Medical Office with Treatment
For Sale
$449,000
212-30 23 ave l2, Queens, NY 11360
Former dental practice with dedicated entry, private office, laboratory, and central air conditioning.
Property Size1,500 SF
Days on Market49
Property Features for 212-30 23 ave l2
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
Lobby floor
HOA Fee
$1,700
Taxes and HOA fees
Annual Taxes
$9,000
Amenities
dedicated entrance
central air conditioning
Building Details
Building Size
1,500 SF
Year Built
1963
Stories
1
Units
1
Listing Agency:
Keystone Realty USA
Listed By:
Lisa Tai
(631) 486-1126
Source:
Elliman
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 6:56AM
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 Keystone Realty USA
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 medical office property at 212-30 23 Ave, L2, includes five treatment rooms, one laboratory, one private office, and 1.5 baths. The former dental practice has its own dedicated entrance and is located in a building with central air conditioning. Constructed in 1963, the building is described as well maintained.
The property is positioned in the Bay Terrace section of Bayside, near residential condominiums and cooperatives, Bay Terrace Shopping Mall, and a public library. Fort Totten Park is within walking distance. Access is available via Cross Island Parkway, Bell Boulevard, and the Long Island Expressway. An express bus stop serving the Q13 and Q28 routes is a one-minute walk away, while the LIRR on Bell Boulevard provides access to Flushing and the 7 subway line.
The property is positioned in the Bay Terrace section of Bayside, near residential condominiums and cooperatives, Bay Terrace Shopping Mall, and a public library. Fort Totten Park is within walking distance. Access is available via Cross Island Parkway, Bell Boulevard, and the Long Island Expressway. An express bus stop serving the Q13 and Q28 routes is a one-minute walk away, while the LIRR on Bell Boulevard provides access to Flushing and the 7 subway line.
Key Highlights
- Five treatment rooms, one laboratory, one private office, and 1.5 baths
- Dedicated entrance for the former dental office
- Central air conditioning in a 1963 building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,587
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,740
$691.7K
Cap Rate 7%
$494,100
$494.1K
Cap Rate 9%
$384,300
$384.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$63.0K $42.00/SF
− Vacancy
−$5.4K −$3.57/SF
EGI
$57.6K $38.43/SF
− OpEx
−$23.1K −$15.37/SF
NOI
$34.6K $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%
$691,740
Cap Rate 7%
$494,100
Cap Rate 9%
$384,300
Alternative Uses
Best Use
Office B
$705.5K
$617.3K – $823.1K
NOI $49,386 @ 7.0% cap · market cap 11.00%
Second Best
Healthcare Medical
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,407 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11360, NY
20,039
Population
9,874
Households
2
Avg Household Size
52
Median Age
49%
College-Educated
87%
High-School Grad
1.4 sq mi
ZIP Area
14,314
Density / Sq Mi
$100,250
Median Household Income
$67,810
Median Earnings
$2,329
Median Rent
$692,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Astoria Animal Emergency — 25-70 31st St, Astoria, NY 11102
- Dermatology for Animals - Astoria — 23-70 Steinway St, Astoria, NY 11105
- Astoria Veterinary Group — 23-70 Steinway St, Queens, NY 11105
- Sakal Anthony DVM — 23-54 Steinway St # 1, Astoria, NY 11105
- Dr. Jodie Smith — 23-54 Steinway St, Astoria, NY 11105
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former dental practice with dedicated entry, private office, laboratory, and central air conditioning.
Where is this medical office space located?
The property is located at 212-30 23 ave l2 Queens, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Five treatment rooms, one laboratory, one private office, and 1.5 baths; Dedicated entrance for the former dental office; Central air conditioning in a 1963 building
