Renovated Office
For Sale
$399,000
13976 35th Avenue #L1, Flushing, NY 11354
A two-room layout offers street-facing exposure and a full bathroom.
Property Size666 SF
Price / SF$599.10
Days on Market28
Property Features for 13976 35th Avenue #L1
General Information
Standard status
Active
Size
666 SF
Property subtype
Commercial
Zoning
R6
Additional Details
Condition
Newly Renovated
Public Transit
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,355
Building Details
Building Size
666 SF
Year Built
1987
Stories
6
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Sep 28
Changed: Oct 23
Last Checked: Oct 23 at 4:13PM
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
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 666-square-foot commercial condominium has a two-room configuration, one full bathroom, and street-facing exposure. The space has been fully renovated and features approximately 12-foot ceilings and natural light. It was built in 1987 and is zoned R6.
Transportation, shopping, and restaurants are nearby. Prospective users should verify that their intended use is permitted.
Transportation, shopping, and restaurants are nearby. Prospective users should verify that their intended use is permitted.
Key Highlights
- 666 SF commercial condominium, fully renovated
- Two‑room layout with one full bathroom
- Approximately 12‑foot ceilings and street‑facing exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,927
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,540
$438.5K
Cap Rate 7%
$313,243
$313.2K
Cap Rate 9%
$243,633
$243.6K
Market Conditions
NOI Build-Up for 666 SF
Gross rent
$33.6K $50.40/SF
− Vacancy
−$4.3K −$6.50/SF
EGI
$29.2K $43.90/SF
− OpEx
−$7.3K −$10.97/SF
NOI
$21.9K $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%
$438,540
Cap Rate 7%
$313,243
Cap Rate 9%
$243,633
Alternative Uses
Best Use
Office B
$313.2K
$274.1K – $365.5K
NOI $21,927 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$491.0K
$429.6K – $572.8K
NOI $34,369 @ 7.0% cap · market cap 8.61%
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
Location Intelligence
Trade Area within ½ mile
9,232
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 - A two-room layout offers street-facing exposure and a full bathroom.
Where is this office unit located?
The property is located at 13976 35th Avenue #L1 Flushing, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 666 SF commercial condominium, fully renovated; Two‑room layout with one full bathroom; Approximately 12‑foot ceilings and street‑facing exposure
