Medical Office with 3-Bed
40-14 Greenpoint Avenue Queens, NY 11104
40-14 Greenpoint Avenue, Queens, NY, 11104
$1,499,000
For Sale
$1,499,000
For sale with a fully equipped doctor’s office plus a separate 3-bedroom apartment on the second floor.
Property Size1,360 SF
Price / SF$1,102
Days on Market44
Property Features for 40-14 Greenpoint Avenue
General Information
- Standard status
- Active
- Size
- 1,360 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1940
Listing agency
United Prestige
(718) 713-8700
Listed by
Mohammad S. Islam
(718) 713-8700
Source
Compass
Added: Jun 8 Updated: Jul 21 at 5:12PM Checked: Jul 21 at 5:12PM
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 United Prestige
Investment Insights
Based on property information with market context.
This building is available for sale with an existing doctor’s office already in place. The medical office comes fully equipped with medical equipment included in the sale and features a spacious layout with multiple exam rooms and an office.
The property also includes a second-floor, individual 3-bedroom apartment, providing an additional residential component within the same building.
Overall, the setup supports an owner-occupied or multi-purpose arrangement, combining established medical space with separate living quarters upstairs.
The property also includes a second-floor, individual 3-bedroom apartment, providing an additional residential component within the same building.
Overall, the setup supports an owner-occupied or multi-purpose arrangement, combining established medical space with separate living quarters upstairs.
Key Highlights
- Existing doctor’s office for sale with medical equipment included in the sale
- Fully equipped doctor’s office features multiple exam rooms and an office
- Separate 3‑bedroom apartment on the second floor
Local Financial Insights For Office B
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 | $68.5k | $50.40 |
| − Vacancy | −$8.8k | −$6.50 |
| EGI | $59.7k | $43.90 |
| − OpEx | −$14.9k | −$10.97 |
| NOI | $44.8k | $32.92 |
1,360 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$639.7K
$559.7K – $746.3K
NOI $44,776 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$474.9K
$415.6K – $554.1K
NOI $33,244 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.00M
$877.3K – $1.17M
NOI $70,183 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TAPE-IT
(Bike/Boat/Book/etc) Store
Dhaka Dental PC
Dental Office
Mafujul Hasan, DDS
Dental Office
Efficient Dental Care
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - For sale with a fully equipped doctor’s office plus a separate 3-bedroom apartment on the second floor.
Where is this medical office space located?
The property is located at 40-14 Greenpoint Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Existing doctor’s office for sale with medical equipment included in the sale; Fully equipped doctor’s office features multiple exam rooms and an office; Separate 3‑bedroom apartment on the second floor
