NNN-Leased Office
New
For Sale
$4,300,000
38-08 Union Street Unit #2J, Flushing, NY 11354
A single-tenant lease includes scheduled increases and a renewal option.
Property SizeContact for details
Days on Market3
Property Features for 38-08 Union Street Unit #2J
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2014
Listing Agency:
Yaos Realty LLC
(917) 224-5932
Listed By:
Jianfeng Yao (yaosrealty@gmail.com)
(718) 755-6515
Source:
Aguilarteamsellsny
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 9 at 7:11PM
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 Yaos Realty LLC
Investment Insights
Based on property information with market context.
This Class A office condominium comprises doors 2J and 2J-A, with 3,866 rentable square feet and 2,951 usable square feet. The space is fully leased to a healthcare-services tenant under a triple-net structure, with annual rent increases and a five-year renewal option. The lease runs through December 31, 2028, and the property has a 6.68% cap rate. A 25-year real estate tax abatement began in 2019, per the owner.
The condominium is in the Flushing Commons mixed-use development, which totals 1.8 million square feet. Building features include 24-hour security, concierge service, high-speed elevators and an on-site public parking garage. The Flushing-Main Street 7 train, LIRR and bus service are nearby.
The condominium is in the Flushing Commons mixed-use development, which totals 1.8 million square feet. Building features include 24-hour security, concierge service, high-speed elevators and an on-site public parking garage. The Flushing-Main Street 7 train, LIRR and bus service are nearby.
Key Highlights
- 3,866 rentable SF and 2,951 usable SF
- 100% leased to a healthcare‑services tenant on a triple‑net basis
- Lease through 12/31/2028, with a 5‑year renewal option to 12/31/2033
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,358
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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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - A single-tenant lease includes scheduled increases and a renewal option.
Where is this office units located?
The property is located at 38-08 Union Street Unit #2J Flushing, NY.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 3,866 rentable SF and 2,951 usable SF; 100% leased to a healthcare‑services tenant on a triple‑net basis; Lease through 12/31/2028, with a 5‑year renewal option to 12/31/2033
