Ground-Floor Medical Office
11045 71ST RD Unit PS2 Flushing, NY 11375
11045 71ST RD Unit PS2, Flushing, NY, 11375
$329,000
For Sale
$329,000
Ground-floor office suite with two private offices, a waiting area, and recently renovated interiors.
Property Size600 SF
Price / SF$548.33
Days on Market169
Property Features for 11045 71ST RD Unit PS2
General Information
- Standard status
- Active
- Size
- 600 SF
- Property subtype
- Office
Building Details
- Year Built
- 1955
Listing agency
RE/MAX City Square
(917) 733-7740
Listed by
Mabel Sung · License #10401361033
(917) 733-7740
Source
Xome
Added: Feb 3 Updated: Jul 21 at 12:23PM Checked: Jul 21 at 12:23PM
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 suite is laid out with two private offices and a dedicated waiting area, designed for consultative use. The space has been fully renovated with fresh paint, new flooring, new doors, and a renovated bathroom. It is also equipped with security cameras wired directly to the offices for easy, uninterrupted viewing.
The suite provides convenient street-level entry within the well-maintained Versailles building. It is served by multiple bus lines and is near major public transportation, including proximity to the 71st–Continental Avenue subway station and Forest Hills LIRR.
For brokers and tenants seeking move-in-ready space, this suite offers a clean, appointment-friendly interior configuration supported by its dedicated waiting area and secure camera setup.
The suite provides convenient street-level entry within the well-maintained Versailles building. It is served by multiple bus lines and is near major public transportation, including proximity to the 71st–Continental Avenue subway station and Forest Hills LIRR.
For brokers and tenants seeking move-in-ready space, this suite offers a clean, appointment-friendly interior configuration supported by its dedicated waiting area and secure camera setup.
Key Highlights
- Ground‑floor professional office suite in the Versailles building with convenient street‑level entry
- Layout includes two private offices plus a dedicated waiting area
- Recently upgraded interiors with fresh paint, new flooring, new doors, and a renovated bathroom
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
Location Intelligence
Current Use by Public Records
Alicia Dellagiovanna LCSW
Foster Care Service
Feuer & Orlando
Law Firm
Rosefan Owners Inc
Real Estate Agency
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 - Ground-floor office suite with two private offices, a waiting area, and recently renovated interiors.
Where is this medical office space located?
The property is located at 11045 71ST RD Unit PS2 Flushing, 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: Ground‑floor professional office suite in the Versailles building with convenient street‑level entry; Layout includes two private offices plus a dedicated waiting area; Recently upgraded interiors with fresh paint, new flooring, new doors, and a renovated bathroom
