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    Corner Office Suite with Conference Room Title is generated by Realmo AI

    213-33 39th Avenue, Bayside, NY 11361

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    For Lease
    $3,250 /Mo

    COMMERCIAL - Bayside, NY

    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 213-33 39th Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2026

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate
    Building materials
    Block

    We can help!

    Listing Contact
    Mark Karten PSA SRS
    Mark Karten PSA SRS

    Listing agent Mark Karten PSA SRS

    Listing office Karten Real Estate Svcs LLC 21405 39th Ave, Bayside, NY

    Listing date Jun 4, 2026

    MLS# 1008988

    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.

    HighLights

    • Sunny corner office suite with waiting area, open work area, 4 private offices, and 1 conference room
    • Fits 3–8 people with laminate flooring and electric heating
    • Central air and electric cooling, with natural light throughout
    • Base rent $3,050/month plus $200/mo CAM and utilities; 3% yearly escalation
    • Initial 5‑year lease term with option for an additional five years
    • Public water and public sewer; cable available; on‑street parking

    Overview

    This sunny corner office suite is fully built out for a professional office operation. The layout includes a waiting area, an open work area, four private offices, and a dedicated conference room, supporting both client-facing work and internal collaboration. The suite is in excellent condition and features central air and heating, along with natural light from its corner orientation.

    The space is located at 213-33 39th Avenue in Bayside, Queens, with access to major nearby roads including Northern Blvd and close proximity to the Cross Island Parkway, Clearview Expressway, and the Long Island Expressway. The location is also described as being near the Bayside Long Island Railroad station on the Port Washington line.

    Designed for businesses that need a mix of open workspace and private offices, this suite can support a range of general office and professional service uses such as sales, financial services, law, and other professional services. The building is identified as Class A and the suite is available now. The stated economics are base rent plus CAM, along with utilities, and the lease is described as having an initial five-year term with an option for an additional five years.
    Property Profile Location Intelligence

    Current Use by Public Records

    John Wong Physician Edward Jones - Financial ... Financial Advisor Diane L. Menna, ... Spa & Massage Center Elton Liu Realtor Real Estate Agency Reliance Industrials Inc Building Supply

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bayside
    County
    Queens
    State
    New York
    Longitude
    -73.909309
    Latitude
    40.74916

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    FAQs

    What type of property is this?
    Office units - Move-in-ready office suite with natural light, four private offices, and a conference room.
    Where is this office units located?
    The property is located at 213-33 39th Avenue Bayside, NY.
    What is the lease rate?
    The lease rate is $3,250 /Mo.
    What are key features of this property?
    This property features: Sunny corner office suite with waiting area, open work area, 4 private offices, and 1 conference room; Fits 3–8 people with laminate flooring and electric heating; Central air and electric cooling, with natural light throughout
    (917) 502-2635
    We can help!
    Listing Contact
    Mark Karten PSA SRS
    Mark Karten PSA SRS
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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