Medical Office Suite with Open
For Sale
$2,290,000
132-03 Sanford Avenue #1A, Flushing, NY 11355
A flexible commercial interior pairs a private office with a rear break area featuring built-in cabinetry.
Property Size2,231 SF
Price / SF$1,026
Days on Market170
Property Features for 132-03 Sanford Avenue #1A
General Information
Standard status
Active
Size
2,231 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,882
Building Details
Building Size
2,231 SF
Year Built
2006
Stories
7
Listing Agency:
Key Impact Realty Group Inc
(718) 799-0053
Listed By:
Zhen Hu CBR RENE SRS CRS · License #1035364
(917) 776-7588
Source:
Croninreale
Added: May 8
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 Key Impact Realty Group Inc
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Investment Insights
Based on property information with market context.
This 2,231-square-foot medical office space at 132-03 Sanford Avenue #1A has an open interior, a separate private office, and a rear break area with built-in cabinetry. The building dates to 2006.
The Flushing property is near shopping, dining, schools, and parks. Transit options include Main Street, the 7 train, the LIRR, and multiple bus lines.
The Flushing property is near shopping, dining, schools, and parks. Transit options include Main Street, the 7 train, the LIRR, and multiple bus lines.
Key Highlights
- 2,231 square feet of medical office space
- Open interior layout with a separate private office
- Rear break area with built‑in cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,453
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,060
$1.5M
Cap Rate 7%
$1,049,329
$1.0M
Cap Rate 9%
$816,144
$816.1K
Market Conditions
NOI Build-Up for 2,231 SF
Gross rent
$112.4K $50.40/SF
− Vacancy
−$14.5K −$6.50/SF
EGI
$97.9K $43.90/SF
− OpEx
−$24.5K −$10.97/SF
NOI
$73.5K $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%
$1,469,060
Cap Rate 7%
$1,049,329
Cap Rate 9%
$816,144
Alternative Uses
Best Use
Office B
$1.05M
$918.2K – $1.22M
NOI $73,453 @ 7.0% cap · market cap 3.21%
Second Best
Healthcare Medical
$734.9K
$643.0K – $857.4K
NOI $51,442 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,130 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,249
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A flexible commercial interior pairs a private office with a rear break area featuring built-in cabinetry.
Where is this medical office space located?
The property is located at 132-03 Sanford Avenue #1A Flushing, NY.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: 2,231 square feet of medical office space; Open interior layout with a separate private office; Rear break area with built‑in cabinetry
