Rego Park Office Investment
92-29 Queens Boulevard Rego Park, NY 11374
For Sale
$450,000
SINGLE_FAMILY - Rego Park, NY
Property Size1,000 SF
Price / SF$450
Days on Market78
Property Features for 92-29 Queens Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- R7
- Standard status
- Active
- APN
- 020751079
- Size
- 1,000 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7912
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1987
- Building materials
- Block, Brick
Listing Agency:
E Z Sell Realty
(718) 396-6666
Listed By:
Igor Rafailov · License #31RA1009124
(718) 396-6666
Added: May 11
Changed: May 12
Last Checked: Jul 27 at 9:06AM
MLS# 997708
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.
Investment Insights
Based on property information with market context.
This 1,000 square foot multi-room office space is located in the heart of Rego Park, New York. The property is suitable for medical or administrative uses, such as a CPA, management office, law office, or insurance agency. Situated near all public transportation and major highways, the location benefits from high pedestrian and vehicle traffic. The property is one block from the M & R Train and a 5-minute walk to Queens Center Mall. The zoning is R7.
Key Highlights
- Prime location in the heart of Rego Park
- Close proximity to M & R Train (one block)
- 5‑minute walk to Queens Center Mall
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 | $50.4k | $50.40 |
| − Vacancy | −$6.5k | −$6.50 |
| EGI | $43.9k | $43.90 |
| − OpEx | −$11.0k | −$10.97 |
| NOI | $32.9k | $32.92 |
1,000 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$470.3K
$411.6K – $548.7K
NOI $32,924 @ 7.0% cap · market cap 7.32%
Second Best
Healthcare Medical
$329.4K
$288.2K – $384.3K
NOI $23,058 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$737.2K
$645.1K – $860.1K
NOI $51,605 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Innovative Urology Practice ...
Physician
Victoria Bellot, MD
Physician
Madinails NYC
Hair Salon
Queens Medical Weight ...
Weight Loss Service
Dieta place
Physician
Similar Off Market Nearby
- Kantibhai Patel - Queens Animal Hospital — 4028 58th St, Queens, NY 11377
- Queens Animal Hospital — 4028 58th St, Queens, NY 11377
- Skillman Animal Clinic — 45-12 Skillman Ave, Queens, NY 11104
- The Sunnyside Pet Healthcare & Dental Center — 47-04 Greenpoint Ave, Queens, NY 11104
FAQs
What type of property is this?
Medical Office Space - 1,000 SF office space in prime Rego Park location.
Where is this medical office space located?
The property is located at 92-29 Queens Boulevard Rego Park, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location in the heart of Rego Park; Close proximity to M & R Train (one block); 5‑minute walk to Queens Center Mall
