Michael Ferrara

38-08 Union Street , Unit 2J, Flushing, NY 11354

$4,300,000
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Michael Ferrara
Call: (718) 704-8907
Text: (718) 704-8907

New to the Market
MLS#1060445
STATUSActive PROPERTY TYPECommercial - Office SCHOOLQueens 25
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Property Description

Leased Class A office condominium investment at Flushing Commons, 38-08 Union Street, Unit 2J (doors 2J and 2J-A), Flushing. 3,866 rentable SF / 2,951 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. $287,101 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 2E and 2K in the same building. Financial package available upon execution of a confidentiality agreement. Tenant occupied; 24-hour notice required for showings.

38-08 Union Street , Unit 2J | MLS# 1060445

This commercial property located at 38-08 Union Street , Unit 2J, Flushing, NY 11354 is currently listed for sale with an asking price of $4,300,000. 38-08 Union Street , Unit 2J is located within the Queens 25 school district. Search Flushing real estate on michaelferrara.laffey.com today.

Property Features

Property Type: Commercial - Office
Cooling: Central Air
Heating: Hot Air
Taxes: $15,089
Year Built: 2014

Feature Descriptions

Building Area Total: 3866
Business Type: Professional/Office
Exterior: Other
On Market Date: 2026-10-08
Parcel Number: 04978-1313
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Electricity Connected, Water Connected
Water: Public

Local Schools

School District: Queens 25

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Preferred Communication Method

Listed By / Shown By

Listing By

Agency Name: Yaos Realty LLC
Agency Contact: 347-630-8888

Shown By

Agent Name: Michael Ferrara
Agent Phone: (718) 704-8907
Agency Title: Laffey Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 10/09/2026. The listing information on this page last changed on 10/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 10/09/2026 12:01:49 AM EST) or OneKey MLS (last updated Thu 10/08/2026 11:53:25 PM EST). Real estate listings held by brokerage firms other than Laffey Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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