Queens Crossing Office
13620 38th Avenue #10 G, Flushing, NY 11354
For Sale
$1,498,000
The building is used by legal, medical, and other professional practices.
Property Size1,421 SF
Price / SF$1,054
Days on Market132
Property Features for 13620 38th Avenue #10 G
General Information
Standard status
Size
Property subtype
Additional Details
HOA Fee
Public Transit
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Stories
Listing Agency:
Selected First Realty Corp
(718) 461-2511
Listed By:
Yu Ruth Yin
Source:
Jwsrealtygroup
Added: Jul 6
Changed: Nov 12
Last Checked: Nov 13 at 4:43PM
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 Selected First Realty Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is within Queens Crossing, a commercial building in Flushing. Legal, medical, and other professional practices operate in the property, which is offered for sale.
Transit connections include a 2-minute walk to the #7 subway and a 3-minute walk to the Long Island LIRR Station. More than 20 bus lines serve connections across New York City, and downtown Manhattan is 20 minutes away. Retail businesses and restaurants are also in the surrounding area.
Transit connections include a 2-minute walk to the #7 subway and a 3-minute walk to the Long Island LIRR Station. More than 20 bus lines serve connections across New York City, and downtown Manhattan is 20 minutes away. Retail businesses and restaurants are also in the surrounding area.
Key Highlights
- Office unit in Queens Crossing, Flushing
- 2‑minute walk to the #7 subway
- 3‑minute walk to Long Island LIRR Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,785
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,700
$935.7K
Cap Rate 7%
$668,357
$668.4K
Cap Rate 9%
$519,833
$519.8K
Market Conditions
NOI Build-Up for 1,421 SF
Gross rent
$71.6K $50.40/SF
− Vacancy
−$9.2K −$6.50/SF
EGI
$62.4K $43.90/SF
− OpEx
−$15.6K −$10.97/SF
NOI
$46.8K $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%
$935,700
Cap Rate 7%
$668,357
Cap Rate 9%
$519,833
Alternative Uses
Best Use
Office B
$668.4K
$584.8K – $779.8K
NOI $46,785 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$916.6K – $1.22M
NOI $73,330 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,516
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
$521,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in Flushing, NY
Properties on Market for Office Units in Flushing
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The building is used by legal, medical, and other professional practices.
Where is this office unit located?
The property is located at 13620 38th Avenue #10 G Flushing, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Office unit in Queens Crossing, Flushing; 2‑minute walk to the #7 subway; 3‑minute walk to Long Island LIRR Station
