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Basement Flex Space
New
For Lease
$1,450/Mo

43-27 Bowne Street, Flushing, NY 11355

Commercial Lease, Flushing, NY

Space Size600 SF
Lot Size0.05 Acres
Days on Market3

Property Features for 43-27 Bowne Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning R4-1
Rooms Basement
Basement Full
Elementary school Active Learning Elementary Sch (The)
Middle school Bell Academy
High school East-West School Of International Studies
Elementary school district Queens 25
Middle school district Queens 25
High school district Queens 25
Standard status Active
APN 05195-0014
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 19027

Amenities

Separate private entrance
Dedicated electric meter

Building Details

Year built 1931
Building materials Frame
Listing Agency: Winzone Realty Inc
Listed By: Hsio Chu Chiu
Added: Aug 31 Last Checked: Sep 2 at 8:06AM
MLS# 1045213

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This basement flex space offers approximately 600 SF of shell-condition commercial area with a separate private entrance and dedicated electric meter. The layout is suited to storage, office support, professional services, studio use, or other quiet, low-footprint commercial activity. The property was built in 1931 and includes a basement room configuration.

Located in Flushing, the space provides access to Main Street and surrounding businesses. The property is identified with R4-1 zoning and a frame construction type, supporting consideration for mixed-use commercial occupancy subject to applicable approvals.

Key Highlights

  • Approximately 600 SF of basement shell space
  • Separate private entrance
  • Dedicated electric meter

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Garden Center Catering Service Veterinary Clinic Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

10,652
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Flushing, NY

$50.52 /SF/Yr
Avg Asking Price
$33.6–$60 /SF/Yr
Price Range
8,467 SF
Avg Space Size

This space is priced 43% below the average of $50.52 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Flex space - Private-entry basement with its own electric meter for storage, office support, or other quiet commercial activity.
Where is this flex space located?
The property is located at 43-27 Bowne Street Flushing, NY.
What is the lease rate?
The lease rate is $1,450/Mo.
What are key features of this property?
This property features: Approximately 600 SF of basement shell space; Separate private entrance; Dedicated electric meter
More about this property
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