Renovated Office Space, Prime
110-45 71st Road Forest Hills, NY 11375
110-45 71st Road, Forest Hills, NY, 11375
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For Sale
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Move-in ready office near transportation, ideal for medical or professional use.
Property Size600 SF
Price / SF$548.33
Days on Market148
Property Features for 110-45 71st Road
General Information
- Standard status
- Active
- Size
- 600 SF
- Property subtype
- Office
Listing Agency
RE/MAX City Square
(917) 733-7740
Listed by
Mabel Sung · License #10401361033
Source
Crexi
Added: Feb 19 Checked: Jul 16 at 10:18 am
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 RE/MAX City Square
Investment Insights
Based on property information with market context.
This ground-floor professional office space is ideally located near major transportation and highways, offering excellent visibility and convenience. The 600-square-foot layout includes two private offices and a waiting area, making it suitable for medical, dental, or other professional uses. The space has been fully renovated with fresh paint, new flooring, updated doors, and a modern bathroom. Security cameras are wired directly to the offices for monitoring. The property is located in the well-maintained Versailles building with street-level entry, moments from 71st–Continental Avenue (E, F, M, R), the Forest Hills LIRR, and multiple bus lines.
Key Highlights
- Move‑in ready: Enjoy fresh paint, new flooring, updated doors, and a modern bathroom.
- Excellent location: Near major transportation and highways.
- Ideal layout: Features two private offices and a waiting area.
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 | $30.2k | $50.40 |
| − Vacancy | −$3.9k | −$6.50 |
| EGI | $26.3k | $43.90 |
| − OpEx | −$6.6k | −$10.97 |
| NOI | $19.8k | $32.92 |
600 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$282.2K
$246.9K – $329.2K
NOI $19,754 @ 7.0% cap · market cap 6.00%
Second Best
Healthcare Medical
$197.6K
$172.9K – $230.6K
NOI $13,835 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$442.3K
$387.0K – $516.1K
NOI $30,963 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marta Lapinska, MS.Ed., ...
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Bond Vets - Forest Hills — 70-38 Austin St, Forest Hills, NY 11375
- Steinway Court Veterinarian hospital — 107-28 71st Rd, Queens, NY 11375
- NYC Veterinary Specialists and 24 Hour Animal Emergency - Queens — 107-28 71st Rd, Forest Hills, NY 11375
- Bond Vet - Forest Hills — 70-38 Austin St, Forest Hills, NY 11375
- Premier Veterinary Medical Group - Forest Hills — 11249 Queens Blvd, Forest Hills, NY 11375
FAQs
What type of property is this?
Medical Office Space - Move-in ready office near transportation, ideal for medical or professional use.
Where is this medical office space located?
The property is located at 110-45 71st Road Forest Hills, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Move‑in ready: Enjoy fresh paint, new flooring, updated doors, and a modern bathroom.; Excellent location: Near major transportation and highways.; Ideal layout: Features two private offices and a waiting area.
