Office Unit with Private
For Sale
$1,349,000
136-20 38th Avenue #11A, Flushing, NY 11354
The finished workspace includes enclosed offices, a conference room, open work area, and reception space.
Property Size1,351 SF
Price / SF$998.52
Days on Market144
Property Features for 136-20 38th Avenue #11A
General Information
Standard status
Active
Size
1,351 SF
Elevators
Yes
Property subtype
Commercial
Space & Availability
Floor
11
Condition
Move-in Ready
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,543
Amenities
central HVAC
24/7 security guards
Building Details
Building Size
1,351 SF
Buildings
1
Stories
12
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Jun 3
Changed: Oct 23
Last Checked: Oct 23 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gail Leone
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Investment Insights
Based on property information with market context.
This 1,351-square-foot office unit occupies the 11th floor of a 12-story building. Its layout includes a conference room, three separate offices, open workspace, and a reception and waiting area. Central HVAC serves the unit, which also has natural light and views toward Manhattan and Whitestone. Building features include 24-hour security, express elevators serving floors 9 through 12, and an on-site garage with 24-hour parking. A tax abatement is available through 2032.
Queens Crossing is in Flushing’s business district, a short walk from Main Street, the LIRR, the 7 subway line, and local and express bus routes. Banks, restaurants, supermarkets, stores, essential services, and residential housing are nearby; major highways are also accessible.
Queens Crossing is in Flushing’s business district, a short walk from Main Street, the LIRR, the 7 subway line, and local and express bus routes. Banks, restaurants, supermarkets, stores, essential services, and residential housing are nearby; major highways are also accessible.
Key Highlights
- 1,351 SF office unit on the 11th floor of a 12‑story building
- Layout includes three separate offices, conference room, open workspace, reception, and waiting area
- Central HVAC and natural light; views toward Manhattan and Whitestone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,480
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,600
$889.6K
Cap Rate 7%
$635,429
$635.4K
Cap Rate 9%
$494,222
$494.2K
Market Conditions
NOI Build-Up for 1,351 SF
Gross rent
$68.1K $50.40/SF
− Vacancy
−$8.8K −$6.50/SF
EGI
$59.3K $43.90/SF
− OpEx
−$14.8K −$10.97/SF
NOI
$44.5K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,600
Cap Rate 7%
$635,429
Cap Rate 9%
$494,222
Alternative Uses
Best Use
Office B
$635.4K
$556.0K – $741.3K
NOI $44,480 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.0K
$871.5K – $1.16M
NOI $69,718 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,321
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The finished workspace includes enclosed offices, a conference room, open work area, and reception space.
Where is this office unit located?
The property is located at 136-20 38th Avenue #11A Flushing, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 1,351 SF office unit on the 11th floor of a 12‑story building; Layout includes three separate offices, conference room, open workspace, reception, and waiting area; Central HVAC and natural light; views toward Manhattan and Whitestone
