Live-Work Medical Office
144-49 70th Avenue Kew Garden Hills, NY 11367
For Sale
$2,950,000
Street-level wheelchair-accessible legal medical office with reception, waiting room, exam rooms, and multiple bathrooms.
Property Size5,280 SF
Price / SF$558.71
Days on Market30
Property Features for 144-49 70th Avenue
General Information
- Standard status
- Active
- Size
- 5,280 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1935
Listing Agency:
Astor Brokerage Ltd
(516) 992-2888
Listed By:
Yehudis Weiss ([email protected])
Source:
Iaquintarealestate
Added: Jun 25
Changed: Jul 21
Last Checked: Jul 23 at 4:51AM
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 Astor Brokerage Ltd
Investment Insights
Based on property information with market context.
This center-hall Colonial offers a street-level, wheelchair-accessible legal medical office setup, designed for client intake and care. The professional suite includes a reception area, a large waiting room, 2 bathrooms, 6 exam rooms, and several additional flexible rooms that can be configured for a variety of needs.
The residence portion features multiple living and entertaining spaces, including a formal living room, a formal dining room with access to a patio, a study, and a guest bedroom with a full bathroom. The eat-in kitchen flows into a family room that opens to a second patio. A dedicated office with a built-in succah completes the main level.
Upstairs, there are 6 bedrooms and 4 full bathrooms, including two primary suites each with its own en-suite bathroom. A second-floor laundry room is also included. The property is positioned on a corner lot in Kew Gardens Hills, with convenient access to shops, buses, and schools.
The residence portion features multiple living and entertaining spaces, including a formal living room, a formal dining room with access to a patio, a study, and a guest bedroom with a full bathroom. The eat-in kitchen flows into a family room that opens to a second patio. A dedicated office with a built-in succah completes the main level.
Upstairs, there are 6 bedrooms and 4 full bathrooms, including two primary suites each with its own en-suite bathroom. A second-floor laundry room is also included. The property is positioned on a corner lot in Kew Gardens Hills, with convenient access to shops, buses, and schools.
Key Highlights
- 1935 center hall Colonial with a street‑level, wheelchair‑accessible legal medical office
- Medical office includes reception, large waiting room, 6 exam rooms, and 2 bathrooms
- Flexible office suite offers additional rooms that can be tailored to your needs
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 | $266.1k | $50.40 |
| − Vacancy | −$34.3k | −$6.50 |
| EGI | $231.8k | $43.90 |
| − OpEx | −$57.9k | −$10.97 |
| NOI | $173.8k | $32.92 |
5,280 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.48M
$2.17M – $2.90M
NOI $173,838 @ 7.0% cap · market cap 5.89%
Second Best
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,746 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$3.89M
$3.41M – $4.54M
NOI $272,473 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Street-level wheelchair-accessible legal medical office with reception, waiting room, exam rooms, and multiple bathrooms.
Where is this live-work space located?
The property is located at 144-49 70th Avenue Kew Garden Hills, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 1935 center hall Colonial with a street‑level, wheelchair‑accessible legal medical office; Medical office includes reception, large waiting room, 6 exam rooms, and 2 bathrooms; Flexible office suite offers additional rooms that can be tailored to your needs
