Versatile Commercial Condo in
For Sale
$450,000
122-15 25th Rd CF3, Queens, NY 11354
Spacious condo suitable for various business uses, convenient location.
Property Size1,163 SF
Lot Size0.23 Acres
Days on Market266
Property Features for 122-15 25th Rd CF3
General Information
Standard status
Active
Size
1,163 SF
Lot size
0.23 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,041
Building Details
Building Size
1,163 SF
Year Built
1983
Listing Agency:
B Square Realty
(917) 293-8428
Listed By:
Samantha Chang · License #10401321356
(917) 293-8428
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Aug 20 at 10:59AM
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 B Square Realty
Investment Insights
Based on property information with market context.
This commercial condo unit offers 1,160 square feet of space. The suite includes two half baths and one private parking space. With a low monthly maintenance fee of $640, the versatile space is suitable for a range of uses, including a doctor's office, medical or physical therapy center, daycare, yoga or dance studio, or community service facility. The property is conveniently located with easy access to public transportation, situated in the Flushing area.
Key Highlights
- Spacious 1,160 sq.ft. commercial condo unit.
- Versatile space suitable for various uses (doctors office, therapy center, daycare, studio, etc.).
- Convenient location with easy access to public transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,290
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$765,800
$765.8K
Cap Rate 7%
$547,000
$547.0K
Cap Rate 9%
$425,444
$425.4K
Market Conditions
NOI Build-Up for 1,163 SF
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.
Gross rent
$58.6K $50.40/SF
− Vacancy
−$7.6K −$6.50/SF
EGI
$51.1K $43.90/SF
− OpEx
−$12.8K −$10.97/SF
NOI
$38.3K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$765,800
Cap Rate 7%
$547,000
Cap Rate 9%
$425,444
Alternative Uses
Best Use
Office B
$547.0K
$478.6K – $638.2K
NOI $38,290 @ 7.0% cap · market cap 8.51%
Second Best
Healthcare Medical
$383.1K
$335.2K – $446.9K
NOI $26,816 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$857.4K
$750.2K – $1.00M
NOI $60,016 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,582
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
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 - Spacious condo suitable for various business uses, convenient location.
Where is this medical office space located?
The property is located at 122-15 25th Rd CF3 Queens, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Spacious 1,160 sq.ft. commercial condo unit.; Versatile space suitable for various uses (doctors office, therapy center, daycare, studio, etc.).; Convenient location with easy access to public transportation.
