Medical Office Space with
For Sale
$1,398,000
131-07 40th Road E20, Flushing, NY 11354
Central air and off-street parking serve the space in an attached building.
Property Size1,515 SF
Days on Market59
Property Features for 131-07 40th Road E20
General Information
Standard status
Active
Size
1,515 SF
Taxes and HOA fees
Annual Taxes
$5,207
Amenities
Accessible Elevator Installed, Accessible Entrance, Accessible Hallway(s)
Central Air
Attached, Off Street, Parking Lot
Building Details
Building Size
1,515 SF
Listing Agency:
Tiffany Moves You Inc
Listed By:
Tiffany C. Wong
(917) 981-8736
Source:
Evrealestate
Added: Aug 18
Changed: Oct 15
Last Checked: Oct 15 at 2:33AM
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 Tiffany Moves You Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Medical office space at 131-07 40th Road E20 in Flushing includes central air and access to an attached parking lot. The property is in Queens, with directions via College Point Boulevard and Roosevelt Avenue.
Key Highlights
- Central air
- Attached building with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,880
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,600
$997.6K
Cap Rate 7%
$712,571
$712.6K
Cap Rate 9%
$554,222
$554.2K
Market Conditions
NOI Build-Up for 1,515 SF
Gross rent
$76.4K $50.40/SF
− Vacancy
−$9.8K −$6.50/SF
EGI
$66.5K $43.90/SF
− OpEx
−$16.6K −$10.97/SF
NOI
$49.9K $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 Rate 5%
$997,600
Cap Rate 7%
$712,571
Cap Rate 9%
$554,222
Alternative Uses
Best Use
Office B
$712.6K
$623.5K – $831.3K
NOI $49,880 @ 7.0% cap · market cap 3.57%
Second Best
Healthcare Medical
$499.0K
$436.7K – $582.2K
NOI $34,933 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$1.12M
$977.3K – $1.30M
NOI $78,181 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,554
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
Similar Off Market Nearby
- Dog Nest — 9904 57th Ave, Elmhurst, NY 11373
- Noah's Ark Pet Clinic — 85-05 37th Ave, Jackson Heights, NY 11372
- Bond Vet — 84-11 37th Ave, Queens, NY 11372
- AmbuVet Pet Ambulance — 81st St, Queens, NY 11372
- IAC Urgent Vets - Emergency and Urgent Care Animal Hospital — 32-33 Junction Blvd, Queens, NY 11369
Frequently Asked Questions
What type of property is this?
Medical Office Space - Central air and off-street parking serve the space in an attached building.
Where is this medical office space located?
The property is located at 131-07 40th Road E20 Flushing, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Central air; Attached building with off‑street parking
