Ground Floor Medical Office
38-34 Parsons Boulevard #CF2/1B Flushing, NY 11354
38-34 Parsons Boulevard #CF2/1B, Flushing, NY, 11354
$1,900,000
For Sale
$1,900,000
Street-level medical office condo with reception, four exam rooms, offices, two bathrooms, and storage, plus deeded parking.
Property Size2,200 SF
Price / SF$863.64
Days on Market160
Property Features for 38-34 Parsons Boulevard #CF2/1B
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing agency
Meerae Realty Corp
(646) 785-1001
Listed by
Daniel J. Park CBR
(646) 785-1001
Source
Cohenandcohenrealty
Added: Feb 12 Updated: Jul 22 at 9:34AM Checked: Jul 22 at 9:34AM
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 Meerae Realty Corp
Investment Insights
Based on property information with market context.
This ground-floor commercial condominium offers approximately 2,200 square feet and is currently set up as a medical office. The layout includes a reception area, four exam rooms, two offices, two bathrooms, and a storage room. The unit is located at street level for straightforward patient and client access.
The property is positioned in downtown Flushing on Parsons Boulevard and Roosevelt Avenue.
Also included are two deeded parking spaces, which can be sold separately.
The property is positioned in downtown Flushing on Parsons Boulevard and Roosevelt Avenue.
Also included are two deeded parking spaces, which can be sold separately.
Key Highlights
- 2200 SF street‑level commercial condominium (Year built 2008)
- Medical office layout with reception area, 4 exam rooms, 2 offices, 2 bathrooms, and storage room
- Located on Parsons Blvd & Roosevelt Ave in downtown
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 | $110.9k | $50.40 |
| − Vacancy | −$14.3k | −$6.50 |
| EGI | $96.6k | $43.90 |
| − OpEx | −$24.1k | −$10.97 |
| NOI | $72.4k | $32.92 |
2,200 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$905.4K – $1.21M
NOI $72,432 @ 7.0% cap · market cap 3.81%
Second Best
Healthcare Medical
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nam Hee Om
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Veterinary Care Group - Whitestone — 14938 14th Ave, Whitestone, NY 11357
FAQs
What type of property is this?
Medical Office Space - Street-level medical office condo with reception, four exam rooms, offices, two bathrooms, and storage, plus deeded parking.
Where is this medical office space located?
The property is located at 38-34 Parsons Boulevard #CF2/1B Flushing, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 2200 SF street‑level commercial condominium (Year built 2008); Medical office layout with reception area, 4 exam rooms, 2 offices, 2 bathrooms, and storage room; Located on Parsons Blvd & Roosevelt Ave in downtown
