Building Details

Year built 2018

Building materials Brick

Listing Agency: E Realty International Corp s***@hotmail.com Show Phone

Listed By: Hok L. Chow · License #10401297420 Show Phone

Added: Mar 31 Changed: Oct 5 Last Checked: Oct 8 at 3:06AM

Report an Issue

MLS# 979096

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.

Investment Insights

Based on property information with market context.

This medical office property offers 1,660 square feet of space within a brick building constructed in 2018. The office has been newly renovated and is positioned for use by doctors, specialists, or medical groups. Public water and public sewer serve the property, and the site carries R6 zoning.

Located at 14238 37th Avenue in Flushing, the property is in Queens County and carries a 11354 postal code. Its medical-office configuration provides a focused commercial setting for healthcare operations.

Key Highlights

• 1,660 square feet of medical office space
• Newly renovated office suitable for doctors, specialists, or medical groups
• Brick construction; built in 2018

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,654

Cap Rate

3.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,093,080 $1.1M

Cap Rate 7%

$780,771 $780.8K

Cap Rate 9%

$607,267 $607.3K

Market Conditions

NOI Build-Up for 1,660 SF

Gross rent

$83.7K $50.40/SF

− Vacancy

−$10.8K −$6.50/SF

EGI

$72.9K $43.90/SF

− OpEx

−$18.2K −$10.97/SF

NOI

$54.7K $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%

$1,093,080

Cap Rate 7%

$780,771

Cap Rate 9%

$607,267

Alternative Uses

Best Use

Office B

$780.8K

$683.2K – $910.9K (±1% cap)

NOI $54,654 @ 7.0% cap · market cap 3.96%

Second Best

Healthcare Medical

$546.8K

$478.5K – $637.9K (±1% cap)

NOI $38,276 @ 7.0% cap · market cap 2.77%

Theoretical Best

Office A

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,664 @ 7.0% cap · market cap 6.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Dr. Sea H. ... Physician Best Care Medicine Medical Clinic

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Garden Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10,581

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Ground-Floor Office Unit

14627 Beech Ave, Flushing, NY 11355

$1,370,000

View details

Renovated Medical Office Space

131-07 40th Road, Flushing, NY 11354

$1,680,000

View details

Turnkey Medical Office Condo

2a-4142 College Point Blvd, Flushing, NY 11356

$1,150,000

1,570 SF

View details

Office Condo with Finished Lower Level

144-38 35th Avenue, Flushing, NY 11354

$1,350,000

1,935 SF

View details

Flexible Day Care Space

132-35 41 Road Unit: 1A, Flushing, NY 11354

$1,599,000

1,500 SF

View details

Community Facility Office Units with High Ceilings

38-20 Parsons Boulevard Unit: CF9, Flushing, NY 11354

$1,637,900

1,489 SF

View details

Contemporary Office Condo

142-38 37th Ave 2g, Flushing, NY 11354

$1,100,000

1,381 SF

View details

Ground-Floor Medical Office Space

134-43 Maple Avenue C1b, Flushing, NY 11355

$899,000

1,318 SF

View details

Office Unit With Outdoor Terrace

37-16 Union St Unit 1006, Flushing, NY 11354

$1,630,000

891 SF

View details

Mixed-Use Commercial Unit

134-11 Franklin Avenue Unit: CF6, Flushing, NY 11355

$730,000

View details

Medical Office Space with Basement

4128 150th Street, Flushing, NY 11355

$958,000

View details

Office Unit with Natural Light

132-03 Sanford Ave, Flushing, NY 11355

$2,290,000

View details

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 - Professional medical space with public water and sewer service in Flushing.

Where is this medical office space located?

The property is located at 14238 37TH Avenue Flushing, NY.

What is the asking price?

The asking price for this property is $1,380,000.

What are key features of this property?

This property features: 1,660 square feet of medical office space; Newly renovated office suitable for doctors, specialists, or medical groups; Brick construction; built in 2018