Building Details

Year Built 1963

Buildings 1

Units 3

Listing Agency: Prime Realty

Listed By: Mitchell Slavuter · License #NY 10311200955 Show Phone

Source: Crexi

Added: Jul 30 Changed: Nov 1 Last Checked: Nov 1 at 5:39AM

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Investment Insights

Based on property information with market context.

This three-story brick mixed-use property contains a ground-floor dental suite and two full-floor residential apartments. The professional space measures approximately 1,100 SF and includes three treatment operatories, digital imaging infrastructure, nitrous oxide plumbing, and a networked seven-workstation computer system. Each upper-level apartment has three bedrooms and two bathrooms. A finished basement with its own private entrance adds flexible utility, while two private parking spaces serve the building. Constructed in 1963, the 4,100-SF property is positioned on a corner in Bayside, Queens, and is zoned R3-2. The dental practice has operated at the property for 22 years and currently runs two days per week, with three experienced staff members and a periodontist in place. The offering combines commercial and residential occupancy within one building.

Key Highlights

• 4,100‑SF three‑story brick mixed‑use building constructed in 1963
• Approximately 1,100‑SF dental suite with three treatment operatories
• Two full‑floor apartments, each with 3 bedrooms and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$134,988

Cap Rate

4.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,699,760 $2.7M

Cap Rate 7%

$1,928,400 $1.9M

Cap Rate 9%

$1,499,867 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,100 SF

Gross rent

$206.6K $50.40/SF

− Vacancy

−$26.7K −$6.50/SF

EGI

$180.0K $43.90/SF

− OpEx

−$45.0K −$10.97/SF

NOI

$135.0K $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%

$2,699,760

Cap Rate 7%

$1,928,400

Cap Rate 9%

$1,499,867

Alternative Uses

Best Use

Office B

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $134,988 @ 7.0% cap · market cap 4.65%

Second Best

Apartment 5plus

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,222 @ 7.0% cap · market cap 3.46%

Theoretical Best

Office A

$3.02M

$2.64M – $3.53M (±1% cap)

NOI $211,580 @ 7.0% cap · market cap 7.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Alexander Bokser, DDS Dental Office Barsoum Dental Clinic Dental Office

Suggested Use

Top Pick Parking Lot & Garage Hotel & Motel Clothing & Fashion Store (Bike/Boat/Book/etc) Store Tech Support Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,381

Businesses Nearby

Explore this area Business Placement

Demographics for 11361, NY

29,116

Population

11,934

Households

2.4

Avg Household Size

43

Median Age

48%

College-Educated

88%

High-School Grad

1.7 sq mi

ZIP Area

17,127

Density / Sq Mi

$108,391

Median Household Income

$58,410

Median Earnings

$2,315

Median Rent

$900,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Brick property combines a dental suite, two residential apartments, finished basement space, and private parking in Bayside.

Where is this mixed-use property located?

The property is located at 201-24 43rd Avenue Bayside, NY.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: 4,100‑SF three‑story brick mixed‑use building constructed in 1963; Approximately 1,100‑SF dental suite with three treatment operatories; Two full‑floor apartments, each with 3 bedrooms and 2 bathrooms