Medical Office with 3-Bed
For Sale
$1,499,000
40-14 Greenpoint Avenue, Queens, NY 11104
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 Market58
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
Changed: Jul 21
Last Checked: Aug 4 at 11:34AM
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
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,785
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11104, NY
27,407
Population
13,224
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
68,518
Density / Sq Mi
$84,716
Median Household Income
$60,346
Median Earnings
$1,924
Median Rent
$665,700
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 - 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
