Add Listing
    For Sale
    • 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

    37-20 Prince St Flushing, NY 11354

    View on Map
    Claim this Listing
    For Sale
    $4,880,000

    Commercial Building, Mid-rise - Flushing, NY

    Lot size:
    0.52 Acres
    Added:
    May 4, 2025
    Days on Market:
    357
    Last Refresh:
    Apr 25 at 12:06 pm

    Property Features for 37-20 Prince St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    2008
    Year renovated
    2008
    Architectural style
    Other

    We can help!

    Listing Contact
    Xue Lin

    Listing agent Xue Lin

    Listing office EAST COAST NEW YORK 35-20 BELL BLVD, BAYSIDE, NY

    Listing date May 4, 2025

    MLS# 11489757 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.

    Overview

    Flushing Commercial Building For Sale

    Located in downtown Flushing, this commercial building at Prince Plaza features high ceilings and large windows. The building is situated approximately 4 minutes from Main Street, the #7 train station, and the Long Island Rail Road (LIRR). The building has a 24-hour doorman and is classified as Class RA. The building size is 7308 square feet. The property, situated on a 0.52-acre lot, offers potential for cultural, medical, or educational uses.
    Property Profile Insight Report 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

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.83304
    Latitude
    40.760213

    Nearby Similar for Sale

    • $1,062,000

      Union Center: Class A Commercial

      New Class A commercial development in Downtown Flushing.
      37-16 Union Street, Flushing, NY 11354
      View Details
    • $483,800

      Flushing Condo Office For Sale

      Professional office space in central Flushing, convenient to transit.
      13336 41st Road, Flushing, NY 11355
      View Details
    • $11,000

      Flushing Storefront on Kissena Boulevard

      High-visibility storefront, ideal for cafe or fast-food concept.
      4125 Kissena Boulevard, Flushing, NY 11355
      View Details
    • $899,000

      Turn-Key Medical Office in Flushing

      Ground floor medical office in prime Downtown Flushing location.
      134-43 Maple Avenue, Flushing, NY 11355
      View Details
    • $580,000

      Flushing Community Facility Unit

      959 sqft Community Facility unit in prime Flushing location.
      14024 31st Drive, Flushing, NY 11354
      View Details
    • $371,000

      Flushing Retail Business For Sale

      Established nail supply business with exclusive wholesale rights.
      5904 Kissena Boulevard, Flushing, NY 11355
      View Details
    • $5,850,000

      Flushing Retail and Office Building

      Commercial building in Flushing with retail and office spaces.
      45-16 162ND Street, Flushing, NY 11358
      View Details
    • $168,000

      Flushing Restaurant Space For Sale

      Restaurant space for sale in a high-traffic Flushing location.
      15630 northern blvd, Flushing, NY 11354
      View Details
    • $1,568,000

      Union Center: Class A Commercial

      New Class A commercial development in Downtown Flushing.
      37-16 Union Street, Flushing, NY 11354
      View Details
    • $2,208,000

      Union Center Commercial Space

      New Class A commercial development in Downtown Flushing.
      37-16 Union Street, Flushing, NY 11354
      View Details
    • $6,200,000
      6,255 SF

      Forest Hills Shopping Plaza Opportunity

      Fully occupied, six-unit shopping plaza with development potential in Forest Hills.
      7143 Yellowstone Blvd, Flushing, NY 11375
      View Details
    • $1,656,000

      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

    FAQs

    What type of property is this?
    Office building - Commercial building in downtown Flushing with high ceilings and large windows.
    Where is this office building located?
    The property is located at 37-20 Prince St Flushing, NY.
    What is the asking price?
    The asking price for this property is $4,880,000.
    What are key features of this property?
    This property features: Prime Downtown Flushing Location: Just 4 minutes to Main St, #7 Train Station, and LIRR.; High Ceilings and Large Windows.; 24‑Hour Doorman.
    (516) 865-2466
    We can help!
    Listing Contact
    Xue Lin
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!