Ground-Level Office
New
For Sale
$416,000
4133 Parsons Boulevard Unit 1B, Flushing, NY 11355
Community facility condominium with access from the ground floor of a mixed-use building.
Property Size555 SF
Days on Market5
Property Features for 4133 Parsons Boulevard Unit 1B
General Information
Standard status
Active
Size
555 SF
Property subtype
Office
Additional Details
Floor
Ground Level
Taxes and HOA fees
Annual Taxes
$4,821
Building Details
Building Size
555 SF
Listing Agency:
E Realty International Corp
(646) 678-9555
Listed By:
Vivian Lam · License #10301221834
Source:
Barbieliteam
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 7:41AM
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.
Unit 1B is a ground-floor community facility condominium within a maintained mixed-use building. The property is positioned for approved community facility applications, subject to applicable regulations, and may accommodate medical, professional, educational, wellness, or nonprofit office functions.
The condominium is located at 4133 Parsons Boulevard in Flushing, New York. Its accessibility and street-level placement support practical use by organizations seeking a professional operating location. The adjoining Unit 1A is also part of the offering context, with a combined sale preferred for Units 1A and 1B.
The condominium is located at 4133 Parsons Boulevard in Flushing, New York. Its accessibility and street-level placement support practical use by organizations seeking a professional operating location. The adjoining Unit 1A is also part of the offering context, with a combined sale preferred for Units 1A and 1B.
Key Highlights
- Ground‑level condominium unit in a mixed‑use building
- Community facility designation supports approved medical, professional, educational, wellness, or nonprofit office uses
- Located at 4133 Parsons Boulevard, Flushing, NY 11355
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
$18,273
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%
$365,460
$365.5K
Cap Rate 7%
$261,043
$261.0K
Cap Rate 9%
$203,033
$203.0K
Market Conditions
NOI Build-Up for 555 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
$28.0K $50.40/SF
− Vacancy
−$3.6K −$6.50/SF
EGI
$24.4K $43.90/SF
− OpEx
−$6.1K −$10.97/SF
NOI
$18.3K $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%
$365,460
Cap Rate 7%
$261,043
Cap Rate 9%
$203,033
Alternative Uses
Best Use
Office B
$261.0K
$228.4K – $304.6K
NOI $18,273 @ 7.0% cap · market cap 4.39%
Second Best
Healthcare Medical
$182.8K
$160.0K – $213.3K
NOI $12,797 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$409.2K
$358.0K – $477.4K
NOI $28,641 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
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 with access from the ground floor of a mixed-use building.
Where is this office units located?
The property is located at 4133 Parsons Boulevard Unit 1B Flushing, NY.
What is the asking price?
The asking price for this property is $416,000.
What are key features of this property?
This property features: Ground‑level condominium unit in a mixed‑use building; Community facility designation supports approved medical, professional, educational, wellness, or nonprofit office uses; Located at 4133 Parsons Boulevard, Flushing, NY 11355
