Renovated Medical Office
149 -23 SANFORD Ave B-C, Queens, NY 11355
For Sale
$249,000
Vacant lower-level space features a windowed layout and is positioned within walking distance of the Main Street train station.
Property Size949 SF
Price / SF$262.11
Days on Market20
Property Features for 149 -23 SANFORD Ave B-C
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Additional Details
Public Transit
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
E Realty International Corp
Listed By:
Qiu Fen Li
(917) 880-8223
Source:
Elliman
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 4:55PM
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 E Realty International Corp
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.
This renovated office suite occupies approximately 950 square feet on the lower level and includes multiple windows. The space will be delivered vacant. Its current use is as a house of worship; any proposed use should be verified with an architect.
The property is within walking distance of the Main Street train station in Flushing. Walk Score is 95, Transit Score is 98, and Bike Score is 71.
The property is within walking distance of the Main Street train station in Flushing. Walk Score is 95, Transit Score is 98, and Bike Score is 71.
Key Highlights
- Approximately 950 square feet on the lower level
- Renovated office with multiple windows; delivered vacant
- Walking distance to the Main Street train station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,905
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,100
$438.1K
Cap Rate 7%
$312,929
$312.9K
Cap Rate 9%
$243,389
$243.4K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$39.9K $42.00/SF
− Vacancy
−$3.4K −$3.57/SF
EGI
$36.5K $38.43/SF
− OpEx
−$14.6K −$15.37/SF
NOI
$21.9K $23.06/SF
Area
Queens County, NY
Vacancy
8.50%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,100
Cap Rate 7%
$312,929
Cap Rate 9%
$243,389
Alternative Uses
Best Use
Office B
$446.8K
$391.0K – $521.3K
NOI $31,278 @ 7.0% cap · market cap 12.56%
Second Best
Healthcare Medical
$312.9K
$273.8K – $365.1K
NOI $21,905 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$700.4K
$612.8K – $817.1K
NOI $49,025 @ 7.0% cap · market cap 19.69%
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
4,813
Businesses Nearby
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
$711,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Queens, NY
Properties on Market for Office Units in Queens
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant lower-level space features a windowed layout and is positioned within walking distance of the Main Street train station.
Where is this office unit located?
The property is located at 149 -23 SANFORD Ave B-C Queens, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Approximately 950 square feet on the lower level; Renovated office with multiple windows; delivered vacant; Walking distance to the Main Street train station
