Street-Level Office
For Sale
$1,080,000
4265 KISSENA BLVD Unit 114, Flushing, NY 11355
Private-entry commercial condo with a multi-room layout and flexible professional-use configuration.
Property Size1,200 SF
Price / SF$900
Days on Market157
Property Features for 4265 KISSENA BLVD Unit 114
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Office
Additional Details
Floor
street-level
Taxes and HOA fees
Annual Taxes
$8,936
Amenities
Electric, Window/Wall Unit
3
Building Details
Year Built
1963
Listing Agency:
Goldstone N Y Realty LLC
(646) 731-8258
Listed By:
Yunzhong Sun
(646) 731-8258
Source:
Xome
Added: Mar 27
Changed: Aug 29
Last Checked: Aug 29 at 9:36PM
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 Goldstone N Y Realty LLC
Investment Insights
Based on property information with market context.
This 1,200 SF street-level commercial condominium includes a private entrance, five rooms, and 1.5 baths. The interior is arranged for office-based operations and was previously occupied by a tutoring center. Its existing configuration can accommodate medical office, education, beauty, therapy, or other professional uses supported by the layout.
The property is located at 4265 Kissena Blvd, Unit 114, in Flushing, NY 11355. Built in 1963, the unit offers a ground-level format suited to users seeking direct access from the street. Delivery is available vacant, with the seller also offering the option to provide a ready tenant for an investor-oriented purchase.
The property is located at 4265 Kissena Blvd, Unit 114, in Flushing, NY 11355. Built in 1963, the unit offers a ground-level format suited to users seeking direct access from the street. Delivery is available vacant, with the seller also offering the option to provide a ready tenant for an investor-oriented purchase.
Key Highlights
- 1,200 SF street‑level commercial condominium
- Private entrance with five‑room interior layout
- 1.5 baths
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
$39,509
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
3.66%
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%
$790,180
$790.2K
Cap Rate 7%
$564,414
$564.4K
Cap Rate 9%
$438,989
$439.0K
Market Conditions
NOI Build-Up for 1,200 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
$60.5K $50.40/SF
− Vacancy
−$7.8K −$6.50/SF
EGI
$52.7K $43.90/SF
− OpEx
−$13.2K −$10.97/SF
NOI
$39.5K $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%
$790,180
Cap Rate 7%
$564,414
Cap Rate 9%
$438,989
Alternative Uses
Best Use
Office B
$564.4K
$493.9K – $658.5K
NOI $39,509 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,926 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10,523
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 - Private-entry commercial condo with a multi-room layout and flexible professional-use configuration.
Where is this office units located?
The property is located at 4265 KISSENA BLVD Unit 114 Flushing, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: 1,200 SF street‑level commercial condominium; Private entrance with five‑room interior layout; 1.5 baths
