Medical Office Condo with Private
144-38 35th Avenue Flushing, NY 11354
For Sale
$1,350,000
COMMERCIAL - Other - Flushing, NY
Property Size1,935 SF
Price / SF$697.67
Days on Market238
Property Features for 144-38 35th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Rooms
Bathroom 1
Security features
Security System
Standard status
Active
APN
5003-7502
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6487
Utilities
Water source
Public
Building Details
Year built
2019
Building materials
Stone, Masonite
Architectural style
Other
Listing Agency:
HANMI REALTY
(718) 961-8801
Listed By:
Mi Ryoung Chong
(718) 961-8801
Added: Dec 4, 2025
Changed: Jul 16
Last Checked: Jul 30 at 3:06AM
MLS# 11614764
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.
Investment Insights
Based on property information with market context.
This well-maintained office/medical condo was fully built in 2019 and is designed for flexible professional or community use. The layout includes a main floor plus a fully finished cellar level, with approximately 861 square feet on the ground floor and approximately 1,014 square feet in the cellar. The cellar level has its own private entrance, and the building provides wheelchair access along with a roomy elevator. Interior features include high ceilings, tile flooring, central HVAC (air conditioning/heat), and fire-resistant construction with sprinklers. Security amenities include a video intercom and a part-time doorman, and there is also laundry plus a dedicated bike storage room.
The property has street frontage with sign visibility around the block, near a Q28 bus stop. It is conveniently positioned off Parsons Boulevard and Northern Boulevard, close to the major junction of the Van Wyck and Whitestone expressways and the Grand Central Parkway.
The condo is vacant and can be suitable for a range of uses such as a community facility (subject to confirmation by an architect and attorney), including medical/professional offices and physical therapy, among other possibilities.
The property has street frontage with sign visibility around the block, near a Q28 bus stop. It is conveniently positioned off Parsons Boulevard and Northern Boulevard, close to the major junction of the Van Wyck and Whitestone expressways and the Grand Central Parkway.
The condo is vacant and can be suitable for a range of uses such as a community facility (subject to confirmation by an architect and attorney), including medical/professional offices and physical therapy, among other possibilities.
Key Highlights
- Built in 2019 with stone and Masonite construction materials
- About 1,935 SF total: 861 SF on the ground floor plus 1,014 SF in a full finished cellar
- Wheelchair access with a roomy elevator and a full finished cellar featuring a private entrance
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.5k | $50.40 |
| − Vacancy | −$12.6k | −$6.50 |
| EGI | $84.9k | $43.90 |
| − OpEx | −$21.2k | −$10.97 |
| NOI | $63.7k | $32.92 |
1,935 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$910.1K
$796.4K – $1.06M
NOI $63,708 @ 7.0% cap · market cap 4.72%
Second Best
Healthcare Medical
$637.4K
$557.7K – $743.6K
NOI $44,617 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,855 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained condo with wheelchair access, elevator service, and a private entrance to a finished cellar level.
Where is this office units 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: Built in 2019 with stone and Masonite construction materials; About 1,935 SF total: 861 SF on the ground floor plus 1,014 SF in a full finished cellar; Wheelchair access with a roomy elevator and a full finished cellar featuring a private entrance
