Lower-Level Office
3445 Leavitt Street #CC Flushing, NY 11354
For Sale
$620,000
Lower-level office suite with separate outside entrance and reception area, two offices, and a half bath.
Days on Market222
Property Features for 3445 Leavitt Street #CC
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1987
Listing Agency:
United Real Estate Fortune
(646) 639-2110
Listed By:
Sew L. Ang
(646) 639-2110
Source:
Cohenandcohenrealty
Added: Dec 20, 2025
Changed: Jul 26
Last Checked: Jul 29 at 1:12PM
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 United Real Estate Fortune
Investment Insights
Based on property information with market context.
This offering is for a lower-level office suite consisting of a waiting/reception area and two rooms designated as offices, along with a half bath. The unit includes a separate outside entrance, and it is currently used as a combined school/office space.
The property is located one block north of Northern Blvd, with easy access to nearby subway and bus service.
Unit CC is available for sale, and the adjacent units CA and CB can also be sold as a package.
The property is located one block north of Northern Blvd, with easy access to nearby subway and bus service.
Unit CC is available for sale, and the adjacent units CA and CB can also be sold as a package.
Key Highlights
- Lower‑level office suite in a building built in 1987
- Three‑unit office offering; Unit Cc is available (Units Ca and Cb can be sold as a package)
- Separate outside entrance
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 | $30.0k | $50.40 |
| − Vacancy | −$3.9k | −$6.50 |
| EGI | $26.1k | $43.90 |
| − OpEx | −$6.5k | −$10.97 |
| NOI | $19.6k | $32.92 |
595 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$279.9K
$244.9K – $326.5K
NOI $19,590 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.6K
$383.8K – $511.8K
NOI $30,705 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Lower-level office suite with separate outside entrance and reception area, two offices, and a half bath.
Where is this office units located?
The property is located at 3445 Leavitt Street #CC Flushing, NY.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Lower‑level office suite in a building built in 1987; Three‑unit office offering; Unit Cc is available (Units Ca and Cb can be sold as a package); Separate outside entrance
