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    133-40 37Th Ave Flushing, NY 11354

    For Sale
    $5,290,000

    Commercial Building - Flushing, NY

    Days on Market:
    117
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 133-40 37Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage

    Building Details

    Architectural style
    Other

    EAST COAST NEW YORK INC (917) 974-0992

    Listing agent Gail Pon (718) 428-2900

    Listing date Aug 12, 2025

    MLS# 11518026 Listing URL

    Copyright © 2025 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.

    Overview

    Flushing Mixed-Use Investment Opportunity

    Located in Flushing, this mixed-use building presents an investment opportunity. The property is fully occupied, with the exception of the basement, which is currently vacant and available for lease. The first floor is occupied by a dessert restaurant with brand recognition and rental income. The second floor is leased to an office tenant with a long-term relationship with the landlord. The third and fourth floors each feature a 3-bedroom, 2-bath residential unit. The property is located in a rapidly developing section of Flushing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.833468
    Latitude
    40.760565

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Flushing with income potential.
    Where is this mixed-use property located?
    The property is located at 133-40 37Th Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $5,290,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Downtown Flushing, a dynamic and fast-growing area.; - Fully occupied, income-producing property with long-term upside potential.; - Stable rental income from established dessert restaurant and long-term office tenant.
    (718) 428-2900
    Request Owner's contact information
    133-40 37Th Ave Flushing, NY 11354
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    Flushing, NY 11354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    133-40 37Th Ave Flushing, NY 11354
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