Flushing Medical Office For
14238 37TH Ave 2H Queens, NY 11354
14238 37TH Ave 2H, Queens, NY, 11354
$1,380,000
For Sale
$1,380,000
Newly renovated 1,660 SF medical office in prime location.
Property Size1,660 SF
Price / SF$831.33
Days on Market111
Property Features for 14238 37TH Ave 2H
General Information
- Standard status
- Active
- Size
- 1,660 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2018
Listing Agency
E REALTY INTERNATIONAL CORP.
(917) 330-0885
Listed by
Hok L. Chow · License #10401212212
(917) 330-0885
Source
Elliman
Added: Apr 1 Updated: Jul 10 at 12:28 pm Checked: Jul 19 at 6:16 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 E REALTY INTERNATIONAL CORP.
Investment Insights
Based on property information with market context.
Located in the heart of Flushing, this newly renovated medical office offers 1,660 square feet of space. The property is suitable for doctors, specialists, or medical groups seeking a professional and convenient space. The location is considered a Walker's Paradise with a walk score of 96, and a Rider's Paradise with a transit score of 100. The bike score is 64, indicating it is bikeable.
Key Highlights
- Prime Flushing location in the heart of Flushing.
- Newly renovated 1,660 square foot medical office.
- Perfect for doctors, specialists, or medical groups.
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 | $83.7k | $50.40 |
| − Vacancy | −$10.8k | −$6.50 |
| EGI | $72.9k | $43.90 |
| − OpEx | −$18.2k | −$10.97 |
| NOI | $54.7k | $32.92 |
1,660 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$780.8K
$683.2K – $910.9K
NOI $54,654 @ 7.0% cap · market cap 3.96%
Second Best
Healthcare Medical
$546.8K
$478.5K – $637.9K
NOI $38,276 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,664 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Value Food Trading ...
(Bike/Boat/Book/etc) Store
Sea Hyun Chung
Physician
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- Louis Alvarez, DVM — 3201 36th Ave, Long Island City, NY 11106
FAQs
What type of property is this?
Medical Office Space - Newly renovated 1,660 SF medical office in prime location.
Where is this medical office space located?
The property is located at 14238 37TH Ave 2H Queens, 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: Prime Flushing location in the heart of Flushing.; Newly renovated 1,660 square foot medical office.; Perfect for doctors, specialists, or medical groups.
