Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Condo in Prime Location Title is generated by Realmo AI

    144-38 35th Avenue, Flushing, NY 11354

    View on Map
    Claim this Listing
    For Sale
    $1,350,000

    Commercial Building, Mid-rise - Flushing, NY

    Property size:
    861 SF
    Price / SF:
    $1,567/SF
    Added:
    Dec 4, 2025
    Days on Market:
    185
    Last Refresh:
    Jun 7 at 9:06 pm

    Property Features for 144-38 35th Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    New Construction
    Zoning
    200
    Bathrooms
    1
    Rooms
    Basement, Bathroom 1, Kitchen, Laundry
    Parking features
    Garage, Garage - Attached
    Interior features
    Intercom, Central Vacuum
    Basement Y/N
    1
    Standard status
    Active
    APN
    5003-7502
    Size
    861 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6487

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2019
    Year renovated
    2019
    Floors in Building
    8
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Mi Ryoung Chong

    Listing agent Mi Ryoung Chong

    Listing office HANMI REALTY 37 17 UNION ST, FLUSHING, NY

    Listing date Dec 4, 2025

    MLS# 11614764 Listing URL

    Copyright © 2026 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.

    HighLights

    • Prime Location: Commuter, walker, and food lover paradise near transportation and diverse dining/shopping.
    • Tax Abatement: Benefit from low yearly real estate taxes of only $6,487 due to approximately 20 years remaining on a tax abatement, expiring in 2045.
    • Versatile Space: Large, well‑maintained 1,935 sq ft condo suitable for various uses.
    • Architectural Design: Designed by top‑ranked architects Angelo Ng & Anthony Ng.
    • Accessibility: Features wheelchair access, a private entrance to the finished cellar, and a roomy elevator.
    • Modern Amenities: Equipped with state‑of‑the‑art HVAC, video intercom security system, laundry, and bike storage.

    Overview

    This well-maintained condo offers approximately 1,935 square feet of space, including 861 square feet on the ground floor and 1,014 square feet in the finished cellar, accessible via a private entrance, wheelchair access, and an elevator. Constructed in 2019, the property features high ceilings, fire-resistant construction with sprinklers, and good street frontage with high visibility. The location benefits from over 4,500 daily car traffic and proximity to the Q28 bus stop. It is suitable for a community facility such as a house of worship, seminary, school, day and adult care, non-profit organization, showroom, medical or professional office, or physical therapy. The condo includes tile flooring, HVAC central air conditioning and heat, a video intercom security system, laundry facilities, and a bike storage room. Conveniently located near Parsons and Northern Boulevards, as well as the Van Wyck and Whitestone Expressways and Grand Central Parkway, it's a short drive to LaGuardia and JFK airports. The property is also near the #7 train and the LIRR Murray Hill station, with numerous bus lines nearby. The surrounding area offers a variety of amenities, including supermarkets, restaurants, shops, and medical facilities. The property has a tax abatement ending in 2045, with yearly real estate taxes of $6,487. The zoning is R7-1 with a D6 building code.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • College Point Veterinary Center — Flushing, NY 11357
    • Kim Patrick PC — 14905 Northern Blvd, Flushing, NY 11354
    • Dr. Perkins — 33-26 Union St, Queens, NY 11354

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.822057
    Latitude
    40.765725

    Nearby Similar for Sale

    • $1,020,000
      792 SF

      Flushing Union Center Commercial Space

      New Class A commercial development ideal for professional or medical use.
      37-16 Union Street, Flushing, NY 11354
      View Details
    • $5,850,000
      12,000 SF

      Flushing Retail and Office Building

      Prime commercial building in Flushing with retail and office spaces.
      45-16 162ND Street, Flushing, NY 11358
      View Details
    • $1,900,000
      2,200 SF

      Flushing Commercial Condominium For Sale

      2200 Sqft commercial condominium in prime downtown Flushing location.
      38-34 Parsons Boulevard, Flushing, NY 11354
      View Details
    • $1,499,000
      4,662 SF

      Income-Producing Multifamily Property in Flushing

      Detached, well-kept 4-family property near transportation and amenities.
      36-11 Utopia Parkway, Flushing, NY 11358
      View Details
    • $483,800
      415 SF

      Flushing Condo Office For Sale

      Professional office space in central Flushing, convenient to transit.
      13336 41st Road, Flushing, NY 11355
      View Details
    • $9,000,000
      3,895 SF

      Flushing Retail Strip Center For Sale

      Retail strip center with parking and development potential in Flushing.
      16024 Northern Boulevard, Flushing, NY 11358
      View Details
    • $1,899,000

      Office Condominium Suite on 9th Floor

      9B is a 9th-floor office suite at Renaissance Tower, suited for professional uses with elevator service and 24-hour security.
      136-33 37th Avenue, Flushing, NY 11354
      View Details
    • $2,198,000

      9th-Floor Office Condominium Suite

      Office condominium suite in a full-service building with 24-hour security and convenient transit access for staff and clients.
      136-33 37th Avenue, Flushing, NY 11354
      View Details
    • $580,000
      959 SF

      Flushing Community Facility Unit

      959 sqft Community Facility unit in prime Flushing location.
      14024 31st Drive, Flushing, NY 11354
      View Details
    • $1,062,000
      891 SF

      Union Center: Class A Commercial

      New Class A commercial development in Downtown Flushing.
      37-16 Union Street, Flushing, NY 11354
      View Details
    • $9,000,000

      Medical Office Building with 17 Parking

      Renovated multi-level medical facility with geothermal HVAC, elevator, and 17 private parking spaces.
      26-19 Francis Lewis Boulevard, Flushing, NY 11358
      View Details
    • $580,000

      Medical Office Unit with Private Entrance

      Street-level medical/community facility unit with reception, partitioned rooms, storage, restroom, and elevator access.
      144-77 Barclay Avenue, Flushing, NY 11355
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained condo suitable for various community facilities.
    Where is this medical office space located?
    The property is located at 144-38 35th Avenue Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Prime Location: Commuter, walker, and food lover paradise near transportation and diverse dining/shopping.; Tax Abatement: Benefit from low yearly real estate taxes of only $6,487 due to approximately 20 years remaining on a tax abatement, expiring in 2045.; Versatile Space: Large, well‑maintained 1,935 sq ft condo suitable for various uses.
    (718) 640-4431
    We can help!
    Listing Contact
    Mi Ryoung Chong
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    144-38 35th Avenue, Flushing, NY 11354
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!