space with on-site parking.

Where is this mixed-use property located?

The property is located at 41-34 Haight Street Flushing, NY.

What is the asking price?

The asking price for this property is $4,380,000.

What are key features of this property?

This property features: 9 condominium units and 2 office units; Residential mix: 6 two‑bedroom, two‑bathroom units and 3 one‑bedroom, one‑bathroom units; Office suites measure 1,074 SF and 783 SF