13646 41St AveFlushing, NY 11355

Property Details for 13646 41St Ave

Year built

2008

Lot size

0.23 AC

Property size (Sq ft)

2,723 SF

Zone code

R7-1

Property type

Office properties

APN

05044-1001

APU

50441001

Description

This exceptional 1,277 square foot commercial unit, located at 13646 41st Ave Unit 1C in Flushing, NY, presents a lucrative investment opportunity or a flexible space for various business ventures. Currently generating a substantial annual rental income of $117,600 from its operation as a senior center, this property offers immediate returns for investors. The unit boasts a desirable north exposure and is ideally situated for a multitude of office uses, including but not limited to tutoring schools, dance studios, beauty salons, cosmetics businesses (wholesale or retail), law offices, and computer/networking studios. Its prime location offers unparalleled convenience, just minutes away from the #7 train, the Long Island Rail Road (LIRR), and bustling Flushing Main Street. The surrounding area is vibrant and densely populated, with an abundance of supermarkets, restaurants, and banks, ensuring high foot traffic and visibility for any business operating within the space. The property is offered at $2,000,000 and presents a compelling opportunity for both investors seeking strong rental income and business owners looking for a well-located, versatile commercial space. The flexible use allows for immediate occupancy as a vacant space or continued operation as a rental property. This is a rare opportunity to acquire a high-performing commercial unit in a thriving Queens neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $450,193

  6.5%

  $415,563

  7%

  $385,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $355,787

  Geo Method

  $355,787

• Alternative Use

  Use

  Valuation

  Residential

  $515,298

  Hospitality

  $472,010

  Educational

  $392,707

  Medical

  $406,213

  Retail

  $610,878

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7587

Longitude

-73.8277

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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