Corner Office Unit with Glass
3907 Prince Street Unit 4B, Flushing, NY 11354
For Sale
$1,600,000
The corner suite is suited to professional office or medical clinic use.
Property Size1,843 SF
Price / SF$868.15
Days on Market17
Property Features for 3907 Prince Street Unit 4B
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Public Transit
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Listing Agency:
Selected First Realty Corp
Listed By:
Long Yinn Liau
(516) 779-6425
Source:
Barbieliteam
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 12:45PM
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 Selected First Realty Corp
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Investment Insights
Based on property information with market context.
This 1,843-square-foot office unit occupies a corner position in the Prince Center. Glass walls on two sides bring natural light into the space. The property is offered for professional office or medical clinic use.
Prince Street in Flushing provides access to multiple transit options: the subway is a 2-minute walk away, the LIRR is 3 minutes away on foot, and more than 20 bus lines serve the area.
Prince Street in Flushing provides access to multiple transit options: the subway is a 2-minute walk away, the LIRR is 3 minutes away on foot, and more than 20 bus lines serve the area.
Key Highlights
- 1,843‑square‑foot corner office unit in the Prince Center
- Glass walls on two sides
- 2‑minute walk to the subway and 3‑minute walk to the LIRR
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,679
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,580
$1.2M
Cap Rate 7%
$866,843
$866.8K
Cap Rate 9%
$674,211
$674.2K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$92.9K $50.40/SF
− Vacancy
−$12.0K −$6.50/SF
EGI
$80.9K $43.90/SF
− OpEx
−$20.2K −$10.97/SF
NOI
$60.7K $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%
$1,213,580
Cap Rate 7%
$866,843
Cap Rate 9%
$674,211
Alternative Uses
Best Use
Office B
$866.8K
$758.5K – $1.01M
NOI $60,679 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,108 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,915
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
$521,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Flushing, NY
Properties on Market for Office Units in Flushing
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The corner suite is suited to professional office or medical clinic use.
Where is this office unit located?
The property is located at 3907 Prince Street Unit 4B Flushing, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 1,843‑square‑foot corner office unit in the Prince Center; Glass walls on two sides; 2‑minute walk to the subway and 3‑minute walk to the LIRR
