Renovated Medical Office
95-30 Queens Boulevard Rego Park, NY 11374
New
95-30 Queens Boulevard, Rego Park, NY, 11374
$2,225,000
For Sale
$2,225,000
Renovated one-story medical office building with an 800 SF mezzanine and 800 SF basement, plus additional air rights.
Property Size2,000 SF
Price / SF$1,112
Days on Market3
Property Features for 95-30 Queens Boulevard
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1933
Listing agency
RE/MAX Team
(516) 992-2888
Listed by
Victor Weinberger ([email protected])
Source
Iaquintarealestate
Added: Jul 20 Updated: Jul 21 at 11:22AM Checked: Jul 21 at 11:22AM
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 RE/MAX Team
Investment Insights
Based on property information with market context.
This renovated one-story medical office building offers approximately 2,000 SF of medical office space along with an 800 SF mezzanine and an 800 SF basement. The property also includes an additional 4,800 SF of air rights that can be added without knocking down the existing building. The building can be delivered vacant for user occupancy.
Located on Queens Boulevard, the property benefits from over 22 million annual vehicle trips in front and is about a half block to the 63rd Drive subway station. It is also roughly two blocks to the Long Island Expressway and Queens Center.
The current gross and net income are reported as $180,000 and $142,500, respectively, supporting an income-producing setup for an owner-operator or investor.
Located on Queens Boulevard, the property benefits from over 22 million annual vehicle trips in front and is about a half block to the 63rd Drive subway station. It is also roughly two blocks to the Long Island Expressway and Queens Center.
The current gross and net income are reported as $180,000 and $142,500, respectively, supporting an income-producing setup for an owner-operator or investor.
Key Highlights
- Renovated 1‑story medical office building built in 1933 on Queens Boulevard
- 2,000 SF building includes an 800 SF mezzanine and an 800 SF basement
- Additional 4,800 SF of air rights can be added without knocking down the existing building
Local Financial Insights For Office B
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 | $100.8k | $50.40 |
| − Vacancy | −$13.0k | −$6.50 |
| EGI | $87.8k | $43.90 |
| − OpEx | −$21.9k | −$10.97 |
| NOI | $65.8k | $32.92 |
2,000 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dayen Nina Do
Physician
Neurology NYC
Medical Clinic
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FAQs
What type of property is this?
Medical Office Space - Renovated one-story medical office building with an 800 SF mezzanine and 800 SF basement, plus additional air rights.
Where is this medical office space located?
The property is located at 95-30 Queens Boulevard Rego Park, 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: Renovated 1‑story medical office building built in 1933 on Queens Boulevard; 2,000 SF building includes an 800 SF mezzanine and an 800 SF basement; Additional 4,800 SF of air rights can be added without knocking down the existing building
