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14920 41st Ave 4,320 SF 100% Leased Retail Building Flushing, NY 11355 $2,388,000 ($552.78/SF)
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 4 Unit 5,200+ Sqft. Free Market Mixed-Use Restaurant Building In Flushing For Sale!!!
- The Property Is Located In The Heart Of Murray Hill Only 3 Blocks Off Northern Blvd. & Only Minutes From I-678 (Whitestone Expy.)!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure, R5/C1-2 Zoning, High 9’ Ceilings, (2) 1 Br. Apartments, (1) 2 Br. Apartment, Basement, +++!!!
- Neighbors Include Chase Bank, TD Bank, Citizens Bank, Bank Of America, UPS, Verizon, T-Mobile, CubeSmart Self Storage, AutoZone, Dunkin’, +++!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! 4 Unit 5,200+ Sqft. Free Market Mixed-Use Restaurant Building In Flushing For Sale!!! The Property Features Excellent Signage, Great Exposure, R5/C1-2 Zoning, High 9’ Ceilings, (2) 1 Br. Apartments, (1) 2 Br. Apartment, Basement, Sprinklers, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Murray Hill Only 3 Blocks Off Northern Blvd. & Only Minutes From I-678 (Whitestone Expy.)!!! Neighbors Include Chase Bank, TD Bank, Citizens Bank, Bank Of America, UPS, Verizon, T-Mobile, CubeSmart Self Storage, AutoZone, Dunkin’, 7-Eleven, YMCA, Enterprise-Rent-A-Car, Mobil, Duane Reade, Baskin-Robbins, Domino’s Pizza, Subway, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Korean BBQ: $72,565.56 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/34. Tenant Pays Half Of The Property Tax.
2nd Floor Front Apt. (1 Br.): $16,800 Ann.; M-M.
2nd Floor Rear Apt. (1 Br.): $20,400 Ann.; M-M.
3rd Floor Apt. (2 Br.): $45,600 Ann.; M-M.
50% Tax Rebate From Store: $12,000 Ann.
70% Water Rebate From Store: $5,400 Ann.
Gross Income: $172,765.56 Ann.
Expenses:
Gas: $0 Ann.
Electric: $890 Ann. (Hallway)
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,714.29 Ann
Insurance: $2,839 Ann.
Taxes: $23,642 Ann.
Total Expenses: $35,335.29 Ann.
Net Operating Income (NOI): $137,430.27 Ann.
Income:
Korean BBQ: $72,565.56 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/34. Tenant Pays Half Of The Property Tax.
2nd Floor Front Apt. (1 Br.): $16,800 Ann.; M-M.
2nd Floor Rear Apt. (1 Br.): $20,400 Ann.; M-M.
3rd Floor Apt. (2 Br.): $45,600 Ann.; M-M.
50% Tax Rebate From Store: $12,000 Ann.
70% Water Rebate From Store: $5,400 Ann.
Gross Income: $172,765.56 Ann.
Expenses:
Gas: $0 Ann.
Electric: $890 Ann. (Hallway)
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,714.29 Ann
Insurance: $2,839 Ann.
Taxes: $23,642 Ann.
Total Expenses: $35,335.29 Ann.
Net Operating Income (NOI): $137,430.27 Ann.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$172,765
|
$39.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$172,765
|
$39.99
|
| Taxes |
$23,642
|
$5.47
|
| Operating Expenses |
$11,693
|
$2.71
|
| Total Expenses |
$35,335
|
$8.18
|
| Net Operating Income |
$137,430
|
$31.81
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $172,765 |
| Annual Per SF | $39.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $172,765 |
| Annual Per SF | $39.99 |
| Taxes | |
|---|---|
| Annual | $23,642 |
| Annual Per SF | $5.47 |
| Operating Expenses | |
|---|---|
| Annual | $11,693 |
| Annual Per SF | $2.71 |
| Total Expenses | |
|---|---|
| Annual | $35,335 |
| Annual Per SF | $8.18 |
| Net Operating Income | |
|---|---|
| Annual | $137,430 |
| Annual Per SF | $31.81 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,320 SF
Building Class
C
Year Built
1931
Price
$2,388,000
Price Per SF
$552.78
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.75
Lot Size
0.06 AC
Zoning
R5/C1-2
Frontage
21’ on 41st Ave
Amenities
- 24 Hour Access
- Controlled Access
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05054-0031 | Total Assessment | $190,064 (2026) |
| Land Assessment | $70,841 (2026) | Annual Taxes | $23,642 ($5.47/SF) |
| Improvements Assessment | $119,223 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
05054-0031
Land Assessment
$70,841 (2026)
Improvements Assessment
$119,223 (2026)
Total Assessment
$190,064 (2026)
Annual Taxes
$23,642 ($5.47/SF)
Tax Year
2025
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14920 41st Ave
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