High-Ceiling Medical Office
37-20 Prince St Flushing, NY 11354
37-20 Prince St, Flushing, NY, 11354
$3,880,000
For Sale
$3,880,000
COMMERCIAL - Flushing, NY
Property Size7,308 SF
Lot Size0.17 Acres
Price / SF$530.93
Days on Market73
Property Features for 37-20 Prince St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- Lot size
- 0.17 Acres
Building Details
- Year built
- 2008
- Flooring type
- Tile
Listing Agency
EAST COAST NEW YORK
(718) 428-2900
35-20 BELL BLVD, BAYSIDE, NY
Listed by
Xue Qin Lin
(917) 974-0992
Added: May 6 Checked: Jul 17 at 9:06 am
MLS# 11740290
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.
Office space available at Prince Plaza in downtown Flushing. The unit features high ceilings and large windows, with 24-hour doorman service. The building is described as Class RA and has an indicated size of 7,308.
The property is located at 37-20 Prince St, Flushing, Queens. Public remarks note it is about 4 minutes to Main St and the #7 train station and LIRR.
The space is marketed with potential for cultural, medical, and educational uses, among others.
The property is located at 37-20 Prince St, Flushing, Queens. Public remarks note it is about 4 minutes to Main St and the #7 train station and LIRR.
The space is marketed with potential for cultural, medical, and educational uses, among others.
Key Highlights
- Space is at Prince Plaza in downtown Flushing
- High ceilings and large windows
- 24‑hour doorman
Local 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 | $368.3k | $50.40 |
| − Vacancy | −$47.5k | −$6.50 |
| EGI | $320.8k | $43.90 |
| − OpEx | −$80.2k | −$10.97 |
| NOI | $240.6k | $32.92 |
7,308 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.44M
$3.01M – $4.01M
NOI $240,607 @ 7.0% cap · market cap 6.20%
Second Best
Healthcare Medical
$2.41M
$2.11M – $2.81M
NOI $168,508 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$5.39M
$4.71M – $6.29M
NOI $377,128 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lucky Care Pharmacy, ...
Pharmacy
Giraffe Professional Insurance
Insurance Agency
JUPITER LEGEND CORP ...
Travel Agency
NY Lux 纽约奢华站－全新、二手奢侈品专卖／国际名牌包、服装、鞋帽、名表
(Bike/Boat/Book/etc) Store
Cutting Board Flushing
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office space in Prince Plaza offers high ceilings, large windows, and 24-hour doorman service.
Where is this office units located?
The property is located at 37-20 Prince St Flushing, NY.
What is the asking price?
The asking price for this property is $3,880,000.
What are key features of this property?
This property features: Space is at Prince Plaza in downtown Flushing; High ceilings and large windows; 24‑hour doorman
