Single-Story Medical Office
For Sale
$3,000,000
270 Doughty Boulevard, Inwood, NY 11096
Class-A professional facility with dedicated parking for patients and staff.
Property Size3,409 SF
Days on Market246
Property Features for 270 Doughty Boulevard
General Information
Standard status
Active
Size
3,409 SF
Class
Class-A
Total Parking Spaces
18
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$31,999
Building Details
Building Size
3,409 SF
Year Built
2004
Buildings
1
Stories
1
Listing Agency:
Milky Forst Properties Inc
(516) 236-8416
Listed By:
Milka Forst · License #31FO0881653
(516) 236-8416
Source:
Cohenandcohenrealty
Added: Dec 4, 2025
Changed: Aug 5
Last Checked: Aug 6 at 1:53PM
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 Milky Forst Properties Inc
Investment Insights
Based on property information with market context.
This standalone medical office property was constructed in 2004 and offers a single-story configuration suited to professional healthcare operations. The Class-A building includes a flexible interior arrangement that can support treatment rooms, consultation areas, reception, and administrative functions, allowing multiple practices or a medical group to share the facility.
The property occupies a level site at 270 Doughty Boulevard in Inwood, NY 11096. A private parking lot provides 18 dedicated spaces with convenient access for visitors and employees. The building’s layout and professional setting are suited to doctors, dentists, chiropractors, and related practice users.
The property occupies a level site at 270 Doughty Boulevard in Inwood, NY 11096. A private parking lot provides 18 dedicated spaces with convenient access for visitors and employees. The building’s layout and professional setting are suited to doctors, dentists, chiropractors, and related practice users.
Key Highlights
- Single‑story Class‑A medical office building
- Constructed in 2004
- 18 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,237
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,244,740
$2.2M
Cap Rate 7%
$1,603,386
$1.6M
Cap Rate 9%
$1,247,078
$1.2M
Market Conditions
NOI Build-Up for 3,409 SF
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.
Gross rent
$171.8K $50.40/SF
− Vacancy
−$22.2K −$6.50/SF
EGI
$149.6K $43.90/SF
− OpEx
−$37.4K −$10.97/SF
NOI
$112.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,244,740
Cap Rate 7%
$1,603,386
Cap Rate 9%
$1,247,078
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,237 @ 7.0% cap · market cap 3.74%
Second Best
Healthcare Medical
$1.12M
$982.6K – $1.31M
NOI $78,605 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,921 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11096, NY
9,645
Population
2,706
Households
3.6
Avg Household Size
33
Median Age
28%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
8,038
Density / Sq Mi
$88,160
Median Household Income
$40,754
Median Earnings
$1,944
Median Rent
$604,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Class-A professional facility with dedicated parking for patients and staff.
Where is this medical office space located?
The property is located at 270 Doughty Boulevard Inwood, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Single‑story Class‑A medical office building; Constructed in 2004; 18 dedicated parking spaces
