Building Details

Building Size 1,023 SF

Listing Agency: Nova North Commercial

Listed By: Lynn B Teger Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Sep 25 Last Checked: Oct 5 at 7:00PM

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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 Nova North Commercial

Investment Insights

Based on property information with market context.

This renovated office condominium unit is located on Medical Park Drive, offering easy access to hospitals. The ground floor space is currently configured as a medical office. The layout includes four exam rooms, each equipped with sinks and cabinetry, and an executive office featuring a private bathroom and shower. Additional storage is available in a loft space. The property features an impressive ground floor glass door entry way. The condominium bylaws permit medical or any professional use related to medical, as well as use for a CPA. The complex provides ample parking, including five reserved spaces for the unit. The property is located directly off Route 45 near Exit 12 of the Palisades Parkway. Quarterly taxes are $2027, and the monthly maintenance fee is $479.

Key Highlights

• Completely renovated, turn‑key office condominium unit.
• Prime location with easy access to all hospitals and major roadways.
• Suitable for medical or professional use.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,175

Cap Rate

7.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$583,500 $583.5K

Cap Rate 7%

$416,786 $416.8K

Cap Rate 9%

$324,167 $324.2K

Market Conditions

NOI Build-Up for 1,023 SF

Gross rent

$46.0K $45.00/SF

− Vacancy

−$7.1K −$6.98/SF

EGI

$38.9K $38.03/SF

− OpEx

−$9.7K −$9.51/SF

NOI

$29.2K $28.52/SF

Area

Rockland County, NY

Vacancy

15.50%

Lease Rate

$45.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$583,500

Cap Rate 7%

$416,786

Cap Rate 9%

$324,167

Alternative Uses

Best Use

Office B

$416.8K

$364.7K – $486.3K (±1% cap)

NOI $29,175 @ 7.0% cap · market cap 7.39%

Second Best

Healthcare Medical

$337.0K

$294.9K – $393.1K (±1% cap)

NOI $23,588 @ 7.0% cap · market cap 5.97%

Theoretical Best

Specialty Retail

$676.4K

$591.8K – $789.1K (±1% cap)

NOI $47,347 @ 7.0% cap · market cap 11.99%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Compassion Dental Care Dental Office Realdepressionsolutions.com Consultant Tiger Periodontics and Dental ... Dental Office Dr. Junior Bertho ... Dental Office Rockland County General ... Dental Office

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Pharmacy Parking Lot & Garage Law Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

416

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 10970, NY

11,211

Population

4,138

Households

2.7

Avg Household Size

38

Median Age

44%

College-Educated

87%

High-School Grad

11.2 sq mi

ZIP Area

1,001

Density / Sq Mi

$118,445

Median Household Income

$58,935

Median Earnings

$1,877

Median Rent

$362,800

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Medical Office Space - Turn-key medical office condo with easy hospital access.

Where is this medical office space located?

The property is located at 11 Medical Park Dr Pomona, NY.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Completely renovated, turn‑key office condominium unit.; Prime location with easy access to all hospitals and major roadways.; Suitable for medical or professional use.