Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    213-44 40Th Ave Bayside, NY 11361

    View on Map
    Sponsored
    For Lease
    $3,000 /Mo

    Commercial Lease - Bayside, NY

    Property size:
    1,000 SF
    Days on Market:
    2
    Last Refresh:
    Mar 12 at 6:06 am

    Property Features for 213-44 40Th Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Size
    1,000 SF

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kay Lee

    EAST COAST NEW YORK INC (917) 974-0992

    Listing agent Kay Lee (718) 428-2900

    Listing date Mar 11, 2026

    MLS# 11533528 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Bayside Medical Office Space Available

    This 1,000 sq. ft. medical office space is available for immediate occupancy in the heart of North Bayside, New York. The location provides convenient access to public transportation, including buses and the Long Island Rail Road. The space features a current Certificate of Occupancy for medical use and can be adapted for a dental practice. The office is in excellent, move-in condition and includes three exam rooms, two private offices, a file/storage room, and 1.5 bathrooms. Additional features include a waiting area, wheelchair accessibility, and one dedicated parking space. This turnkey opportunity is ideal for starting or expanding a medical or dental practice in a highly desirable and accessible North Bayside location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Foley Robert DVM, Premier Veterinary Medical Group - Bayside, Bayside Veterinary Center, Ferber Michael DVM

    Location Insight

    • Map
    • Local Demand
    City
    Bayside
    County
    Queens
    State
    New York
    Longitude
    -73.770608
    Latitude
    40.764141

    Nearby Similar for Lease

    • $8,500 /Mo

      Versatile Commercial Space in Bayside

      Turnkey retail or professional space with private rooms and basement.
      202-28 45Th Ave, Bayside, NY 11361
      View Details
    • $3,400 /Mo
      1,751 SF

      Bayside Commercial Space For Rent

      Spacious Bayside commercial space suitable for various uses.
      61-12 220 St Unit, Bayside, NY 11364
      View Details
    • $5,000 /Mo
      1,100 SF

      Bayside Office Space For Rent

      Office space available in Bayside, includes utilities and parking.
      218-14 Northern Blvd, Bayside, NY 11361
      View Details
    • $5,100 /Mo
      1,639 SF

      Bayside Office Space Available

      Sun-filled Bayside office space with private offices and conference rooms.
      213-33 39Th Ave, Bayside, NY 11361
      View Details
    • $4,100 /Mo
      920 SF

      Bayside Office Space For Rent

      Office space in a new condo building in Bayside, NY.
      214-11 35Th Ave, Bayside, NY 11361
      View Details
    • $2,600 /Mo
      729 SF

      New Office Space in Bayside

      Newly constructed office space with convenient transportation and indoor parking.
      214-11 35Th Ave, Bayside, NY 11361
      View Details
    • $3,400 /Mo
      1,065 SF

      Bayside Office Space For Rent

      Office space in new condo building, convenient Bayside location.
      214-11 35Th Ave, Bayside, NY 11361
      View Details
    • $5,900 /Mo
      1,700 SF

      Bayside Retail/Office Space Available

      Newly constructed retail/office space in Bayside, near Northern Blvd.
      4512 211Th St, Bayside, NY 11361
      View Details
    • Contact for pricing
      1,550 SF

      Queens Retail Space For Lease

      Premier lifestyle shopping center with extensive renovations and ample parking.
      21115-21209 26Th Ave, Bayside, NY 11360
      View Details
    • $5,000 /Mo

      Bayside Office Space For Rent

      Office space available in a well-maintained building; utilities included.
      218 Northern Boulevard, Bayside, NY 11361
      View Details
    • $5,100 /Mo

      Bayside Business Building Office/Retail Space

      Office/Retail space available in excellent Bayside business building.
      218 Northern Boulevard, Bayside, NY 11361
      View Details
    • $5,100 /Mo
      19,998 SF

      Bayside Commercial Space For Rent

      Commercial space available for rent in Bayside, New York.
      218-14 Northern Boulevard, Bayside, NY 11361
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime Bayside medical office space for lease, ready for occupancy.
    Where is this medical office space located?
    The property is located at 213-44 40Th Ave Bayside, NY.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: - Prime North Bayside location on Bell Blvd & 40th Ave with easy access to public transportation.; - 1,000 sq. ft. medical space available for immediate occupancy.; - Current Certificate of Occupancy for medical use; easily adaptable for dental practice.
    (917) 647-1392
    Request Owner's contact information
    213-44 40Th Ave Bayside, NY 11361
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    213-44 40Th Ave
    Bayside, NY 11361
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    213-44 40Th Ave Bayside, NY 11361
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kay Lee
    (917) 647-1392 (718) 428-2900 (718) 428-6888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!