Renovated Office
19906 32nd Avenue, Flushing, NY 11358
For Sale
Contact for pricing
A white-box interior with ceramic flooring and a separate half bath supports professional office occupancy.
Property Size5,100 SF
Price / SF$0.51
Days on Market39
Property Features for 19906 32nd Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Building Details
Year Built
Listing Agency:
Weichert Realtors TMT Group
(718) 229-5200
Listed By:
Jaime E. Lizarazo · License NY 40LI1105156
(646) 358-7068
Source:
Neilcharlesrealestate
Added: Oct 2
Changed: Nov 9
Last Checked: Nov 8 at 3:17PM
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 Weichert Realtors TMT Group
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Investment Insights
Based on property information with market context.
Renovated office units at 19906 32nd Avenue feature a white-box interior, ceramic flooring, and a separate half bathroom. The property was built in 1925.
Key Highlights
- Renovated white‑box office interior
- Ceramic flooring
- Separate half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,911
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,358,220
$3.4M
Cap Rate 7%
$2,398,729
$2.4M
Cap Rate 9%
$1,865,678
$1.9M
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$257.0K $50.40/SF
− Vacancy
−$33.2K −$6.50/SF
EGI
$223.9K $43.90/SF
− OpEx
−$56.0K −$10.97/SF
NOI
$167.9K $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%
$3,358,220
Cap Rate 7%
$2,398,729
Cap Rate 9%
$1,865,678
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,911 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,184 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
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Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value
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Market
Average Price Trend$/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 white-box interior with ceramic flooring and a separate half bath supports professional office occupancy.
Where is this office unit located?
The property is located at 19906 32nd Avenue Flushing, NY.
What are key features of this property?
This property features: Renovated white‑box office interior; Ceramic flooring; Separate half bathroom
