Professional Office Unit with
For Sale
$199,800
8443 57TH RD, Flushing, NY 11373
Newly painted professional office unit with a private balcony, elevator building access, and new oven and refrigerator.
Property Size328 SF
Price / SF$609.15
Days on Market196
Property Features for 8443 57TH RD
General Information
Standard status
Active
Size
328 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,980
Amenities
private balcony
laundry facilities
elevator building
Central Air
3
Building Details
Year Built
1986
Listing Agency:
Winzone Realty Inc
(347) 781-8888
Listed By:
Victoria Chang
(347) 781-8888
Source:
Xome
Added: Jan 25
Changed: Aug 8
Last Checked: Aug 9 at 5:37AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This legal commercial professional unit is located in a well-maintained elevator building and is presented newly painted and move-in ready. The space includes a brand-new cooking oven and refrigerator, and it features a private balcony with floor-to-ceiling grid windows that extend to the outdoor area for an open feel and natural light. Laundry facilities with a washer and dryer are available in the building for tenant convenience.
The property is described as being in the heart of Elmhurst and is positioned about two blocks from the M & R subway lines, providing straightforward access to transportation as well as nearby shops and restaurants.
The unit is offered for sale as a compact professional space suitable for office, studio, or professional use where light food prep is permitted, with the professional configuration centered around the interior room and private balcony.
The property is described as being in the heart of Elmhurst and is positioned about two blocks from the M & R subway lines, providing straightforward access to transportation as well as nearby shops and restaurants.
The unit is offered for sale as a compact professional space suitable for office, studio, or professional use where light food prep is permitted, with the professional configuration centered around the interior room and private balcony.
Key Highlights
- Legal commercial/professional unit in an elevator building
- 328 SF office/studio unit that is newly painted and move‑in ready
- Private balcony with floor‑to‑ceiling grid windows
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
$10,799
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
5.40%
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%
$215,980
$216.0K
Cap Rate 7%
$154,271
$154.3K
Cap Rate 9%
$119,989
$120.0K
Market Conditions
NOI Build-Up for 328 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
$16.5K $50.40/SF
− Vacancy
−$2.1K −$6.50/SF
EGI
$14.4K $43.90/SF
− OpEx
−$3.6K −$10.97/SF
NOI
$10.8K $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%
$215,980
Cap Rate 7%
$154,271
Cap Rate 9%
$119,989
Alternative Uses
Best Use
Office B
$154.3K
$135.0K – $180.0K
NOI $10,799 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.8K
$211.6K – $282.1K
NOI $16,926 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,079
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
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 - Newly painted professional office unit with a private balcony, elevator building access, and new oven and refrigerator.
Where is this office units located?
The property is located at 8443 57TH RD Flushing, NY.
What is the asking price?
The asking price for this property is $199,800.
What are key features of this property?
This property features: Legal commercial/professional unit in an elevator building; 328 SF office/studio unit that is newly painted and move‑in ready; Private balcony with floor‑to‑ceiling grid windows
