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Turnkey Office Space For Sale

3063 38th St Astoria, NY 11103

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Subdivided office space with excellent accessibility near Steinway Street.

Type:OFFICE
Property size:
1,606 SF
Price / SF:
$342/SF
Added:
Apr 28, 2026
Days on Market:
76
Last Refresh:
May 8 at 3:34 am

Property Features for 3063 38th St

General Information

Standard status
Active
Size
1,606 SF
Property subtype
OFFICE

Listing office Landair Property Advisors

Listing date Apr 28, 2026

Source Moodyscre

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 Landair Property Advisors


Investment Insights

Based on property information with market context.

This 1606 square foot commercial space is currently subdivided into 5 private rooms, offering a turnkey solution for medical, legal, or professional services. The property features a unique "triple access" configuration, including a private front walk-down entrance ideal for high-visibility branding and client arrivals, and a main condo lobby entrance for a professional, secure reception experience. The space is fully ADA compliant and accessible via elevator, ensuring seamless entry for all patients and clients. The property is situated just one block from Steinway Street, providing immediate access to the N/M subway lines.

Key Highlights

  • Unrivaled accessibility with a unique "triple access" configuration.
  • Prime location, just one block from Steinway Street and the N/M subway lines.
  • Turnkey solution: Subdivided into 5 private rooms, ideal for medical, legal, or professional services.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $67.5k $42.00
− Vacancy −$5.7k −$3.57
EGI $61.7k $38.43
− OpEx −$24.7k −$15.37
NOI $37.0k $23.06
1,606 SF · lease $42.00/SF/yr · vacancy 8.50% · expense 40.00%

Alternative Uses

Best Use
Office B
$755.4K
$661.0K – $881.3K (±1% cap)
NOI $52,876 @ 7.0% cap · market cap 9.61%
Second Best
Healthcare Medical
$529.0K
$462.9K – $617.2K (±1% cap)
NOI $37,031 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M (±1% cap)
NOI $82,877 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Latika Thakur Physician Miss Sayali Patil Physician Marina Lascarides Physician Sayali Patil Physician Ride Tady Physician

Suggested Use

Parking Lot & Garage Nursing Home Nursing Home Law Firm Clothing & Fashion Store Garden Center Adult Day Care Pet Grooming Service (Bike/Boat/Book/etc) Store Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Glasser Robert DVM — 3241R Steinway St, Long Island City, NY 11103
  • Gabriel Ordas - Steinway Court Veterinarian — 3241 Steinway St, Astoria, NY 11103
  • Steinway Court Veterinarian — 3241 Steinway St, Astoria, NY 11103
  • Robert Glasser - Steinway Court Veterinarian — 3241 Steinway St, Astoria, NY 11103
  • Louis Alvarez, DVM — 3201 36th Ave, Long Island City, NY 11106

FAQs

What type of property is this?
Medical Office Space - Subdivided office space with excellent accessibility near Steinway Street.
Where is this medical office space located?
The property is located at 3063 38th St Astoria, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Unrivaled accessibility with a unique "triple access" configuration.; Prime location, just one block from Steinway Street and the N/M subway lines.; Turnkey solution: Subdivided into 5 private rooms, ideal for medical, legal, or professional services.
Contact an agent
(646) 559-4700 Call to check price and availability
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