14238 37th Avenue 2h, Flushing, NY 11354

Building Details

Building Size 1,660 SF More

Year Built 2018 More

Listing Agency: Show Phone

Listed By: Rene Kovac

Source: Schunkrealtygroup

Added: Nov 7 Changed: Nov 9 Last Checked: Nov 9 at 12:04AM

Report an Issue

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 Rene Kovac

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This medical office suite contains 1,660 square feet and was renovated. The building dates to 2018, and the property is zoned R6.

Located at 14238 37th Avenue, the space is in Flushing, Queens. Its medical-office configuration is suited to healthcare use.

Key Highlights

• 1,660‑square‑foot medical office suite
• Renovated space in a building constructed in 2018
• R6 zoning

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

Is this asking price fair?

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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

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

Average Price Trend$/SF for Medical Office Space in Flushing, NY

$852 Jul

$820 Aug

$953 Sep

$878 Oct

Properties on Market for Medical Office Space in Flushing

Jul

Aug

Sep

Oct

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

Similar For Sale Nearby

See more

Medical Office Space with Parking

131-07 40th Road E20, Flushing, NY 11354

$1,398,000

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

Medical Office with Basement

4128 150th Street #1B, Flushing, NY 11355

$958,000

1,619 SF

View details

Office Units with Tax Abatement

31-35 137TH Street Unit: CF1-1, Flushing, NY 11355

$1,333,800

View details

Mixed-Use Property with Community Facility Space

38-20 Parsons Boulevard Unit: CF12, Flushing, NY 11354

$1,449,000

View details

Contemporary Office Condo

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

$1,100,000

1,381 SF

View details

Corner Office Condo

38-08 Union Street, Flushing, NY 11354

$2,380,000

View details

Ground-Floor Medical Office Space

134-43 Maple Avenue C1b, Flushing, NY 11355

$899,000

1,318 SF

View details

Open-Plan Medical Office Space

132-03 Sanford Avenue 1a, Flushing, NY 11355

$2,290,000

2,231 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 Property with Tax Abatement

134-11 Franklin Avenue #CF2, Flushing, NY 11355

$2,720,000

2,990 SF

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 - A 2018-built suite in Flushing offers a professional setting for medical practice.

Where is this medical office space located?

The property is located at 14238 37th Avenue 2h 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‑foot medical office suite; Renovated space in a building constructed in 2018; R6 zoning