118-82 Metropolitan Ave Unit 1B Kew Gardens, NY 11415
118-82 Metropolitan Ave Unit 1B, Kew Gardens, NY, 11415
$975,000
For Sale
$975,000
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 Market277
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.
Local 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 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
- Empire floresta — 11206 Jamaica Ave, Richmond Hill, NY 11418
- flowers store — 87-63 115th St, Queens, NY 11418
- Bangert's Flowers Inc — 86-06 117th St, Queens, NY 11418
- Flower market — 11206 Jamaica Ave, Richmond Hill, NY 11418
- Forest Hills Lilies of the Valley — 105-16 Metropolitan Ave, Queens, NY 11375
FAQs
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.
