Queens Boulevard Medical Office
For Sale
$2,225,000
95-30 Queens Blvd, Queens, NY 11374
Renovated medical office with development potential on Queens Boulevard.
Property Size2,000 SF
Lot Size0.05 Acres
Days on Market266
Property Features for 95-30 Queens Blvd
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$30,016
Building Details
Building Size
2,000 SF
Year Built
1933
Units
1
Listing Agency:
(917) 806-7040
Listed By:
Victor Weinberger · License #383079
(917) 806-7040
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 17
Last Checked: Aug 21 at 10:55AM
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 Victor Weinberger
Investment Insights
Based on property information with market context.
This is a 2,000 square foot renovated one-story medical office building located on Queens Boulevard. The building includes an 800 square foot mezzanine and an 800 square foot basement. It benefits from high visibility on a busy street with over 22 million vehicles passing annually. The property is situated half a block from the 63rd Drive subway station and two blocks from the Long Island Expressway and Queens Center. The building has an additional 4,800 square feet of air rights, allowing for expansion without demolishing the existing structure. The property is suitable for medical, retail, or office uses that benefit from significant visibility. The gross income is $180,000, with a net income of $142,500. The building can be delivered vacant for users.
Key Highlights
- Prime Queens Boulevard location with extremely high visibility (22 million annual vehicle traffic).
- High income potential: Gross Income $180,000, Net Income $142,500.
- Delivered vacant for user occupancy.
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
$65,848
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
2.96%
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%
$1,316,960
$1.3M
Cap Rate 7%
$940,686
$940.7K
Cap Rate 9%
$731,644
$731.6K
Market Conditions
NOI Build-Up for 2,000 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
$100.8K $50.40/SF
− Vacancy
−$13.0K −$6.50/SF
EGI
$87.8K $43.90/SF
− OpEx
−$21.9K −$10.97/SF
NOI
$65.8K $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%
$1,316,960
Cap Rate 7%
$940,686
Cap Rate 9%
$731,644
Alternative Uses
Best Use
Office B
$940.7K
$823.1K – $1.10M
NOI $65,848 @ 7.0% cap · market cap 2.96%
Second Best
Healthcare Medical
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 2.07%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,632
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
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.
Similar Off Market Nearby
- The Veterinarians at Court Square — 27-19 44th Dr, Queens, NY 11101
- InstaVet - Veterinary Care Center — 44-16 23rd St, Queens, NY 11101
- Veterinary Eye Center of New York City (Long Island City) — 5 Ct Square W, Queens, NY 11101
- Skillman Animal Clinic — 45-12 Skillman Ave, Queens, NY 11104
- The Sunnyside Pet Healthcare & Dental Center — 47-04 Greenpoint Ave, Queens, NY 11104
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated medical office with development potential on Queens Boulevard.
Where is this medical office space located?
The property is located at 95-30 Queens Blvd Queens, NY.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Prime Queens Boulevard location with extremely high visibility (22 million annual vehicle traffic).; High income potential: Gross Income $180,000, Net Income $142,500.; Delivered vacant for user occupancy.
