Ground-Floor Medical Office
New
For Sale
$580,000
14024 31st Drive, Flushing, NY 11354
Commercial Sale, Flushing, NY
Property Size959 SF
Lot Size0.15 Acres
Price / SF$604.80
Days on Market6
Property Features for 14024 31st Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R6
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Active
APN
04414-1123
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
330
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Building materials
Brick
Listing Agency:
Chous Realty Group Inc
(718) 353-8818
Listed By:
Kimberly Park
(212) 844-9794
Added: Oct 28
Changed: Nov 2
Last Checked: Nov 2 at 6:06PM
MLS# 1069512
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.
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 959-square-foot medical office unit occupies the ground floor and has a front-facing position. It is designated as a Community Facility and is currently tenant-occupied. The building was constructed in 2005 and features brick construction, baseboard heat, and central air conditioning.
The property is in Flushing, near public transportation, shops, and schools. Zoning is R6.
The property is in Flushing, near public transportation, shops, and schools. Zoning is R6.
Key Highlights
- 959‑square‑foot Community Facility unit
- Ground‑floor, front‑facing position
- Currently occupied by a tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,574
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,480
$631.5K
Cap Rate 7%
$451,057
$451.1K
Cap Rate 9%
$350,822
$350.8K
Market Conditions
NOI Build-Up for 959 SF
Gross rent
$48.3K $50.40/SF
− Vacancy
−$6.2K −$6.50/SF
EGI
$42.1K $43.90/SF
− OpEx
−$10.5K −$10.97/SF
NOI
$31.6K $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%
$631,480
Cap Rate 7%
$451,057
Cap Rate 9%
$350,822
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,901
Businesses Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- Flushing Veterinary Hospital — 4024 Murray St, Flushing, NY 11354
- College Point Veterinary Center — Flushing, NY 11357
- Kim Patrick PC — 14905 Northern Blvd, Flushing, NY 11354
- Flushing Animal Health — 14936 Northern Blvd, Flushing, NY 11354
- Dr. Perkins — 33-26 Union St, Queens, NY 11354
Frequently Asked Questions
What type of property is this?
Medical Office Space - The street-level community facility unit is currently occupied by 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: 959‑square‑foot Community Facility unit; Ground‑floor, front‑facing position; Currently occupied by a tenant
