Office Unit with ENERGY STAR
For Sale
$618,000
31-38 137th Street Unit 201, Flushing, NY 11354
Established office unit in a 2007-built property with electric service and ENERGY STAR Qualified Equipment.
Property Size1,628 SF
Days on Market164
Property Features for 31-38 137th Street Unit 201
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Office
Building Details
Building Size
1,628 SF
Year Built
2007
Listing Agency:
SpaceMax Realty Inc
Listed By:
Alan Z. Mei
(917) 733-1773
Source:
Barbieliteam
Added: May 15
Changed: Oct 23
Last Checked: Oct 24 at 11:02PM
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 SpaceMax Realty Inc
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Investment Insights
Based on property information with market context.
This office unit is located within a property built in 2007. Interior features include ENERGY STAR Qualified Equipment and electric service identified as “Other.”
The property is located at 31-38 137th Street 201 in Flushing, New York, within Queens County.
The property is located at 31-38 137th Street 201 in Flushing, New York, within Queens County.
Key Highlights
- Office unit at 31‑38 137th Street 201, Flushing, NY 11354
- Property built in 2007
- ENERGY STAR Qualified Equipment and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,600
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,000
$1.1M
Cap Rate 7%
$765,714
$765.7K
Cap Rate 9%
$595,556
$595.6K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$82.1K $50.40/SF
− Vacancy
−$10.6K −$6.50/SF
EGI
$71.5K $43.90/SF
− OpEx
−$17.9K −$10.97/SF
NOI
$53.6K $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%
$1,072,000
Cap Rate 7%
$765,714
Cap Rate 9%
$595,556
Alternative Uses
Best Use
Office B
$765.7K
$670.0K – $893.3K
NOI $53,600 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,013 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,108
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Established office unit in a 2007-built property with electric service and ENERGY STAR Qualified Equipment.
Where is this office unit located?
The property is located at 31-38 137th Street Unit 201 Flushing, NY.
What is the asking price?
The asking price for this property is $618,000.
What are key features of this property?
This property features: Office unit at 31‑38 137th Street 201, Flushing, NY 11354; Property built in 2007; ENERGY STAR Qualified Equipment and electric service
