2717 Crescent Street #1A, Astoria, NY 11102

Building Details

Building Size 1,600 SF More

Year Built 2009 More

Listing Agency: NY Space Finders Inc l***@nyspacefinders.com Show Phone

Listed By: Faisal Gilani Show Phone

Source: Croninreale

Added: Sep 9, 2025 Changed: Nov 7 Last Checked: Nov 7 at 8:46PM

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Investment Insights

Based on property information with market context.

Built in 2009, this medical office condominium spans two levels and has a ground-floor entrance directly from the street. The layout also connects to backyard outdoor space, providing an additional feature within the unit.

The property is at 2717 Crescent Street in Astoria, with public transit and neighborhood amenities described as steps away. Major thoroughfares are also nearby.

Key Highlights

• Two‑level medical office condominium
• Private street entrance at ground level
• Direct connection to backyard outdoor space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,678

Cap Rate

5.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,053,560 $1.1M

Cap Rate 7%

$752,543 $752.5K

Cap Rate 9%

$585,311 $585.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$80.6K $50.40/SF

− Vacancy

−$10.4K −$6.50/SF

EGI

$70.2K $43.90/SF

− OpEx

−$17.6K −$10.97/SF

NOI

$52.7K $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%

$1,053,560

Cap Rate 7%

$752,543

Cap Rate 9%

$585,311

Alternative Uses

Best Use

Office B

$752.5K

$658.5K – $878.0K (±1% cap)

NOI $52,678 @ 7.0% cap · market cap 5.40%

Second Best

Healthcare Medical

$527.0K

$461.2K – $614.9K (±1% cap)

NOI $36,893 @ 7.0% cap · market cap 3.78%

Theoretical Best

Office A

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,568 @ 7.0% cap · market cap 8.47%

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

Megan Sinnwell Physician Mrs. Roslyn Sofer Physician Andrew Maynard Reid Physician Danielle Kagan Physician Ms. Heather Kelly Physician

Suggested Use

Top Pick Law Firm Nursing Home Parking Lot & Garage Home Appliance Store Catering Service Clothing & Fashion Store

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

5,893

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 11102, NY

37,468

Population

19,431

Households

1.9

Avg Household Size

36

Median Age

58%

College-Educated

90%

High-School Grad

0.7 sq mi

ZIP Area

53,526

Density / Sq Mi

$102,996

Median Household Income

$70,557

Median Earnings

$2,248

Median Rent

$779,800

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Queens County, NY

$778 Jul

$757 Aug

$797 Sep

$759 Oct

Properties on Market for Medical Office Space in Queens County

Jul

Aug

Sep

Oct

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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Similar Off Market Nearby

• ASPCA Community Veterinary Clinic - By Appointment Only — 36-02 14th St, Long Island City, NY 11106
• Veterinary Care Group - Astoria — 37-03 Broadway, Astoria, NY 11103
• Broadway Animal Clinic - Now Closed — 37-03 Broadway, Astoria, NY 11103
• Astoria Animal Hospital — 30-81 Steinway St, Queens, NY 11103
• Astoria Animal Society — 30-89 38th St LE, Astoria, NY 11103

Frequently Asked Questions

What type of property is this?

Medical Office Space - The two-level condominium combines direct street access with a connection to outdoor space.

Where is this medical office space located?

The property is located at 2717 Crescent Street #1A Astoria, NY.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Two‑level medical office condominium; Private street entrance at ground level; Direct connection to backyard outdoor space