First-Floor Retail
43-65 Bowne Street, Flushing, NY 11355
For Sale
Contact for pricing
A separate basement provides additional storage.
Property Size622 SF
Price / SF$5.79
Days on Market26
Property Features for 43-65 Bowne Street
General Information
Standard status
Size
Property subtype
Listing Agency:
Compass Greater NY LLC
(516) 517-4751
Listed By:
Whitney Yeung · License #10301223407
(646) 725-4862
Source:
Neilcharlesrealestate
Added: Oct 13
Changed: Nov 7
Last Checked: Nov 6 at 3:55PM
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 Compass Greater NY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail unit occupies the first floor and contains approximately 622 square feet, based on the floor plan. A basement adds separate storage space.
The property is at 43-65 Bowne Street in Flushing, within an established area that includes residential buildings, local businesses, and everyday amenities.
The property is at 43-65 Bowne Street in Flushing, within an established area that includes residential buildings, local businesses, and everyday amenities.
Key Highlights
- Approximately 622 square feet on the first floor, based on the floor plan
- Basement space available for storage
- 43‑65 Bowne Street in Flushing, near residences and local businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,103
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,060
$222.1K
Cap Rate 7%
$158,614
$158.6K
Cap Rate 9%
$123,367
$123.4K
Market Conditions
NOI Build-Up for 622 SF
Gross rent
$18.7K $30.00/SF
− Vacancy
−$2.8K −$4.50/SF
EGI
$15.9K $25.50/SF
− OpEx
−$4.8K −$7.65/SF
NOI
$11.1K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,060
Cap Rate 7%
$158,614
Cap Rate 9%
$123,367
Alternative Uses
Best Use
Retail
$158.6K
$138.8K – $185.1K
NOI $11,103 @ 7.0% cap · market cap 308.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.5K
$401.2K – $535.0K
NOI $32,098 @ 7.0% cap · market cap 891.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,652
Businesses Nearby
204k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 29%
Groceries 21%
Hotels & Casinos 15%
H Mart
Groceries
42,072 visits/mo
0.1 miles
Shell
Shops & Services
21,073 visits/mo
0.1 miles
Chase Bank
Shops & Services
19,494 visits/mo
0.4 miles
Four Points by Sheraton Flushing
Hotels & Casinos
15,059 visits/mo
0.5 miles
KFC
Dining
14,316 visits/mo
0.3 miles
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
$711,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Flushing, NY
Properties on Market for Retail space in Flushing
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A separate basement provides additional storage.
Where is this retail space located?
The property is located at 43-65 Bowne Street Flushing, NY.
What are key features of this property?
This property features: Approximately 622 square feet on the first floor, based on the floor plan; Basement space available for storage; 43‑65 Bowne Street in Flushing, near residences and local businesses
