Brick Condo Duplex with
118-82 Metropolitan Ave Kew Gardens, NY 11415
For Sale
$975,000
COMMERCIAL - Other - Kew Gardens, NY
Property Size1,500 SF
Price / SF$650
Days on Market32
Property Features for 118-82 Metropolitan Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Laundry Room, Bedroom 1
Standard status
Active
APN
000000-000.000-3322-1002.000
Size
1,500 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14230
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
2002
Floors in Building
2
Flooring type
Hardwood
Architectural style
Other
Listing Agency:
HANMI REALTY
(718) 961-8801
Listed By:
Mi Ryoung Chong
(718) 961-8801
Added: Jun 29
Changed: Jul 27
Last Checked: Jul 30 at 3:06AM
MLS# 11858930
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2002, this well-maintained brick condo duplex unit (#1B) is vacant and offered for sale. The space is described as spacious, sunny, and clean, with an interior layout suited to multiple uses, including medical, office, retail, and residential. Features cited include hardwood floors and fresh paint, a polished wood-paneled lobby, and a large reception lobby or showroom area. The unit also includes a walk-in closet plus additional rooms on the second floor, and a brand-new in-unit Whirlpool washer and dryer.
Renovations described include a complete kitchen with tile flooring and stainless steel appliances, along with updated bathroom vanities, mirrors, lighting, and shower floor tiling. The property also includes an elevator and a parking garage with one space, with additional building amenities including a laundry room, pet-friendly policy, and video security intercom to the lobby. A wheelchair ramp and private street entrance are noted for accessibility.
The Forest Park condominium location is referenced as part of the Kew Gardens commercial center, with bus service connections cited for Q10, QM18, and Q54. The remarks also reference sign visibility at the good Lefferts Blvd intersection, and parking/traffic support from daily car traffic noted in the write-up. Zoning is listed as R7A and C1-3.
Renovations described include a complete kitchen with tile flooring and stainless steel appliances, along with updated bathroom vanities, mirrors, lighting, and shower floor tiling. The property also includes an elevator and a parking garage with one space, with additional building amenities including a laundry room, pet-friendly policy, and video security intercom to the lobby. A wheelchair ramp and private street entrance are noted for accessibility.
The Forest Park condominium location is referenced as part of the Kew Gardens commercial center, with bus service connections cited for Q10, QM18, and Q54. The remarks also reference sign visibility at the good Lefferts Blvd intersection, and parking/traffic support from daily car traffic noted in the write-up. Zoning is listed as R7A and C1-3.
Key Highlights
- Brick condo duplex unit 1B built in 2002, vacant and around 1,500 SF, versatile for medical, office, retail, or residential use
- Two‑way heating with baseboard and natural gas; public water service; hardwood flooring and fresh paint
- Kitchen features Samsung fingerprint‑resistant stainless steel fridge and gas stove/oven with vented microwave; controllable via SmartThings app
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.6k | $50.40 |
| − Vacancy | −$9.8k | −$6.50 |
| EGI | $65.8k | $43.90 |
| − OpEx | −$16.5k | −$10.97 |
| NOI | $49.4k | $32.92 |
1,500 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$705.5K
$617.3K – $823.1K
NOI $49,386 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,407 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Kew Gardens Animal Hospital — 118-27 Metropolitan Ave, Kew Gardens, NY 11415
- Tafreshi Cat Scans — 116-14 Myrtle Ave, Jamaica, NY 11418
Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant 2002-built brick condo duplex with parking, laundry room, and a polished lobby; suitable for medical, office, retail, or residential.
Where is this medical office space located?
The property is located at 118-82 Metropolitan Ave Kew Gardens, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Brick condo duplex unit 1B built in 2002, vacant and around 1,500 SF, versatile for medical, office, retail, or residential use; Two‑way heating with baseboard and natural gas; public water service; hardwood flooring and fresh paint; Kitchen features Samsung fingerprint‑resistant stainless steel fridge and gas stove/oven with vented microwave; controllable via SmartThings app
