Ground-Floor Community Facility
14024 31st Drive, Flushing, NY 11354
SINGLE_FAMILY - Flushing, NY
Type:Office
Property size:
959 SFLot size:
0.15 AcresPrice / SF:
$604/SF- Added:
- Mar 16, 2026
- Days on Market:
- 114
- Last Refresh:
- Jul 7 at 1:06 am
Property Features for 14024 31st Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- R5D
- Parking features
- Assigned
- Accessibility
- Accessible Approach with Ramp, Accessible Elevator Installed
- Standard status
- Active
- APN
- 04414-1102
- Size
- 959 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 272
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Flooring type
- Hardwood
- Building materials
- Brick
Listing agent Kimberly Park (212) 844-9794
Listing office Chous Realty Group Inc 4203 162nd St, Flushing, NY (718) 353-8818
Listing date Mar 16, 2026
MLS# 972308
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Flushing location with high visibility and easy accessibility on the ground floor, ideal for professional offices or medical practices.
- Immediate rental income of $2,100/month from a reliable tenant, offering a strong investment opportunity.
- Community Facility (CF) unit, providing flexibility for various business uses.
- Low property taxes, contributing to reduced ownership costs.
- Well‑maintained building constructed in 2005, ensuring modern infrastructure.
- Conveniently located near public transportation, shops, and schools.
Overview
This offering is a 959-square-foot community facility (CF) unit designed for professional office use, with a first-floor ground/front layout. The property is located in a well-maintained building built in 2005. The unit is currently occupied by a tenant paying $2,100 per month, providing in-place rental income.
The building is identified at 14024 31st Drive in Flushing, Queens, and the property is zoned R5D. The premises are presented as having easy accessibility for day-to-day operations, with the unit positioned at street level for convenient customer and client entry. A parking space is available for separate purchase.
For buyers or operators seeking an owner-occupied or leased office asset, the ground-floor configuration can be a practical fit for service-oriented businesses such as medical practices or professional offices. With the unit already under lease, this property may also appeal to investors looking for a stabilized tenancy. Any additional parking can be pursued separately through the listed availability.
The building is identified at 14024 31st Drive in Flushing, Queens, and the property is zoned R5D. The premises are presented as having easy accessibility for day-to-day operations, with the unit positioned at street level for convenient customer and client entry. A parking space is available for separate purchase.
For buyers or operators seeking an owner-occupied or leased office asset, the ground-floor configuration can be a practical fit for service-oriented businesses such as medical practices or professional offices. With the unit already under lease, this property may also appeal to investors looking for a stabilized tenancy. Any additional parking can be pursued separately through the listed availability.
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 Profile
Location Intelligence
Current Use by Public Records
AJA Consulting Llc
Business Management Consultant
Similar Places Nearby
- College Point Veterinary Center — Flushing, NY 11357
- Dr. Perkins — 33-26 Union St, Queens, NY 11354
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.82769
- Latitude
- 40.769508
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - First-floor ground/front community facility unit in a well-maintained 2005 building, currently leased to a tenant.
Where is this medical office space located?
The property is located at 14024 31st Drive Flushing, 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 accessibility on the ground floor, ideal for professional offices or medical practices.; Immediate rental income of $2,100/month from a reliable tenant, offering a strong investment opportunity.; Community Facility (CF) unit, providing flexibility for various business uses.
