Flushing Restaurant Space
14228 38th Ave Flushing, NY
14228 38th Ave, Flushing, NY, 00000
Contact for pricing
For Sale
Contact for pricing
Built-out restaurant space with high visibility and parking.
Property Size9,000 SF
Lot Size0.22 Acres
Price / SF$555.56
Days on Market238
Property Features for 14228 38th Ave
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.22 Acres
- Property subtype
- RETAIL
Properties For Sale
at 14228 38th Ave Contact us
Listing Agency
Kassin Sabbagh Realty (KSR)
(646) 869-5501
Listed by
Abraham Kassin
(646) 869-5501
Source
Moodyscre
Added: Nov 24, 2025 Checked: Jul 20 at 2:11 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 Kassin Sabbagh Realty (KSR)
Investment Insights
Based on property information with market context.
This is a built-out restaurant space featuring high visibility corner exposure. Garage parking is available. The property is adjacent to the Flushing/Main Street 7 subway station. The property size is 9000 square feet.
Key Highlights
- Adjacent to Flushing/Main Street 7 subway station
- High visibility corner exposure
- Built out restaurant
Local Financial Insights For Specialty Retail
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 | $594.0k | $66.00 |
| − Vacancy | −$38.6k | −$4.29 |
| EGI | $555.4k | $61.71 |
| − OpEx | −$138.8k | −$15.43 |
| NOI | $416.5k | $46.28 |
9,000 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$5.95M
$5.21M – $6.94M
NOI $416,543 @ 7.0% cap · market cap 8.33%
Second Best
Retail
$2.30M
$2.01M – $2.68M
NOI $160,650 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$6.63M
$5.81M – $7.74M
NOI $464,443 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shirokia Parking Inc
Parking Lot & Garage
Jinhui Inc
Physician
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- hibachi home — 132-29 Blossom Ave, Queens, NY 11355
FAQs
What type of property is this?
Restaurant - Built-out restaurant space with high visibility and parking.
Where is this restaurant located?
The property is located at 14228 38th Ave Flushing, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Adjacent to Flushing/Main Street 7 subway station; High visibility corner exposure; Built out restaurant
