Office Unit with Private
For Sale
Contact for pricing
90-05 37th, New York, NY 11372
A first-floor workspace offers natural light and a layout that can be divided into three offices.
Property Size600 SF
Price / SF$2.33
Days on Market25
Property Features for 90-05 37th
General Information
Standard status
Active
Size
600 SF
Property subtype
Business
Site & Location
Neighborhood
Midtown Manhattan
Public Transit
Yes
Additional Details
Floor
First Floor
Property Use
Office
Amenities
abundant natural light
central heating and air conditioning
private restroom
Listing Agency:
Best Solutions Realty Inc
(718) 406-9325
Listed By:
Edwin Murillo · License #10401375263
(347) 422-1360
Source:
Neilcharlesrealestate
Added: Oct 7
Changed: Oct 30
Last Checked: Oct 30 at 1:57AM
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 Best Solutions Realty Inc
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 600-square-foot office unit occupies the first floor and has a flexible interior that can be arranged as three separate offices. Natural light, central heating and air conditioning, and a private restroom are included in the space.
The property is in Jackson Heights, within one block of public transportation.
The property is in Jackson Heights, within one block of public transportation.
Key Highlights
- 600‑square‑foot first‑floor office unit
- Layout can be arranged as three separate offices
- Private restroom and central heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,788
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,760
$375.8K
Cap Rate 7%
$268,400
$268.4K
Cap Rate 9%
$208,756
$208.8K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$30.9K $51.48/SF
− Vacancy
−$5.8K −$9.73/SF
EGI
$25.1K $41.75/SF
− OpEx
−$6.3K −$10.44/SF
NOI
$18.8K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,760
Cap Rate 7%
$268,400
Cap Rate 9%
$208,756
Alternative Uses
Best Use
Office B
$268.4K
$234.9K – $313.1K
NOI $18,788 @ 7.0% cap · market cap 1,342.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,544 @ 7.0% cap · market cap 7,467.43%
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
95,867
Businesses Nearby
Explore this area
Business Placement
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A first-floor workspace offers natural light and a layout that can be divided into three offices.
Where is this office unit located?
The property is located at 90-05 37th New York, NY.
What are key features of this property?
This property features: 600‑square‑foot first‑floor office unit; Layout can be arranged as three separate offices; Private restroom and central heating and air conditioning
