Medical Office Suite with Treatment
New
For Sale
$1,500,000
131-07 40th Rd E20, Queens, NY 11354
Existing medical-style improvements include private rooms, reception space, and treatment areas with sinks.
Property Size1,515 SF
Days on Market3
Property Features for 131-07 40th Rd E20
General Information
Standard status
Active
Size
1,515 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,207
Building Details
Building Size
1,515 SF
Listing Agency:
Tiffany Moves You Inc
(917) 981-8736
Listed By:
Tiffany C. Wong
(917) 981-8736
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 7:17AM
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
Investment Insights
Based on property information with market context.
This medical office suite is configured for medical, wellness, aesthetic, or professional use, subject to applicable zoning, licensing, building requirements, and approvals. The existing layout includes approximately five private treatment suites, a separate office, and dedicated reception and waiting areas. Most treatment rooms have sinks and sharps containers, supporting the current medical-style configuration and reducing the need for extensive interior work.
The suite is located at 131-07 40th Road #E20 within the Skyview complex in Queens, NY. The surrounding mixed-use setting includes shopping, dining, and transportation. Walk Score is 95, Transit Score is 98, and BikeScore is 71. The property may suit an owner-user or investor seeking an established commercial layout for healthcare, aesthetic, wellness, or related professional operations, with all proposed uses subject to independent verification and required approvals.
The suite is located at 131-07 40th Road #E20 within the Skyview complex in Queens, NY. The surrounding mixed-use setting includes shopping, dining, and transportation. Walk Score is 95, Transit Score is 98, and BikeScore is 71. The property may suit an owner-user or investor seeking an established commercial layout for healthcare, aesthetic, wellness, or related professional operations, with all proposed uses subject to independent verification and required approvals.
Key Highlights
- Approximately five private treatment suites plus a separate office
- Reception and waiting areas are built into the existing layout
- Most treatment rooms include sinks and sharps containers
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
$49,880
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
3.33%
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%
$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
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
$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 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%
$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 3.33%
Second Best
Healthcare Medical
$499.0K
$436.7K – $582.2K
NOI $34,933 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.12M
$977.3K – $1.30M
NOI $78,181 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,666
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
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
- InstaVet Urgent Care & Wellness Animal Hospital - LIC Queens Pet Surgery Medical 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
- InstaVet — 44-16 23rd St, Queens, NY 11101
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing medical-style improvements include private rooms, reception space, and treatment areas with sinks.
Where is this medical office space located?
The property is located at 131-07 40th Rd E20 Queens, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately five private treatment suites plus a separate office; Reception and waiting areas are built into the existing layout; Most treatment rooms include sinks and sharps containers
