Downtown Office
2818 PARSONS BLVD Unit CF17 Flushing, NY 11354
2818 PARSONS BLVD Unit CF17, Flushing, NY, 11354
$947,800
For Sale
$947,800
Office units with ceilings from 13 to 19 feet and rooftop commercial use, with ICAP 20-year tax abatement approval.
Property Size1,354 SF
Price / SF$700
Days on Market157
Property Features for 2818 PARSONS BLVD Unit CF17
General Information
- Standard status
- Active
- Size
- 1,354 SF
- Property subtype
- Office
Listing agency
E Realty International Corp
(646) 688-8998
Listed by
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Source
Xome
Added: Feb 16 Updated: Jul 23 at 2:59AM Checked: Jul 23 at 2:59AM
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.
This offering consists of commercial office units suitable for a range of business uses, with ceiling heights reported to range from 13 to 19 feet. Rooftop space is designated for commercial use, with details to be determined by management.
The units are described as being in the heart of Downtown Flushing and are approved for the ICAP 20-year tax abatement. Total available commercial space is approximately 33,000 square feet.
Buyers interested in combining units may do so by applying for the proper permits. Ceiling heights and rooftop use provide flexibility for different operating requirements within the existing structure.
The units are described as being in the heart of Downtown Flushing and are approved for the ICAP 20-year tax abatement. Total available commercial space is approximately 33,000 square feet.
Buyers interested in combining units may do so by applying for the proper permits. Ceiling heights and rooftop use provide flexibility for different operating requirements within the existing structure.
Key Highlights
- Commercial units approved for ICAP 20‑year tax abatement
- Approximately 33,000 SF total available commercial space
- Ceiling heights range from 13 to 19 ft
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 | $68.2k | $50.40 |
| − Vacancy | −$8.8k | −$6.50 |
| EGI | $59.4k | $43.90 |
| − OpEx | −$14.9k | −$10.97 |
| NOI | $44.6k | $32.92 |
1,354 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$636.8K
$557.2K – $743.0K
NOI $44,579 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$998.2K
$873.4K – $1.16M
NOI $69,873 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office units with ceilings from 13 to 19 feet and rooftop commercial use, with ICAP 20-year tax abatement approval.
Where is this office units located?
The property is located at 2818 PARSONS BLVD Unit CF17 Flushing, NY.
What is the asking price?
The asking price for this property is $947,800.
What are key features of this property?
This property features: Commercial units approved for ICAP 20‑year tax abatement; Approximately 33,000 SF total available commercial space; Ceiling heights range from 13 to 19 ft
