Professional Office Unit with
For Sale
$199,800
8443 57TH RD Unit Prof C, 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 Unit Prof C
General Information
Standard status
Active
Size
328 SF
Property subtype
Office
Amenities
private balcony
laundry facilities
elevator building
Building Details
Year Built
1986
Listing Agency:
Winzone Realty Inc
(347) 781-8888
Listed By:
Victoria Chang
(347) 781-8888
Source:
Xome
Added: Jan 20
Changed: Jul 22
Last Checked: Aug 4 at 4:04AM
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 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 | $16.5k | $50.40 |
| − Vacancy | −$2.1k | −$6.50 |
| EGI | $14.4k | $43.90 |
| − OpEx | −$3.6k | −$10.97 |
| NOI | $10.8k | $32.92 |
328 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
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 Unit Prof C 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
