Ground-Level Office
For Sale
$274,400
4133 Parsons Boulevard #1A, Flushing, NY 11355
The unit occupies the ground floor of a mixed-use building and supports approved community facility uses, subject to applicable regulations.
Property Size392 SF
Price / SF$700
Days on Market81
Property Features for 4133 Parsons Boulevard #1A
General Information
Standard status
Active
Size
392 SF
Property subtype
Commercial
Zoning
R7-1
Additional Details
Floor
Ground Level
Property Use
Community Facility
Taxes and HOA fees
Annual Taxes
$3,857
Building Details
Building Size
392 SF
Year Built
2000
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Vivian Lam · License #10301221834
(646) 678-9555
Source:
Croninreale
Added: Aug 6
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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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Investment Insights
Based on property information with market context.
This office condominium is on the ground floor of a mixed-use building at 4133 Parsons Boulevard in Flushing. Units 1A and 1B are identified, with a combined sale preferred. The property was built in 2000 and is zoned R7-1.
Approved community facility uses may include medical, professional, educational, wellness, and nonprofit offices, subject to applicable regulations.
Approved community facility uses may include medical, professional, educational, wellness, and nonprofit offices, subject to applicable regulations.
Key Highlights
- Ground‑floor unit in a mixed‑use building
- Units 1A and 1B; combined sale preferred
- Zoned R7‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,906
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
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
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 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 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.0K
$252.9K – $337.2K
NOI $20,229 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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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 unit occupies the ground floor of a mixed-use building and supports approved community facility uses, subject to applicable regulations.
Where is this office unit located?
The property is located at 4133 Parsons Boulevard #1A Flushing, NY.
What is the asking price?
The asking price for this property is $274,400.
What are key features of this property?
This property features: Ground‑floor unit in a mixed‑use building; Units 1A and 1B; combined sale preferred; Zoned R7‑1
