Ground-Level Medical Office
94-18 59th Avenue Elmhurst, NY 11373
New
94-18 59th Avenue, Elmhurst, NY, 11373
$939,000
For Sale
$939,000
SINGLE_FAMILY - Elmhurst, NY
Property Size1,800 SF
Price / SF$521.67
Days on Market3
Property Features for 94-18 59th Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- On Street
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 22400
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1964
- Number of units
- 1
- Building materials
- Brick
Listing Agency
LAFFEY REAL ESTATE
(516) 625-0944
55 Northern Blvd, Greenvale, NY
Listed by
Armen H. Caprielian
(516) 625-0944
Added: Jul 15 Checked: Jul 17 at 11:06 pm
MLS# 1025964
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 ground-level commercial condo is currently used as a dental practice and has served the community for more than 40 years. The space offers versatile office accommodations totaling over 1,800 square feet and includes two separate entrances to support flexible access and patient flow. The building is a stock cooperative, and current monthly maintenance is $848.00.
Located in Elmhurst, the property is described as being minutes from the subway and multiple bus lines, with the surrounding area comprising a mix of residential and commercial buildings. It is also positioned near Queens Center Mall and Queens Place Mall, which can support visibility and accessibility for day-to-day operations.
For buyers evaluating medical-oriented office space, the property’s established medical use and entry configuration are key practical features to consider, along with the cooperative structure and ongoing maintenance obligation.
Located in Elmhurst, the property is described as being minutes from the subway and multiple bus lines, with the surrounding area comprising a mix of residential and commercial buildings. It is also positioned near Queens Center Mall and Queens Place Mall, which can support visibility and accessibility for day-to-day operations.
For buyers evaluating medical-oriented office space, the property’s established medical use and entry configuration are key practical features to consider, along with the cooperative structure and ongoing maintenance obligation.
Key Highlights
- Ground‑level commercial condo with more than 1,800 sq ft of office space
- Currently operating as a dental practice, serving the community for over 40 years
- Two separate entrances for the unit
Local 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 | $90.7k | $50.40 |
| − Vacancy | −$11.7k | −$6.50 |
| EGI | $79.0k | $43.90 |
| − OpEx | −$19.8k | −$10.97 |
| NOI | $59.3k | $32.92 |
1,800 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$846.6K
$740.8K – $987.7K
NOI $59,263 @ 7.0% cap · market cap 6.31%
Second Best
Healthcare Medical
$592.9K
$518.8K – $691.7K
NOI $41,504 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Patrick Grillo
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- UThai — 63-55 Wetherole St, Queens, NY 11374
- Dr. Helen Tuzio — 79-18 Eliot Ave, Middle Village, NY 11379
- Vet In Queens/USDA Vet — CD, 9229 Queens Blvd, Queens, NY 11374
- Spay Neuter Clinic/Veterinary Surgery — 9229 Queens Blvd, Queens, NY 11374
- Forest Hills Cat Hospital — 79-18 Eliot Ave, Queens, NY 11379
FAQs
What type of property is this?
Medical Office Space - Ground-level condo currently operating as a dental practice, with two separate entrances and versatile office layout.
Where is this medical office space located?
The property is located at 94-18 59th Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Ground‑level commercial condo with more than 1,800 sq ft of office space; Currently operating as a dental practice, serving the community for over 40 years; Two separate entrances for the unit
