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    Office Condominium Suite on 9th Floor Title is generated by Realmo AI

    136-33 37th Ave 9A, Queens, NY 11354

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    New
    For Sale
    $2,198,000

    Ninth-floor office condo in a full-service tower with elevator access, 24-hour security, and flexible vacancy for immediate use.

    Type:Commercial
    Property size:
    1,826 SF
    Price / SF:
    $1,203/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 1:55 am

    Property Features for 136-33 37th Ave 9A

    General Information

    Standard status
    Active
    Size
    1,826 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2007

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    Listing Contact
    Li Li

    Listing agent Li Li

    Listing office

    Listing date Jun 4, 2026

    Source Elliman

    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 Li Li

    HighLights

    • 9th‑floor office condominium in Renaissance Tower (built 2007) with approximately 1,826 SF and can be delivered vacant
    • Option to combine Unit 9A with Unit 9B for approximately 3,416 SF total space
    • Full‑service building with elevator access and 24‑hour security service
    • More than 130 indoor attendant parking spaces for owners and visitors
    • Exceptional transit access near Main Street, the 7 subway line, LIRR, and multiple bus routes (transitScore: 100)

    Overview

    Unit 9A is a commercial office condominium located on the 9th floor of the full-service Renaissance Tower. The suite is described as an approximately 1,826 SF space with a spacious, efficient layout, and it can be delivered vacant, allowing flexibility for immediate occupancy, customization, or owner use. For businesses that need more room, Unit 9A may also be combined with Unit 9B for a combined approximately 3,416 SF offering.

    Renaissance Tower provides elevator access, professional management, and 24-hour security service. The building includes over 130 indoor attendant parking spaces for owners and visitors. The property is situated in the heart of Flushing’s business district and is described as being just moments from Main Street, the 7 subway line, LIRR, municipal parking facilities, and multiple bus routes.

    The configuration and available flexibility make Unit 9A suitable for a range of professional office uses. The property is positioned for administrative, service, and professional tenants that value consistent building operations, secure access, and convenient transit and parking for employees and clients. For owner-users, it supports long-term presence in a commercial high-rise; for investors, it offers a condominium office suite within a managed, full-service building.
    Location Intelligence

    Current Use by Public Records

    Zhaotong Li Law Firm Fareast Capital Realty ... Real Estate Agency Efin Management Corp Construction Company EC Dental Group Dental Office Red Sun Home ... Home Health Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.942906
    Latitude
    40.760218

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    FAQs

    What type of property is this?
    Office units - Ninth-floor office condo in a full-service tower with elevator access, 24-hour security, and flexible vacancy for immediate use.
    Where is this office units located?
    The property is located at 136-33 37th Ave 9A Queens, NY.
    What is the asking price?
    The asking price for this property is $2,198,000.
    What are key features of this property?
    This property features: 9th‑floor office condominium in Renaissance Tower (built 2007) with approximately 1,826 SF and can be delivered vacant; Option to combine Unit 9A with Unit 9B for approximately 3,416 SF total space; Full‑service building with elevator access and 24‑hour security service
    (646) 889-9988
    We can help!
    Listing Contact
    Li Li
    Learn More
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    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
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