Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    142-01 37Th Ave, Unit 1 Flushing, NY 11354

    View on Map
    Sponsored
    For Lease
    $5,500 /Mo ($34 SF/Yr)

    COMMERCIAL - Flushing, NY

    Type:Office
    Property size:
    1,300 SF
    Lot size:
    0.04 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 14 at 12:06 am

    Property Features for 142-01 37Th Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security
    Zoning
    R6
    APN
    05010-0001
    Size
    1,300 SF
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Xing Zheng

    Lin Pan Realty Group LLC (516) 693-9888

    Listing agent Xing Zheng

    Listing date Mar 11, 2026

    MLS# 943304

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Flushing Medical Office Space

    Located at the corner of Union Street and 37th Avenue in Flushing, New York, this commercial space offers high visibility on a ground floor corner. The 1,300 square foot rentable space is fully built-out for medical office use and includes handicapped access. The layout features a waiting area, front desk, open space, three treatment rooms, and a private bathroom. The property has been recently updated with a new electrical panel and fire sprinkler system. Signage opportunities are available facing Union Street, benefiting from heavy foot and car traffic. The space is suitable for a healthcare office, medical clinic, afterschool center, or non-profit organization. This location is positioned for high volume business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Bruce Alpert Alternative Medicine Practice Gil C. Allen, ... Alternative Medicine Practice Edo Sushi School Vocational School Yuanyuan Cheng, LAC Alternative Medicine Practice Allen Chiropractic Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    Ackerman Fred a DVM, Kantibhai Patel - Queens Animal Hospital, Queens Animal Hospital, Skillman Animal Clinic, The Sunnyside Pet Healthcare & Dental Center

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.907535
    Latitude
    40.750702

    Nearby Similar for Lease

    • New
      $8,500 /Mo

      Prime Commercial Space, Jackson Heights

      Versatile commercial space in excellent condition, ready for immediate use.
      80-22 Northern Boulevard, Jackson Heights, NY 11372
      View Details
    • $3,000 /Mo
      2,818 SF

      Jackson Heights Commercial Space Available

      Vacant second floor suitable for retail, medical, or office.
      88-22 Roosevelt Ave, Jackson Heights, NY 11372
      View Details
    • $6,050 /Mo

      Modern Commercial Space in Flushing

      Ground floor commercial space ideal for medical or professional use.
      153-53 77Th Ave, Flushing, NY 11367
      View Details
    • New
      $3,000 /Mo

      Bayside Medical Office For Lease

      1,000 sq ft medical office space in prime location.
      213-44 40Th Ave, Bayside, NY 11361
      View Details
    • New
      $46,900
      26,062 SF

      Flushing Commercial Space on Northern

      Corner unit suitable for banquet hall, wedding venue, or restaurant.
      167-17 Northern Boulevard, Flushing, NY 11358
      View Details
    • $5,000 /Mo

      Renovated Commercial Condo in Flushing

      3,327 SF commercial condo ideal for various uses.
      32-16 137Th St, Flushing, NY 11354
      View Details
    • New
      $2,500 /Mo

      College Point Commercial Space Available

      Bright commercial space in College Point, ready for immediate occupancy.
      18-22 College Point Blvd, College Point, NY 11356
      View Details
    • $10,000 /Mo
      3,999 SF

      Medical/Professional Office Space Available

      Prime commercial office space in Jackson Heights for rent.
      3723 76Th St, Jackson Heights, NY 11372
      View Details
    • $16,000 /Mo
      7,501 SF

      Flushing High-Traffic Commercial Corridor

      Prime Flushing location with flexible use options.
      4614 Kissena Blvd, Flushing, NY 11355
      View Details
    • $4,700 /Mo
      1,600 SF

      Whitestone Medical Office for Lease

      Medical office space for lease in the heart of Whitestone.
      10-28 154Th St, Whitestone, NY 11357
      View Details
    • $4,000 /Mo
      4,574 SF

      Roosevelt Avenue Office Space

      Second-floor office space in high-traffic Corona location.
      9718 Roosevelt Ave, Corona, NY 11368
      View Details
    • $60 SF/Yr
      25,936 SF

      Flushing Office Suites For Rent

      Prime commercial space in the heart of Flushing, NY.
      41-60 Main St, Flushing, NY 11355
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime location medical office space for rent in Flushing.
    Where is this medical office space located?
    The property is located at 142-01 37Th Ave, Unit 1 Flushing, NY.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible corner location with heavy foot and car traffic.; - Fully built-out 1300 SF medical office space, ready for immediate use.; - Includes waiting area, front desk, open space, three treatment rooms, and private bathroom.
    (917) 902-3898
    Request Owner's contact information
    142-01 37Th Ave, Unit 1 Flushing, NY 11354
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    142-01 37Th Ave, Unit 1
    Flushing, NY 11354
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    142-01 37Th Ave, Unit 1 Flushing, NY 11354
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Xing Zheng
    Real Estate License ID: 10401395641
    (917) 902-3898 (516) 693-9888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!