Mixed-Use Medical Office and
4010 Forley Street Elmhurst, NY 11373
For Sale
$1,897,000
COMMERCIAL - Elmhurst, NY
Property Size3,060 SF
Lot Size0.05 Acres
Price / SF$619.93
Days on Market13
Property Features for 4010 Forley Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,060 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 38172
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 3
Listing Agency:
NY SUPERIOR REALTY
(718) 205-7770
Listed By:
Nora Avalos
Added: Jul 14
Changed: Jul 21
Last Checked: Jul 26 at 11:06AM
MLS# 11885517
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.
This three-story solid brick mixed-use property includes a first-floor medical office, a second-floor office, and a third-floor three-bedroom apartment. The second-floor office is described as deliverable vacant, and the third-floor apartment can be delivered vacant, supporting flexible owner-user or investment use. The building also includes two front parking spaces.
The property is located in Elmhurst, Queens, a few blocks from Roosevelt Avenue. Public transit access is noted near the 7 train and Q32 and Q29 bus lines.
Estimated market rents are provided for each space: $5,000/month for the first-floor medical office, $4,000/month for the second-floor office, and $3,500/month for the third-floor apartment, for approximately $150,000 annual gross potential. Actual yearly expenses are listed as $52,872.
The property is located in Elmhurst, Queens, a few blocks from Roosevelt Avenue. Public transit access is noted near the 7 train and Q32 and Q29 bus lines.
Estimated market rents are provided for each space: $5,000/month for the first-floor medical office, $4,000/month for the second-floor office, and $3,500/month for the third-floor apartment, for approximately $150,000 annual gross potential. Actual yearly expenses are listed as $52,872.
Key Highlights
- Mixed‑use brick building (built 1955) with medical office on the first floor, office on the second floor, and a 3‑bedroom apartment on the third floor.
- Second‑floor office will be delivered vacant; third‑floor 3‑bedroom apartment can be delivered vacant for flexible owner‑user or tenant use.
- Estimated market rents: first‑floor medical office $5,000/mo, second‑floor office $4,000/mo, and third‑floor apartment $3,500/mo (about $150,000 annual gross potential).
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 | $154.2k | $50.40 |
| − Vacancy | −$19.9k | −$6.50 |
| EGI | $134.3k | $43.90 |
| − OpEx | −$33.6k | −$10.97 |
| NOI | $100.7k | $32.92 |
3,060 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,747 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$1.07M
$935.0K – $1.25M
NOI $74,800 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,911 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Three-story brick building offers a first-floor medical office, second-floor office, and third-floor three-bedroom apartment plus two front parking spaces.
Where is this medical office space located?
The property is located at 4010 Forley Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,897,000.
What are key features of this property?
This property features: Mixed‑use brick building (built 1955) with medical office on the first floor, office on the second floor, and a 3‑bedroom apartment on the third floor.; Second‑floor office will be delivered vacant; third‑floor 3‑bedroom apartment can be delivered vacant for flexible owner‑user or tenant use.; Estimated market rents: first‑floor medical office $5,000/mo, second‑floor office $4,000/mo, and third‑floor apartment $3,500/mo (about $150,000 annual gross potential).
