Medical Office Condominium
4104 27th Street Long Island City, NY 11101
New
4104 27th Street, Long Island City, NY, 11101
$1,123,200
For Sale
$1,123,200
SINGLE_FAMILY - Long Island City, NY
Property Size1,404 SF
Lot Size0.11 Acres
Price / SF$800
Days on Market1
Property Features for 4104 27th Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 00415-1501
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3684
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2015
Listing Agency
B Square Realty
(718) 939-8388
13620 38th Ave Ste 3E, Flushing, NY
Listed by
Yiwen Zhu · License #10301224091
(929) 366-6682
Added: Jul 17 Checked: Jul 17 at 11:06 pm
MLS# 1027693
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering consists of medical office condominium units S3 and S4 at 4104 27th Street in Long Island City. The two units are occupied by an established dental practice and generate $61,367.52 in annual rental income.
The property benefits from an ICAP tax abatement. Convenient access is provided to the E, F, M, R, and 7 subway lines, supporting day-to-day accessibility for patients and staff.
This is being marketed as an income-producing medical office condominium opportunity within a high-density residential area featuring surrounding condominium development activity.
The property benefits from an ICAP tax abatement. Convenient access is provided to the E, F, M, R, and 7 subway lines, supporting day-to-day accessibility for patients and staff.
This is being marketed as an income-producing medical office condominium opportunity within a high-density residential area featuring surrounding condominium development activity.
Key Highlights
- Commercial condominium units S3 and S4 combine for approximately 1,404 SF and are currently occupied by a dental practice
- Units S3 and S4 generate $61,367.52 in annual rental income
- Heating: electric; cooling: central air
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 | $70.8k | $50.40 |
| − Vacancy | −$9.1k | −$6.50 |
| EGI | $61.6k | $43.90 |
| − OpEx | −$15.4k | −$10.97 |
| NOI | $46.2k | $32.92 |
1,404 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$660.4K
$577.8K – $770.4K
NOI $46,225 @ 7.0% cap · market cap 4.12%
Second Best
Healthcare Medical
$462.5K
$404.7K – $539.6K
NOI $32,373 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.04M
$905.7K – $1.21M
NOI $72,453 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
4014 27th st ...
Bakery
Similar For Sale Nearby
Similar Off Market Nearby
- Long Island City Veterinary Center — 48-18 Vernon Blvd, Long Island City, NY 11101
- The Veterinarians at Court Square — 27-19 44th Dr, Queens, NY 11101
- Veterinary Eye Center of New York City (Long Island City) — 5 Ct Square W, Queens, NY 11101
- Bond Vet - Long Island City — 47-01 Vernon Blvd, Queens, NY 11101
- City Vet — 45-44 Vernon Blvd, Long Island City, NY 11101
FAQs
What type of property is this?
Medical Office Space - Units S3 and S4 are occupied by a dental practice and produce $61,367.52 in annual rental income.
Where is this medical office space located?
The property is located at 4104 27th Street Long Island City, NY.
What is the asking price?
The asking price for this property is $1,123,200.
What are key features of this property?
This property features: Commercial condominium units S3 and S4 combine for approximately 1,404 SF and are currently occupied by a dental practice; Units S3 and S4 generate $61,367.52 in annual rental income; Heating: electric; cooling: central air
