Brick Condo Duplex with
118-82 Metropolitan Ave Kew Gardens, NY 11415
118-82 Metropolitan Ave, Kew Gardens, NY, 11415
$975,000
For Sale
$975,000
COMMERCIAL - Other - Kew Gardens, NY
Property Size1,500 SF
Price / SF$650
Days on Market19
Property Features for 118-82 Metropolitan Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Laundry Room, Bathroom 1
- Standard status
- Active
- APN
- 000000-000.000-3322-1002.000
- Size
- 1,500 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 14230
Utilities
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Flooring type
- Hardwood
- Architectural style
- Other
Listing Agency
HANMI REALTY
(718) 961-8801
37 17 UNION ST, FLUSHING, NY
Listed by
Mi Ryoung Chong
(718) 961-8801
Added: Jun 29 Checked: Jul 17 at 3:06 pm
MLS# 11858930
Copyright © 2026 My State 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.
Built in 2002, this well-maintained brick condo duplex unit (#1B) is vacant and offered for sale. The space is described as spacious, sunny, and clean, with an interior layout suited to multiple uses, including medical, office, retail, and residential. Features cited include hardwood floors and fresh paint, a polished wood-paneled lobby, and a large reception lobby or showroom area. The unit also includes a walk-in closet plus additional rooms on the second floor, and a brand-new in-unit Whirlpool washer and dryer.
Renovations described include a complete kitchen with tile flooring and stainless steel appliances, along with updated bathroom vanities, mirrors, lighting, and shower floor tiling. The property also includes an elevator and a parking garage with one space, with additional building amenities including a laundry room, pet-friendly policy, and video security intercom to the lobby. A wheelchair ramp and private street entrance are noted for accessibility.
The Forest Park condominium location is referenced as part of the Kew Gardens commercial center, with bus service connections cited for Q10, QM18, and Q54. The remarks also reference sign visibility at the good Lefferts Blvd intersection, and parking/traffic support from daily car traffic noted in the write-up. Zoning is listed as R7A and C1-3.
Renovations described include a complete kitchen with tile flooring and stainless steel appliances, along with updated bathroom vanities, mirrors, lighting, and shower floor tiling. The property also includes an elevator and a parking garage with one space, with additional building amenities including a laundry room, pet-friendly policy, and video security intercom to the lobby. A wheelchair ramp and private street entrance are noted for accessibility.
The Forest Park condominium location is referenced as part of the Kew Gardens commercial center, with bus service connections cited for Q10, QM18, and Q54. The remarks also reference sign visibility at the good Lefferts Blvd intersection, and parking/traffic support from daily car traffic noted in the write-up. Zoning is listed as R7A and C1-3.
Key Highlights
- Brick condo duplex unit 1B built in 2002, vacant and around 1,500 SF, versatile for medical, office, retail, or residential use
- Two‑way heating with baseboard and natural gas; public water service; hardwood flooring and fresh paint
- Kitchen features Samsung fingerprint‑resistant stainless steel fridge and gas stove/oven with vented microwave; controllable via SmartThings app
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 | $75.6k | $50.40 |
| − Vacancy | −$9.8k | −$6.50 |
| EGI | $65.8k | $43.90 |
| − OpEx | −$16.5k | −$10.97 |
| NOI | $49.4k | $32.92 |
1,500 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$705.5K
$617.3K – $823.1K
NOI $49,386 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,407 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Challenge to USA 21
Association Or Organization
Similar For Sale Nearby
Similar Off Market Nearby
- Kew Gardens Animal Hospital — 118-27 Metropolitan Ave, Kew Gardens, NY 11415
- Mobile Veterinary Animal Clinic — 105-06 Metropolitan Ave, Forest Hills, NY 11375
- Tafreshi Cat Scans — 116-14 Myrtle Ave, Jamaica, NY 11418
FAQs
What type of property is this?
Medical Office Space - Vacant 2002-built brick condo duplex with parking, laundry room, and a polished lobby; suitable for medical, office, retail, or residential.
Where is this medical office space located?
The property is located at 118-82 Metropolitan Ave Kew Gardens, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Brick condo duplex unit 1B built in 2002, vacant and around 1,500 SF, versatile for medical, office, retail, or residential use; Two‑way heating with baseboard and natural gas; public water service; hardwood flooring and fresh paint; Kitchen features Samsung fingerprint‑resistant stainless steel fridge and gas stove/oven with vented microwave; controllable via SmartThings app
