Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    108-18 Queens Blvd Forest Hills, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Forest Hills office space with excellent transit access.

    Type:OFFICE
    Property size:
    7,863 SF
    Lot size:
    0.78 Acres
    Added:
    Apr 15, 2025
    Days on Market:
    375
    Last Refresh:
    Apr 5 at 9:49 pm

    Property Features for 108-18 Queens Blvd

    General Information

    Standard status
    Active
    Size
    7,863 SF
    Lot size
    0.78 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 108-18 Queens Blvd Contact us

    We can help!

    Listing Contact
    Matthew O’Grady’s

    Listing agent Matthew O’Grady’s

    Listing office Cord Meyer Development

    Listing date Apr 15, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cord Meyer Development

    Overview

    Forest Hills Office Space Available

    This office space is located in the heart of Forest Hills and offers excellent accessibility to transportation options. The NYC Subway (E, F, M, R trains) and Queens Boulevard Bus Lines (Q23 & Q60) are readily accessible. The LIRR Forest Hills Train Station is also nearby, providing convenient access to Penn Station in 19 minutes and Grand Central Madison in 16 minutes. The building features a newly renovated lobby, including a Green Wall, and provides 24-hour tenant access with a doorman. An on-site parking garage is located at the base of the building. The surrounding area offers a variety of shopping and restaurant options. The property offers 7,863 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alla Roytberg, Esq. ... Law Firm Aronov Law NY Financial Advisor Law Office of Ray ... Law Firm Sylvan Midway Parking ... Parking Lot & Garage Integrative Psychotherapy: Abigail ... Psychotherapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Hills
    County
    Queens
    State
    New York
    Longitude
    -73.9165
    Latitude
    40.7425

    Nearby Similar for Lease

    • $3,200/Mo

      Professional Office Space, Forest Hills

      Move-in ready office space near transportation in Forest Hills.
      11045 71st Road, Forest Hills, NY 11375
      View Details
    • $2,600/Mo

      Renovated Office Space in Forest Hills

      Move-in ready office space near transportation and shopping.
      102-05 63rd Road, Forest Hills, NY 11375
      View Details
    • $2,600/Mo

      Renovated Office Space in Forest Hills

      Recently renovated commercial space suitable for various professional uses.
      102-05 63rd Road, Forest Hills, NY 11375
      View Details
    • Sponsored
      Contact for pricing

      Forest Hills Tower

      118-35 Queens Blvd, Unit 400, Forest Hills, NY 11375
      View Details
    • Contact for pricing

      Class A Office Space Available

      Premier office building with updated lobby and flexible floor plan.
      108-18 Queens Blvd, Forest Hills, NY 11375
      View Details
    • Contact for pricing

      Retail Space in Forest Hills

      Retail space available for rent in Forest Hills, NY.
      107-10 70th Road, Forest Hills, NY 11375
      View Details
    • $3,100/Mo

      Well-Maintained Condo in Forest Hills

      Three-bedroom condo near transportation and shopping in Forest Hills.
      109-20 Queens Boulevard #1D, Forest Hills, NY 11375
      View Details
    • Contact for pricing

      Medical/Office Space on Queens Blvd

      Medical/office suite with convenient transportation access in Forest Hills.
      116-37 Queens Boulevard, Forest Hills, NY
      View Details
    • Contact for pricing

      Retail Space in Forest Hills

      9,006 square foot retail space available for rent.
      104-17 Queens Boulevard, Forest Hills, NY 11375
      View Details
    • Contact for pricing

      Retail Space in Forest Hills

      2700 SF retail space available for rent.
      104-39 Queens Boulevard, Forest Hills, NY 11375
      View Details
    • Contact for pricing

      Retail Space in Forest Hills

      Single tenant retail space available for rent in Forest Hills.
      107-10 70th Rd, Forest Hills, NY 11375
      View Details
    • Contact for pricing

      Retail Space in Forest Hills

      Retail space with parking in a high-density residential area.
      63-33 108th St, Forest Hills, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Prime Forest Hills office space with excellent transit access.
    Where is this office units located?
    The property is located at 108-18 Queens Blvd Forest Hills, NY.
    What are key features of this property?
    This property features: Prime location in the heart of Forest Hills; Excellent accessibility from the NYC Subway (E,F,M,R trains) and Queens Boulevard Bus Lines (Q23 & Q60); Easy access to the LIRR Forest Hills Train Station
    (516) 987-2437 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew O’Grady’s
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!