Office Condo with Private
144-38 35th Avenue #CF1, Flushing, NY 11354
For Sale
$1,350,000
A finished lower level, elevator, and wheelchair access add flexibility to the two-level layout.
Property Size1,935 SF
Price / SF$697.67
Days on Market340
Property Features for 144-38 35th Avenue #CF1
General Information
Standard status
Size
Class
Elevators
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Public Transit
Additional Details
Floor
HOA Fee
Sprinkler System
Property Use
Amenities
video intercom security system
part time doorman
laundry
bike storage room
high ceilings
Building Details
Year Built
Stories
Owner Occupied
Listing Agency:
HANMI REALTY
Listed By:
Mi Ryoung Chong
(718) 961-8801
Source:
Gatewaypropertiesofupstateny
Added: Dec 4, 2025
Changed: Nov 8
Last Checked: Nov 8 at 1:39AM
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 HANMI REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2019, this office condominium provides approximately 1,935 square feet across two levels: 861 square feet on the ground floor and 1,074 square feet in a finished cellar. The lower level has a private entrance. Building features include an elevator, wheelchair access, high ceilings, fire sprinklers, central HVAC, video intercom security, and tile flooring. The unit is vacant. Potential uses identified include medical or professional office and community facility uses; confirm any proposed use with appropriate professionals. The property is zoned R7-1 and identified as D6, Class RB office space.
The property is on 35th Avenue in Flushing, near the Q28 bus stop. The remarks cite more than 4,500 daily vehicle trips and access to the Q7 train, the LIRR Murray Hill station, and several bus routes. The location is also described as a short drive from LaGuardia and JFK airports.
The property is on 35th Avenue in Flushing, near the Q28 bus stop. The remarks cite more than 4,500 daily vehicle trips and access to the Q7 train, the LIRR Murray Hill station, and several bus routes. The location is also described as a short drive from LaGuardia and JFK airports.
Key Highlights
- Approximately 1,935 square feet across two levels: 861 square feet at grade and 1,074 square feet in the finished cellar
- Finished lower level has its own entrance
- Completed in 2019; vacant office condominium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,708
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,160
$1.3M
Cap Rate 7%
$910,114
$910.1K
Cap Rate 9%
$707,867
$707.9K
Market Conditions
NOI Build-Up for 1,935 SF
Gross rent
$97.5K $50.40/SF
− Vacancy
−$12.6K −$6.50/SF
EGI
$84.9K $43.90/SF
− OpEx
−$21.2K −$10.97/SF
NOI
$63.7K $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%
$1,274,160
Cap Rate 7%
$910,114
Cap Rate 9%
$707,867
Alternative Uses
Best Use
Office B
$910.1K
$796.4K – $1.06M
NOI $63,708 @ 7.0% cap · market cap 4.72%
Second Best
Healthcare Medical
$637.4K
$557.7K – $743.6K
NOI $44,617 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,855 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,689
Businesses Nearby
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 Office Units in Flushing, NY
Properties on Market for Office Units in Flushing
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A finished lower level, elevator, and wheelchair access add flexibility to the two-level layout.
Where is this office unit located?
The property is located at 144-38 35th Avenue #CF1 Flushing, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 1,935 square feet across two levels: 861 square feet at grade and 1,074 square feet in the finished cellar; Finished lower level has its own entrance; Completed in 2019; vacant office condominium
