37-03 92nd St 2nd Floor Flushing, NY 11372

Listing Agency: FIND Real Estate

Listed By: Harry Zikos · License #10301208717

Source: Crexi

Added: Apr 10 Changed: Jul 23 Last Checked: Jul 23 at 7:16AM

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Investment Insights

Based on property information with market context.

This offering is for a 2nd-floor commercial unit held as a Tenant In Common (TIC) ownership interest in the building, representing 30% total ownership with exclusive rights to the income and control of the 2nd-floor space, which can be converted to condo. The newly developed building completed construction in early 2015 and includes a 15-year ICAP Tax Abatement.

The space is leased to Home Family Care, a medical tenant providing home care attendant agency services in Brooklyn and Queens markets. The lease term is described as a 5-year lease with a 5-year option to renew, expiring March 31, 2020, and includes scheduled annual increases (please inquire for more details on the lease schedule).

The 2nd-floor unit is delivered with handicapped accessibility and an elevator, along with high ceilings, oversized windows, outdoor space, and skylights. The property also notes tenant-side capital improvements.

Key Highlights

• Transfer of a Tenant In Common stake for 30% ownership of the building, with exclusive rights to income and control of the 2nd floor space
• 2nd‑floor medical office space with elevator access and handicapped accessibility
• Leased to Home Family Care (home care attendant agency services) under a 5‑year lease with a 5‑year option; lease expires March 31, 2020

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FAQs

What type of property is this?

Office units - Second-floor medical office unit with elevator access and handicap accessibility, leased to Home Family Care under a 5-year term.

Where is this office units located?

The property is located at 37-03 92nd St 2nd Floor Flushing, NY.

What are key features of this property?

This property features: Transfer of a Tenant In Common stake for 30% ownership of the building, with exclusive rights to income and control of the 2nd floor space; 2nd‑floor medical office space with elevator access and handicapped accessibility; Leased to Home Family Care (home care attendant agency services) under a 5‑year lease with a 5‑year option; lease expires March 31, 2020