Flushing Community Facility
14024 31st Dr CF Queens, NY 11354
For Sale
$580,000
959 sqft Community Facility unit in prime Flushing location.
Property Size959 SF
Price / SF$604.80
Days on Market96
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
Changed: Jul 10
Last Checked: Jul 27 at 11:30AM
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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Glasser Robert DVM — 3241R Steinway St, Long Island City, NY 11103
- Gabriel Ordas - Steinway Court Veterinarian — 3241 Steinway St, Astoria, NY 11103
- Steinway Court Veterinarian — 3241 Steinway St, Astoria, NY 11103
- Robert Glasser - Steinway Court Veterinarian — 3241 Steinway St, Astoria, NY 11103
- Louis Alvarez, DVM — 3201 36th Ave, Long Island City, NY 11106
Frequently Asked Questions
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
