Dental & Medical Co-Op
99-04 57th Avenue Corona, NY 11368
New
99-04 57th Avenue, Corona, NY, 11368
$599,000
For Sale
$599,000
SINGLE_FAMILY - Corona, NY
Property Size1,236 SF
Price / SF$484.63
Days on Market2
Property Features for 99-04 57th Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Garage
- Standard status
- Active
- APN
- 01945-0001-00099-004-00000L1
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 570
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1962
- Floors in Building
- 6
- Flooring type
- Vinyl
- Building materials
- Brick
Listing agency
Winzone Realty Inc
(718) 899-7000
Listed by
Edward A. Penafiel CBR
(646) 217-8119
Added: Jul 20 Updated: Jul 21 at 8:45AM Checked: Jul 21 at 9:06PM
MLS# 1028503
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.
Unit #LH at 99-04 57th Avenue offers a professionally configured dental and medical co-op space totaling 1,236 square feet across seven rooms. The layout includes multiple treatment operatories, a patient waiting area, dedicated reception and front desk, closet space, and two bathrooms. Front and rear entry doors provide separate access points for managing patient flow.
The unit is located in The Jefferson, a full-service, multi-story building on a corner lot with a doorman, concierge, live-in superintendent, and modern elevator banks. The building also includes a cellar-level indoor parking garage.
The space has been operating continuously as a dental practice for more than 30 years, and it is described as meticulously maintained. Ownership is through Sherwood Owners Corp. with the listing noting 570 shares, and monthly maintenance of $940.39 with real estate taxes included; purchase is subject to co-op board approval. Co-op financing is available through select lenders with standard equity requirements of 20%, and cash buyers are welcome and preferred.
The unit is located in The Jefferson, a full-service, multi-story building on a corner lot with a doorman, concierge, live-in superintendent, and modern elevator banks. The building also includes a cellar-level indoor parking garage.
The space has been operating continuously as a dental practice for more than 30 years, and it is described as meticulously maintained. Ownership is through Sherwood Owners Corp. with the listing noting 570 shares, and monthly maintenance of $940.39 with real estate taxes included; purchase is subject to co-op board approval. Co-op financing is available through select lenders with standard equity requirements of 20%, and cash buyers are welcome and preferred.
Key Highlights
- Dental/medical co‑op unit at 9904 57th Avenue with 1,236 SF across 7 professionally configured rooms, including treatment operatories and waiting area.
- Two bathrooms, dedicated reception/front desk, and front/rear entry doors for patient flow control; operating as a dental practice for over 30 years.
- The Jefferson is a full‑service, multi‑story building on a corner lot with a doorman, concierge, live‑in superintendent, modern elevator banks, and cellar‑level indoor parking garage.
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 | $62.3k | $50.40 |
| − Vacancy | −$8.0k | −$6.50 |
| EGI | $54.3k | $43.90 |
| − OpEx | −$13.6k | −$10.97 |
| NOI | $40.7k | $32.92 |
1,236 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$581.3K
$508.7K – $678.2K
NOI $40,694 @ 7.0% cap · market cap 6.79%
Second Best
Healthcare Medical
$407.1K
$356.3K – $475.0K
NOI $28,500 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$911.2K
$797.3K – $1.06M
NOI $63,784 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Johnson's Academy LLC
Daycare Center
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Professional dental and medical suite with 7 configured rooms, patient reception, and front-and-rear entry doors.
Where is this medical office space located?
The property is located at 99-04 57th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Dental/medical co‑op unit at 9904 57th Avenue with 1,236 SF across 7 professionally configured rooms, including treatment operatories and waiting area.; Two bathrooms, dedicated reception/front desk, and front/rear entry doors for patient flow control; operating as a dental practice for over 30 years.; The Jefferson is a full‑service, multi‑story building on a corner lot with a doorman, concierge, live‑in superintendent, modern elevator banks, and cellar‑level indoor parking garage.
