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    45-73 Parsons Blvd, Flushing, NY 11355

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    Claim this Listing
    For Sale
    Under Contract
    $2,400,000

    COMMERCIAL - Flushing, NY

    Property size:
    4,784 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $501/SF
    Added:
    May 19, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 4 at 4:06 am

    Property Features for 45-73 Parsons Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    6
    Rooms
    Bathroom 6, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 4
    Parking features
    Driveway
    Security features
    Security System
    Patio and Porch features
    Deck
    Standard status
    Active Under Contract
    Size
    4,784 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    15027

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    2024
    Floors in Building
    3
    Flooring type
    Hardwood, Marble
    Building materials
    Brick
    Roof type
    Tile

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    Peipei Cai-Qu

    Listing agent Peipei Cai-Qu License #10401265402

    Listing office EAST COAST NEW YORK 35-20 BELL BLVD, BAYSIDE, NY

    Listing date May 19, 2026

    MLS# 11778040

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

    HighLights

    • Mixed‑use layout with commercial space on the main level and a residential apartment above
    • Built in 2024 with brick construction and a tile roof
    • Hardwood and marble flooring throughout
    • Electric heating
    • Includes a deck and driveway parking

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $241.1k $50.40
    − Vacancy −$31.1k −$6.50
    EGI $210.0k $43.90
    − OpEx −$52.5k −$10.97
    NOI $157.5k $32.92
    4,784 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.25M
    $1.97M – $2.63M (±1% cap)
    NOI $157,507 @ 7.0% cap · market cap 6.56%
    Second Best
    Apartment 5plus
    $1.67M
    $1.46M – $1.95M (±1% cap)
    NOI $116,942 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Office A
    $3.53M
    $3.09M – $4.11M (±1% cap)
    NOI $246,877 @ 7.0% cap · market cap 10.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Auto Parts Store Building Supply Hotel & Motel Restaurant Gym & Fitness Center Skin Care Clinic Discount Store Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.813321
    Latitude
    40.754374

    FAQs

    Where is this mixed-use property located?
    The property is located at 45-73 Parsons Blvd Flushing, NY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Mixed‑use layout with commercial space on the main level and a residential apartment above; Built in 2024 with brick construction and a tile roof; Hardwood and marble flooring throughout
    More about this property
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