142-01 37th Avenue, Flushing, NY 11354

$3,200,000

Built in 1982 with great Union street intersection & sign visibility, foot and 9k+ car traffic daily. Five units on three floors with a commercial cellar for a total of around 7,000 square feet and a private driveway. Around 1,750 sq ft on each floor including the cellar… Read More which has a separate 36-47 Union street side entrance and stairs. Three vacant commercial units totaling 5,250 sq ft suitable for medical, offices, retail, community facilities such as schools, day care, senior center, houses of worship, seminaries and non for profit which can be combined to diversify and hedge risk (please consult with an architect). Two 875 sq ft one bedroom apartments each rented for $1,800+ electric on the third floor with a separate street side entrance and stairs. (Conservative proforma with full occupancy: potential yearly rental income $260k+, yearly net income $200k+ @ 6.2% cap) Yearly real estate taxes $43,675. New sprinkler system installed for $48k. Building class K4 - Retail w/ other uses. Corner lot size 1,930 sq ft. Please do not disturb tenants. Flushing Korea & China town (largest and fastest growing outside of Asia) is a harmonious cultural center with a vibrant commercial and medical district. Commuter, walker and food lover paradise next to the Q13, Q16, Q28 buses, Paris baguette, Koryodang bakery, KW supermarket, authentic ethnic restaurants like Haidilao huoguo, Liuyishou & Happy lamb hotpot, Yspace bbq, Kimganae, Bunsik korean, Gan hoo bbq, San soo kap san, Union sushi, cafes, shops, salons, spas, Verizon, Anthem Blue cross blue shield, Guoyitang chinese medicine, EC dental group, Flushing oral surgery, Main street radiology, Charles B. Wang community health center, family owned pharmacies, banks, Bowne street playground, police station, houses of worship, Flushing Commons medical offices and the massive adjacent parking lot. Several blocks to Main street & Roosevelt avenue transit hub (third busiest pedestrian intersection in New York City!) with 7 train, LIRR Main street (25 minutes to Manhattan Grand central station), N20G, N20X, Q12, Q13, Q15/A, Q16, Q17, Q19, Q20A/B, Q25, Q26, Q27, Q28, Q34, Q44, Q48 (LGA in 22 minutes), Q50, Q58, Q65, Q66, and QM3 buses. Major junction of Northern blvd, Van Wyck, Whitestone expressways, Grand Central parkway and marinas. 10 minute non rush hour drive to Laguardia airport and 20 mins to JFK airport! Near Starbucks, Bubble tea, Tai Pan bakery, Spring Shabu Shabu at Queens Crossing, Hmart and other family owned groceries, Target & BJ's at Skyview Mall, Macy's, UPS, NY Life, Chase, TD bank, Westin LGA hotel, Sheraton LGA, Marriot Renaissance, Ramada Wyndam hotel, Northwell health, NY Presbyterian & Flushing hospital medical center and fire station. World renowned Michelin approved restaurants like Asian Jewels, Nan Xiang soup dumplings, Jiang Nan Chinese Fusion, DaXi Sichuan, Tong Sam Gyup Goo Yi, Legend of Taste and highly regarded such as Gyu Kaku Japanese smokeless bbq, Izakaya Nana and Kaizen. Read Less

Listing Courtesy of Hanmi Realty, 718-961-8801

Listing Snapshot

Days Online

131

Last Updated

Jul 20, 2025

Property Type

Office

Lot Size

0.04 Acres

Year Built

1982

MLS Number

833693

30 Days Snapshot Of 11354

$558k

-9%

(avg) sold price

-60%

homes sold

161

-19%

(avg) days on market

Snapshot

Area Map

Additional Details

Basement

Description: "Full"

Building

Building Area: 7000, Construction Materials: "Brick", Stories: 5, Year Built: 1982

Cooling

Details: "Wall/Window Unit(s)"

Heating

Heating: "Natural Gas"

Lot

Acres: 0.0442, Size: 1925

Parking

Parking Total: 2

Property

Zoning: R6

Utilities

Sewer: "Public Sewer", Water Source: "Public", Utilities: "Electricity Connected", "Natural Gas Connected", "Sewer Connected", "Water Connected"

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