Eighth-Floor Office Suite in Renaissance
For Sale
$1,080,000
136-33 37th Avenue Unit 8C, Flushing, NY 11354
Office suite on the eighth floor of Renaissance Tower with 24-hour security, elevator access, and attendant indoor parking.
Property Size1,056 SF
Days on Market274
Property Features for 136-33 37th Avenue Unit 8C
General Information
Standard status
Active
Size
1,056 SF
Elevators
Yes
Property subtype
Business
Additional Details
Floor
8
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,154
Amenities
24-hour security guard service
Building Details
Building Size
1,056 SF
Year Built
2007
Tenancy
Single
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Yi Lin E-PRO PSA SRS GRI
(917) 703-3737
Source:
Barbieliteam
Added: Feb 4
Changed: Oct 31
Last Checked: Nov 3 at 3:02PM
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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
Own an eighth-floor office suite in Renaissance Tower, a modern, full-service commercial building. The suite is described as having a functional layout with abundant natural light, and buyer must purchase with the existing tenant. The building offers elevator access and 24-hour security guard service, supported by professional management.
Renaissance Tower is positioned in Flushing’s business district, with convenient access to Main Street and nearby transit including the 7 train and LIRR. The building also provides over 130 indoor attendant parking spaces for owners and visitors. For day-to-day operations, the surrounding area includes banks, restaurants, shopping centers, and municipal parking.
Built in 2007, this office suite is presented as suitable for professional users such as law, accounting, medical, or investment firms.
Renaissance Tower is positioned in Flushing’s business district, with convenient access to Main Street and nearby transit including the 7 train and LIRR. The building also provides over 130 indoor attendant parking spaces for owners and visitors. For day-to-day operations, the surrounding area includes banks, restaurants, shopping centers, and municipal parking.
Built in 2007, this office suite is presented as suitable for professional users such as law, accounting, medical, or investment firms.
Key Highlights
- Eighth‑floor office suite at Renaissance Tower, building year built 2007
- 24‑hour security guard service and elevator access
- Over 130 indoor attendant parking spaces for owners and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,768
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,360
$695.4K
Cap Rate 7%
$496,686
$496.7K
Cap Rate 9%
$386,311
$386.3K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$53.2K $50.40/SF
− Vacancy
−$6.9K −$6.50/SF
EGI
$46.4K $43.90/SF
− OpEx
−$11.6K −$10.97/SF
NOI
$34.8K $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%
$695,360
Cap Rate 7%
$496,686
Cap Rate 9%
$386,311
Alternative Uses
Best Use
Office B
$496.7K
$434.6K – $579.5K
NOI $34,768 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$778.5K
$681.2K – $908.3K
NOI $54,495 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,436
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite on the eighth floor of Renaissance Tower with 24-hour security, elevator access, and attendant indoor parking.
Where is this office unit located?
The property is located at 136-33 37th Avenue Unit 8C Flushing, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Eighth‑floor office suite at Renaissance Tower, building year built 2007; 24‑hour security guard service and elevator access; Over 130 indoor attendant parking spaces for owners and visitors
