Flushing Office Unit Near
For Sale
$668,000
4125 KISSENA BLVD, Flushing, NY 11355
Commercial condominium office with access to rail, subway, buses, shops, restaurants, and essential services.
Property Size664 SF
Price / SF$1,006
Days on Market262
Property Features for 4125 KISSENA BLVD
General Information
Standard status
Active
Size
664 SF
Property subtype
Office
Additional Details
HOA Fee
$712
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,567
Amenities
Electric
3
Building Details
Year Built
1963
Listing Agency:
Selected First Realty Corp
Listed By:
Fengtong Liu
(718) 461-2511
Source:
Xome
Added: Dec 16, 2025
Changed: Sep 2
Last Checked: Sep 4 at 3:21AM
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 Selected First Realty Corp
Investment Insights
Based on property information with market context.
This 664-square-foot office condominium is located at 4125 Kissena Blvd, Unit PR108, in Flushing, New York. The property was built in 1963 and includes electric service. Its condominium format provides an individually owned office unit within a commercial setting.
The property is positioned near the LIRR, the #7 Subway, and bus service. Nearby destinations include the library, shops, post office, restaurants, and a supermarket, providing a broad range of daily services within walking distance.
The property is positioned near the LIRR, the #7 Subway, and bus service. Nearby destinations include the library, shops, post office, restaurants, and a supermarket, providing a broad range of daily services within walking distance.
Key Highlights
- 664‑square‑foot office condominium
- Located at 4125 Kissena Blvd, Unit PR108, Flushing, NY 11355
- Near the LIRR and #7 Subway
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
$21,861
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
3.27%
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%
$437,220
$437.2K
Cap Rate 7%
$312,300
$312.3K
Cap Rate 9%
$242,900
$242.9K
Market Conditions
NOI Build-Up for 664 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
$33.5K $50.40/SF
− Vacancy
−$4.3K −$6.50/SF
EGI
$29.1K $43.90/SF
− OpEx
−$7.3K −$10.97/SF
NOI
$21.9K $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 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%
$437,220
Cap Rate 7%
$312,300
Cap Rate 9%
$242,900
Alternative Uses
Best Use
Office B
$312.3K
$273.3K – $364.4K
NOI $21,861 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.5K
$428.3K – $571.1K
NOI $34,266 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condominium office with access to rail, subway, buses, shops, restaurants, and essential services.
Where is this office units located?
The property is located at 4125 KISSENA BLVD Flushing, NY.
What is the asking price?
The asking price for this property is $668,000.
What are key features of this property?
This property features: 664‑square‑foot office condominium; Located at 4125 Kissena Blvd, Unit PR108, Flushing, NY 11355; Near the LIRR and #7 Subway
