Ground-Level Office
4133 Parsons Boulevard Unit 1B, Flushing, NY 11355
For Sale
$388,500
Community facility condominium with access from the ground floor of a mixed-use building.
Property Size555 SF
Days on Market96
Property Features for 4133 Parsons Boulevard Unit 1B
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
E Realty International Corp
Listed By:
Vivian Lam · License #10301221834
(646) 678-9555
Source:
Barbieliteam
Added: Aug 6
Changed: Nov 8
Last Checked: Nov 8 at 11:54AM
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.
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 / Yr
$18,273
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
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
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 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 4.70%
Second Best
Mixed Use
$102.0K
$89.3K – $119.1K
NOI $7,143 @ 7.0% cap · market cap 1.84%
Theoretical Best
Office A
$409.2K
$358.0K – $477.4K
NOI $28,641 @ 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
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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
$711,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Flushing, NY
Properties on Market for Office Units in Flushing
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Community facility condominium with access from the ground floor of a mixed-use building.
Where is this office unit 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 $388,500.
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
