Ground-Level Office
New
For Sale
$294,000
4133 Parsons Boulevard Unit 1A, Flushing, NY 11355
Community facility condominium in a mixed-use building with access to approved professional and organizational uses, subject to applicable regulations.
Property Size392 SF
Price / SF$750
Days on Market6
Property Features for 4133 Parsons Boulevard Unit 1A
General Information
Standard status
Active
Size
392 SF
Property subtype
Office
Additional Details
Floor
Ground Floor
Office Units
2
Taxes and HOA fees
Annual Taxes
$3,857
Building Details
Building Size
392 SF
Year Built
2000
Listing Agency:
E Realty International Corp
(646) 678-9555
Listed By:
Vivian Lam · License #10301221834
Source:
Cbwarburg
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 7:43AM
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
Investment Insights
Based on property information with market context.
This ground-level office condominium occupies Unit 1A within a mixed-use building completed in 2000. The property is identified as a community facility condominium and is positioned for approved office-related applications, subject to applicable regulations.
Permitted use categories identified for the space include medical, professional, educational, wellness, and nonprofit organization offices. The property is located at 4133 Parsons Boulevard, Unit 1A, in Flushing, New York.
Permitted use categories identified for the space include medical, professional, educational, wellness, and nonprofit organization offices. The property is located at 4133 Parsons Boulevard, Unit 1A, in Flushing, New York.
Key Highlights
- Ground‑level Unit 1A office condominium
- Community facility condominium in a mixed‑use building
- 392 property size
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
$12,906
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
4.39%
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%
$258,120
$258.1K
Cap Rate 7%
$184,371
$184.4K
Cap Rate 9%
$143,400
$143.4K
Market Conditions
NOI Build-Up for 392 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
$19.8K $50.40/SF
− Vacancy
−$2.5K −$6.50/SF
EGI
$17.2K $43.90/SF
− OpEx
−$4.3K −$10.97/SF
NOI
$12.9K $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%
$258,120
Cap Rate 7%
$184,371
Cap Rate 9%
$143,400
Alternative Uses
Best Use
Office B
$184.4K
$161.3K – $215.1K
NOI $12,906 @ 7.0% cap · market cap 4.39%
Second Best
Healthcare Medical
$129.1K
$113.0K – $150.7K
NOI $9,039 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$289.0K
$252.9K – $337.2K
NOI $20,229 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
9,630
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 - Community facility condominium in a mixed-use building with access to approved professional and organizational uses, subject to applicable regulations.
Where is this office units located?
The property is located at 4133 Parsons Boulevard Unit 1A Flushing, NY.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: Ground‑level Unit 1A office condominium; Community facility condominium in a mixed‑use building; 392 property size
