Flushing Community Facility
14024 31st Dr CF Queens, NY 11354
14024 31st Dr CF, Queens, NY, 11354
$580,000
For Sale
$580,000
959 sqft Community Facility unit in prime Flushing location.
Property Size959 SF
Price / SF$604.80
Days on Market89
Property Features for 14024 31st Dr CF
General Information
- Standard status
- Active
- Size
- 959 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing Agency
Chous Consolidated Enterprise
(212) 844-9794
Listed by
Kimberly Park
(212) 844-9794
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:20 pm Checked: Jul 19 at 6:35 am
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 Chous Consolidated Enterprise
Investment Insights
Based on property information with market context.
This 959 square foot Community Facility unit is located in Flushing. Situated on the first floor, the unit offers high visibility and accessibility. Constructed in 2005, the building is well-maintained. The unit is currently occupied by a tenant with a monthly rent of $2,100. The location provides convenient access to public transportation, shops, and schools. A parking space is available for separate purchase. The property is suitable for professional offices or medical practices. The location has a bike score of 64, a walk score of 96, and a transit score of 100.
Key Highlights
- Prime Flushing location with high visibility and easy ground floor access
- Currently leased with immediate rental income of $2,100/month
- Community Facility (CF) unit suitable for professional offices or medical practices
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $50.40 |
| − Vacancy | −$6.2k | −$6.50 |
| EGI | $42.1k | $43.90 |
| − OpEx | −$10.5k | −$10.97 |
| NOI | $31.6k | $32.92 |
959 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$451.1K
$394.7K – $526.2K
NOI $31,574 @ 7.0% cap · market cap 5.44%
Second Best
Healthcare Medical
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$707.0K
$618.6K – $824.8K
NOI $49,489 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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- Robert Glasser - Steinway Court Veterinarian — 3241 Steinway St, Astoria, NY 11103
- Louis Alvarez, DVM — 3201 36th Ave, Long Island City, NY 11106
FAQs
What type of property is this?
Medical Office Space - 959 sqft Community Facility unit in prime Flushing location.
Where is this medical office space located?
The property is located at 14024 31st Dr CF Queens, NY.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Prime Flushing location with high visibility and easy ground floor access; Currently leased with immediate rental income of $2,100/month; Community Facility (CF) unit suitable for professional offices or medical practices
