Corner Office
New
For Sale
$1,600,000
4b-3907 Prince St, Flushing, NY 11354
Glass-walled space in the Prince Center offers access to subway, rail, and bus service.
Property Size1,843 SF
Price / SF$868.15
Days on Market7
Property Features for 4b-3907 Prince St
General Information
Standard status
Active
Size
1,843 SF
Additional Details
Public Transit
Yes
Property Use
Professional Office
Taxes and HOA fees
Annual Taxes
$19,147
Listing Agency:
Selected First Realty Corp
(718) 461-2511
Listed By:
Long Yinn Liau
(516) 779-6425
Source:
Exprealty
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 28 at 3:02PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,843-square-foot office unit occupies a corner position in the Prince Center, with two glass walls. The space is identified as suitable for professional office or medical clinic use.
Subway service is a 2-minute walk away, and the LIRR is a 3-minute walk from the building. More than 20 bus lines serve the area.
Subway service is a 2-minute walk away, and the LIRR is a 3-minute walk from the building. More than 20 bus lines serve the area.
Key Highlights
- 1,843‑square‑foot corner office unit
- Two glass walls
- Located in the Prince Center office building
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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Glass-walled space in the Prince Center offers access to subway, rail, and bus service.
Where is this office unit located?
The property is located at 4b-3907 Prince St 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; Two glass walls; Located in the Prince Center office building
