Medical Office
New
For Sale
Contact for pricing
11203 Queens Blvd, Queens, NY 11375
Move-in ready surgical layout with operating room, exam rooms, lab, and reception area.
Property Size1,125 SF
Price / SF$825.78
Days on Market5
Property Features for 11203 Queens Blvd
General Information
Standard status
Active
Size
1,125 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
2
Office Units
1
Amenities
natural lighting
recessed and overhead lighting
central air conditioning
Listing Agency:
The Corcoran Group | East Side
(212) 836-1075
Listed By:
Paul L Wexler · License #30WE0902877
(212) 836-1075
Source:
Moodyscre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 12:47PM
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 The Corcoran Group | East Side
Investment Insights
Based on property information with market context.
Suite 205 is a 1,125-square-foot medical office on the second floor of a condominium building. The move-in ready surgical suite includes a large waiting room, accredited operating room, two exam rooms, two office or consult rooms, a lab, reception with file area, and two restrooms. The space is configured as a plastic surgery practice and can accommodate other medical specialties. It includes natural lighting, recessed and overhead lighting, and central air conditioning.
The property is near public transportation, including the E and F train lines, Long Island Railroad, and local buses. Regional access includes the Grand Central Parkway, Long Island Expressway, Van Wyck Expressway, and Jackie Robinson Parkway. The suite is positioned between Kennedy International and LaGuardia Airports.
The property is near public transportation, including the E and F train lines, Long Island Railroad, and local buses. Regional access includes the Grand Central Parkway, Long Island Expressway, Van Wyck Expressway, and Jackie Robinson Parkway. The suite is positioned between Kennedy International and LaGuardia Airports.
Key Highlights
- 1,125‑square‑foot medical office on the second floor
- Move‑in ready surgical suite with an accredited operating room
- Two exam rooms, two office or consult rooms, lab, reception, and file area
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 | $56.7k | $50.40 |
| − Vacancy | −$7.3k | −$6.50 |
| EGI | $49.4k | $43.90 |
| − OpEx | −$12.3k | −$10.97 |
| NOI | $37.0k | $32.92 |
1,125 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$529.1K
$463.0K – $617.3K
NOI $37,039 @ 7.0% cap · market cap 3.99%
Second Best
Healthcare Medical
$370.6K
$324.3K – $432.3K
NOI $25,940 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$829.4K
$725.7K – $967.6K
NOI $58,055 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,347
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready surgical layout with operating room, exam rooms, lab, and reception area.
Where is this medical office space located?
The property is located at 11203 Queens Blvd Queens, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: 1,125‑square‑foot medical office on the second floor; Move‑in ready surgical suite with an accredited operating room; Two exam rooms, two office or consult rooms, lab, reception, and file area
