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Executive Summary

Prime commercial opportunity in the heart of Downtown Flushing at 38-20 Parsons Blvd. Community Facility units are located in a newly developed mixed-use building with residential units that are substantially sold out and occupied, providing a strong built-in customer base. Situated in one of Queens' fastest-growing neighborhoods, the property offers excellent visibility, convenient access to public transportation, major roadways, shopping, restaurants, medical offices, and other neighborhood amenities. Commercial units are approved for the ICAP 25-Year Tax Abatement. Ceiling heights range from approximately 13 to 19 feet, creating flexible possibilities for a variety of community facility uses, including medical, dental, educational, daycare, and professional services. Buyers may combine adjacent units with the appropriate approvals and permits. Approximately 33,000 SF of commercial space is available. Rooftop commercial use is subject to future management determination. An outstanding opportunity for both owner-users and investors in one of Flushing's premier mixed-use developments.

6 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit CF
  • 30,000 SF
  • Office/Medical
  • Upon Request
  • -
Sale Type Investment or Owner User
  • Unit CF2
  • 2,683 SF
  • Office/Medical
  • $4,197,516 CAD ($1,564.49 CAD/SF)
  • -
Sale Type Investment or Owner User
  • Unit CF3
  • 1,740 SF
  • Office/Medical
  • $2,722,206 CAD ($1,564.49 CAD/SF)
  • -
Sale Type Investment or Owner User
  • Unit CF11
  • 2,588 SF
  • Office/Medical
  • $3,582,673 CAD ($1,384.34 CAD/SF)
  • -
Sale Type Investment or Owner User
Description
Brand new construction, community facility office for sale. One of Flushing's newest development at prime location, suitable for all kinds of professional offices.
Sale Notes
Prime location, don't not miss! Great location at downtown Flushing. Commercial Units Approved for ICAP 20-Year Tax Abatement. If buyers wish to combine two units by removing a wall, they will need to apply for a permit. Total available space is about 33000 sqft. Rooftop space designated for commercial use will be determined by the management at a later time. The ceiling height of the commercial units ranges from 13 to 19 feet.
  • Unit CF16
  • 1,302 SF
  • Office/Medical
  • $1,666,604 CAD ($1,280.03 CAD/SF)
  • -
Sale Type Investment or Owner User
Description
Brand new construction, community facility office for sale. One of Flushing's newest developments at prime location, suitable for all kinds of professional offices. We have at least 80 parking spots for Commerical
Sale Notes
Prime location, don't not miss! Great location at downtown Flushing. Commercial Units Approved for ICAP 20-Year Tax Abatement. If buyers wish to combine two units by removing a wall, they will need to apply for a permit. Total available space is about 33000 sqft. Rooftop space designated for commercial use will be determined by the management at a later time. The ceiling height of the commercial units ranges from 13 to 19 feet.
  • Unit CF17
  • 1,354 SF
  • Office/Medical
  • $1,733,166 CAD ($1,280.03 CAD/SF)
  • -
Sale Type Investment or Owner User
Description
Brand new construction, community facility office for sale. One of Flushing's newest development at prime location, suitable for all kinds of professional offices.
Sale Notes
Prime location, don't not miss! Great location at downtown Flushing. Commercial Units Approved for ICAP 20-Year Tax Abatement. If buyers wish to combine two units by removing a wall, they will need to apply for a permit. Total available space is about 33000 sqft. Rooftop space designated for commercial use will be determined by the management at a later time. The ceiling height of the commercial units ranges from 13 to 19 feet.
Unit Unit Size Condo Use Price NOI
Unit CF 30,000 SF Office/Medical Upon Request -
Unit CF2 2,683 SF Office/Medical $4,197,516 CAD ($1,564.49 CAD/SF) -
Unit CF3 1,740 SF Office/Medical $2,722,206 CAD ($1,564.49 CAD/SF) -
Unit CF11 2,588 SF Office/Medical $3,582,673 CAD ($1,384.34 CAD/SF) -
Unit CF16 1,302 SF Office/Medical $1,666,604 CAD ($1,280.03 CAD/SF) -
Unit CF17 1,354 SF Office/Medical $1,733,166 CAD ($1,280.03 CAD/SF) -

Unit CF

Unit Size
30,000 SF
Condo Use
Office/Medical
Price
Upon Request
NOI
-

Unit CF2

Unit Size
2,683 SF
Condo Use
Office/Medical
Price
$4,197,516 CAD ($1,564.49 CAD/SF)
NOI
-

Unit CF3

Unit Size
1,740 SF
Condo Use
Office/Medical
Price
$2,722,206 CAD ($1,564.49 CAD/SF)
NOI
-

Unit CF11

Unit Size
2,588 SF
Condo Use
Office/Medical
Price
$3,582,673 CAD ($1,384.34 CAD/SF)
NOI
-

Unit CF16

Unit Size
1,302 SF
Condo Use
Office/Medical
Price
$1,666,604 CAD ($1,280.03 CAD/SF)
NOI
-

Unit CF17

Unit Size
1,354 SF
Condo Use
Office/Medical
Price
$1,733,166 CAD ($1,280.03 CAD/SF)
NOI
-

Unit CF

Unit Size 30,000 SF
Condo Use Office/Medical
Price Upon Request
NOI -
Sale Type Investment or Owner User

Unit CF2

Unit Size 2,683 SF
Condo Use Office/Medical
Price $4,197,516 CAD ($1,564.49 CAD/SF)
NOI -
Sale Type Investment or Owner User

Unit CF3

Unit Size 1,740 SF
Condo Use Office/Medical
Price $2,722,206 CAD ($1,564.49 CAD/SF)
NOI -
Sale Type Investment or Owner User

Unit CF11

Unit Size 2,588 SF
Condo Use Office/Medical
Price $3,582,673 CAD ($1,384.34 CAD/SF)
NOI -
Sale Type Investment or Owner User
Description
Brand new construction, community facility office for sale. One of Flushing&#39;s newest development at prime location, suitable for all kinds of professional offices.</li></ul>
Sale Notes
Prime location, don&#39;t not miss! Great location at downtown Flushing. Commercial Units Approved for ICAP 20-Year Tax Abatement. If buyers wish to combine two units by removing a wall, they will need to apply for a permit. Total available space is about 33000 sqft. Rooftop space designated for commercial use will be determined by the management at a later time. The ceiling height of the commercial units ranges from 13 to 19 feet.</li></ul>

Unit CF16

Unit Size 1,302 SF
Condo Use Office/Medical
Price $1,666,604 CAD ($1,280.03 CAD/SF)
NOI -
Sale Type Investment or Owner User
Description
Brand new construction, community facility office for sale. One of Flushing&#39;s newest developments at prime location, suitable for all kinds of professional offices. We have at least 80 parking spots for Commerical</li></ul>
Sale Notes
Prime location, don&#39;t not miss! Great location at downtown Flushing. Commercial Units Approved for ICAP 20-Year Tax Abatement. If buyers wish to combine two units by removing a wall, they will need to apply for a permit. Total available space is about 33000 sqft. Rooftop space designated for commercial use will be determined by the management at a later time. The ceiling height of the commercial units ranges from 13 to 19 feet.</li></ul>

Unit CF17

Unit Size 1,354 SF
Condo Use Office/Medical
Price $1,733,166 CAD ($1,280.03 CAD/SF)
NOI -
Sale Type Investment or Owner User
Description
Brand new construction, community facility office for sale. One of Flushing&#39;s newest development at prime location, suitable for all kinds of professional offices.</li></ul>
Sale Notes
Prime location, don&#39;t not miss! Great location at downtown Flushing. Commercial Units Approved for ICAP 20-Year Tax Abatement. If buyers wish to combine two units by removing a wall, they will need to apply for a permit. Total available space is about 33000 sqft. Rooftop space designated for commercial use will be determined by the management at a later time. The ceiling height of the commercial units ranges from 13 to 19 feet.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 238,143 SF
Property Type Multifamily
Property Subtype Apartment
Building Class B
Floors 7
Typical Floor Size 34,020 SF
Year Built 2025
Lot Size 1.00 AC
Zoning R6 - A medium-density residential zoning district in New York City, common in Brooklyn, Queens, and the Bronx, allowing for a mix of building types ranging from row houses to 13-story "tower in the park" developments.

Amenities

Site Amenities

  • 24 Hour Access
  • Laundry Service
  • Storage Space
  • Public Transportation
  • Individual Locking Bedrooms
  • Private Bathroom
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 175 - -
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
  • Listing ID: 33742167

  • Date on Market: 2024-11-04

  • Last Updated:

  • Address: 3820 Parsons Blvd, Flushing, NY 11354

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