$2,660,000
( $1112.04Per Sq Foot )
 $14,279 est/mo Sourced by Back At You

38-08 Union Street 2e,Flushing, NY 11354

Flushing, NY 11354

Share:

PreviousNext

Description

Leased Class A office condominium investment at Flushing Commons, 38-08 Union Street, Unit 2E, Flushing. 2,392 rentable SF / 1,826 usable SF, 100% leased on a triple-net basis to an established healthcare-services tenant; tenant pays real estate taxes, insurance and operating expenses. Current annual NNN rent approx. $177,637 with 3% annual increases, a 6.68% cap rate at the asking price. Lease runs through 12/31/2028 with a 5-year renewal option to 12/31/2033. 25-year real estate tax abatement commencing 2019 (per owner). Class A office building within the 1.8M SF Flushing Commons mixed-use development, with 24/7 security and concierge, high-speed elevators and an on-site public parking garage, steps from the Flushing-Main St 7 train, LIRR and buses. Also available: Units 2J and 2K in the same building. Financial package available upon execution of a confidentiality agreement. Tenant occupied; 24-hour notice required for showings.

Details

MLS #1060438
Listing TypeFor Sale
StyleOffice
Building NameFlushing Commons
Sub-TypeResale
StatusActive
Year2014
Days On Site15
Listing Provided ByYaos Realty LLC | Jianfeng Yao

Features

SQ Feet2,392

Interior

CoolingCentral Air
HeatingHot Air

Exterior

Construction MaterialsOther
Foundation DetailsOther

Utilities

UtilitiesElectricity Connected, Water Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Assessed Value228165
Tax Annual Amount9336.92
Tax Lot1308

Area Information

StateNY
CountyQueens
CityFlushing
Zip Code11354
Listing VS Median (in 11354)
Price:
$2,660,000
low | high
Med:
$709,000
100% of Average
sqft:
2,392
low | high
Med:
797
100% of Average
$ / sqft:
$1,112
low | high
Med:
$894
69.586500377192% of Average
On site:
15
low | high
Med:
92.5
16.216216216216% of Average
Sourced by Back At You

Market Activity 11354

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from John J Lease Realtors at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey® MLS

Contact

Learn More About This Property

Newburgh Office

Newburgh Office

 (845) 565-2800info@johnjleaserealtors.com
StateNY
CountyQueens
CityFlushing
Zip Code11354
Listing VS Median (in 11354)
Price:
$2,660,000
low | high
Med:
$709,000
100% of Average
sqft:
2,392
low | high
Med:
797
100% of Average
$ / sqft:
$1,112
low | high
Med:
$894
69.586500377192% of Average
On site:
15
low | high
Med:
92.5
16.216216216216% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.995M - $3.325M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
138-35 39th Avenue 17H Property Photo 1
$2,139,000
138-35 39th Avenue 17h
Flushing, NY 11354
Listing Updated: October 9, 2026 at 2:50:30 AM PDT
Real Estate Links Our Domains