Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    69-40 Yellowstone Blvd, Unit 10 Forest Hills, NY 11375

    Sponsored
    For Sale
    $398,000

    SINGLE_FAMILY - Forest Hills, NY

    Type:Office
    Days on Market:
    1
    Last Refresh:
    Feb 6 at 2:06 am

    Property Features for 69-40 Yellowstone Blvd

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Flooring type
    Combination, Carpet, Laminate
    Building materials
    Brick

    We can help!

    Listing Contact
    Olga Mayayeva GRI SRS CBR
    Olga Mayayeva GRI SRS CBR

    eXp Realty (888) 276-0630

    Listing agent Olga Mayayeva GRI SRS CBR (718) 781-3074

    Listing date Feb 6, 2026

    MLS# 845479

    Copyright © 2026 OneKey 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

    Turnkey Medical Office in Forest Hills

    This professional office is available for sale in Forest Hills, situated on the ground level of a cooperative building. Currently configured as a dental practice, the office features a private street-level entrance. The interior includes a generously sized waiting and reception area, four fully-equipped exam rooms, two bathrooms, and a dedicated storage area. The monthly maintenance fee is $2,627, covering real estate taxes and heat, with electricity billed separately. The location provides accessibility for patients and staff, being steps from the express subway, LIRR station, major bus lines, and a shopping district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Michael L. ... Dental Office

    Suggested Use

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

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

    Similar Places Nearby

    UThai, Vet In Queens/USDA Vet, Petco Vaccination Clinic, Spay Neuter Clinic/Veterinary Surgery, Dog Nest

    Location Insight

    • Map
    • Local Demand
    City
    Forest Hills
    County
    Queens
    State
    New York
    Longitude
    -73.853238
    Latitude
    40.735228

    Nearby Similar for Sale

    • New
      $1,098,000
      1,820 SF

      Well-Maintained Two-Family Home

      Two-family brick home in Forest Hills, close to transportation.
      111-09A 62Nd Dr, Forest Hills, NY 11375
      View Details
    • $1,288,000
      0.06 Acres

      Forest Hills Brick Duplex

      Two-family brick duplex in Forest Hills with finished basement.
      108-34 63Rd Dr, Forest Hills, NY 11375
      View Details
    • $1,498,000
      Pending

      Renovated Two-Family Home, Forest Hills

      Renovated two-family home in Forest Hills with modern amenities.
      10201 62Nd Rd, Forest Hills, NY 11375
      View Details
    • $397,000

      Medical Office Condo on Queens Blvd

      Prime medical office condo near subway and hospital in Forest Hills.
      100-25 Queens Blvd, Forest Hills, NY 11375
      View Details
    • $1,699,000
      Pending

      Forest Hills Multi-Family Home

      Young multi-family home in prime Forest Hills location.
      8810 70Th Rd, Forest Hills, NY 11375
      View Details
    • $1,600,000
      0.11 Acres

      Forest Hills Six-Family Brick Building

      Well-maintained six-family building in desirable Forest Hills neighborhood.
      6361 110Th St, Forest Hills, NY 11375
      View Details
    • $1,299,000
      0.06 Acres

      Renovated Two-Family Home, Forest Hills

      Two-family home in Forest Hills undergoing full renovations.
      91-48 71St Ave, Forest Hills, NY 11375
      View Details
    • $595,000
      860 SF

      Spacious Forest Hills Condo with View

      Bright, renovated 2-bedroom condo with doorman and modern amenities.
      119-45 Union Tpke, Forest Hills, NY 11375
      View Details
    • $1,695,000
      Pending

      Forest Hills Three-Family Home

      Three-family home in Forest Hills with income potential.
      64-05 102Nd St, Forest Hills, NY 11375
      View Details
    • $698,000

      Spacious Condo in Forest Hills

      907 sqft condo with parking, modern amenities, prime location.
      64-05 Yellowstone Blvd, Forest Hills, NY 11375
      View Details
    • $9,000,000
      30,500 SF

      Forest Hills Office/Classroom Building

      Five-story, 30,500 SF building near transportation and amenities.
      11945 Union Tpke, Forest Hills, NY 11375
      View Details
    • $378,000

      Forest Hills Apartment with Skyline Views

      Bright 1-bedroom apartment near Austin Street with Manhattan views.
      107-40 Queens Blvd, Forest Hills, NY 11375
      View Details

    FAQs

    What type of property is this?
    Medical office - Professional medical office for sale in prime Forest Hills location.
    Where is this medical office located?
    The property is located at 69-40 Yellowstone Blvd, Unit 10 Forest Hills, NY.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: - Prime Forest Hills location with exceptional accessibility: steps from express subway, LIRR, and bus lines.; - Turnkey medical/dental office with existing layout: reception area, four exam rooms, two bathrooms, and storage.; - **Private street-level entrance offering maximum convenience and visibility.**
    (718) 781-3074
    Request Owner's contact information
    69-40 Yellowstone Blvd, Unit 10 Forest Hills, NY 11375
    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.
    69-40 Yellowstone Blvd, Unit 10
    Forest Hills, NY 11375
    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
    69-40 Yellowstone Blvd, Unit 10 Forest Hills, NY 11375
    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
    Olga Mayayeva GRI SRS CBR
    Olga Mayayeva GRI SRS CBR
    Real Estate License ID: 10301206644
    (718) 781-3074
    Learn more
    Google sign-in failed. Please try again or use another login method.