For Sale
$975,000
118-82 Metropolitan Ave Unit 1B, Kew Gardens, NY 11415
Fully Renovated Versatile Retail Medical Office Mixed Use Condo Residential 118-82 Metropolitan Avenue Kew Gardens
Property Size1,500 SF
Price / SF$650
Days on Market291
Property Features for 118-82 Metropolitan Ave Unit 1B
General Information
Standard status
Active
Property type
Storefront properties, Mixed-use properties, Medical Office Space, Retail properties & Spaces
Size
1,500 SF
Net Rentable
1,500 SF
Total Parking Spaces
1
Elevators
Yes
Investment Type
Owner User
Building Details
Year Built
2002
Year Renovated
2026
Buildings
1
Stories
2
Units
1
Listing Agency:
(718) 640-4431
Listed By:
Diane Mi Ryoung
(718) 640-4431
Added: Oct 19, 2025
Investment Insights
Based on property information with market context.
Key Highlights
- Good Lefferts Blvd Intersection Sign Visibility With Great Foot And 15k+ Daily Car Traffic!
- Versatile Retail, Medical, Office, Mixed Use Or Residential Well Maintained Street Level Condo.
- Also Available For Lease At $6k Monthly. All Expenses Included Except Electric.
Financial Insights For Healthcare Medical
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 | $63.0k | $42.00 |
| − Vacancy | −$5.4k | −$3.57 |
| EGI | $57.6k | $38.43 |
| − OpEx | −$23.1k | −$15.37 |
| NOI | $34.6k | $23.06 |
1,500 SF · lease $42.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 3.55%
Second Best
Retail
$382.5K
$334.7K – $446.3K
NOI $26,775 @ 7.0% cap · market cap 2.75%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,109
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11415, NY
20,241
Population
9,794
Households
2.1
Avg Household Size
41
Median Age
53%
College-Educated
89%
High-School Grad
0.6 sq mi
ZIP Area
33,735
Density / Sq Mi
$88,632
Median Household Income
$60,950
Median Earnings
$1,909
Median Rent
$367,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully Renovated Versatile Retail Medical Office Mixed Use Condo Residential 118-82 Metropolitan Avenue Kew Gardens
Where is this storefront property located?
The property is located at 118-82 Metropolitan Ave Unit 1B 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: Good Lefferts Blvd Intersection Sign Visibility With Great Foot And 15k+ Daily Car Traffic!; Versatile Retail, Medical, Office, Mixed Use Or Residential Well Maintained Street Level Condo.; Also Available For Lease At $6k Monthly. All Expenses Included Except Electric.
