Flushing Renaissance Tower Office
136-33 37th Ave 8C, Queens, NY 11354
For Sale
$1,080,000
Commercial office condo in premier Flushing business district.
Property Size1,056 SF
Days on Market199
Property Features for 136-33 37th Ave 8C
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Yi Lin E-PRO PSA SRS GRI
(917) 703-3737
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 2:56PM
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.
This commercial office condo is located in the Renaissance Tower in Flushing's business district. Situated on the 8th floor, the professional office suite features a functional layout with natural light. The Renaissance Tower is a commercial building with 24-hour security, elevator access, and professional management. Over 130 indoor attendant parking spaces are available for owners and visitors. The property is located in downtown Flushing, near Main Street, the 7 train, and the Long Island Rail Road. The office suite is suitable for professional uses such as law, accounting, medical, or investment firms. The property is near banks, restaurants, shopping centers, and municipal parking. The bike score is 68, indicating it is bikeable. The walk score is 92, meaning it is a walker's paradise. The transit score is 76, indicating excellent transit.
Key Highlights
- Prime downtown Flushing location, steps from Main Street, the 7 train, and LIRR.
- Located in the prestigious Renaissance Tower, a modern, full‑service building with 24‑hour security.
- Over 130 indoor attendant parking spaces available 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
Location Intelligence
Trade Area within ½ mile
7,621
Businesses Nearby
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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
$521,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Queens, NY
Properties on Market for Office Units in Queens
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial office condo in premier Flushing business district.
Where is this office unit located?
The property is located at 136-33 37th Ave 8C Queens, 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: Prime downtown Flushing location, steps from Main Street, the 7 train, and LIRR.; Located in the prestigious Renaissance Tower, a modern, full‑service building with 24‑hour security.; Over 130 indoor attendant parking spaces available for owners and visitors.
