Medical Office with
New
For Sale
$958,000
4128 150th Street #1B, Flushing, NY 11355
A separate entrance serves the basement, complementing the first-floor space for medical or professional office use.
Property Size1,619 SF
Price / SF$591.72
Days on Market2
Property Features for 4128 150th Street #1B
General Information
Standard status
Active
Size
1,619 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
R5
Additional Details
Floor
First Floor and Basement
Public Transit
Yes
Property Use
Medical Office, Professional Office
Taxes and HOA fees
Annual Taxes
$851
Amenities
Hardwood Floors
Separate Entrance to Basement
Building Details
Building Size
1,619 SF
Year Built
2014
Listing Agency:
More and More Real Estate
Listed By:
Marie Hoey
(845) 359-7676
Source:
Moreandmorerealestate
Added: Nov 1
Last Checked: Nov 1 at 2:59PM
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 More and More Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,619-square-foot medical office property includes first-floor space and a basement with its own entrance. Hardwood floors are present throughout, and the layout is also identified for professional office use. The property was built in 2014 and is zoned R5.
The property is within walking distance of the LIRR, with service to Manhattan, and a bus route to Main St. Parking includes 4 spaces and a 2-car garage.
The property is within walking distance of the LIRR, with service to Manhattan, and a bus route to Main St. Parking includes 4 spaces and a 2-car garage.
Key Highlights
- 1,619 square feet with first‑floor space and a basement
- Separate entrance to the basement
- Hardwood floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,304
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,080
$1.1M
Cap Rate 7%
$761,486
$761.5K
Cap Rate 9%
$592,267
$592.3K
Market Conditions
NOI Build-Up for 1,619 SF
Gross rent
$81.6K $50.40/SF
− Vacancy
−$10.5K −$6.50/SF
EGI
$71.1K $43.90/SF
− OpEx
−$17.8K −$10.97/SF
NOI
$53.3K $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%
$1,066,080
Cap Rate 7%
$761,486
Cap Rate 9%
$592,267
Alternative Uses
Best Use
Office B
$761.5K
$666.3K – $888.4K
NOI $53,304 @ 7.0% cap · market cap 5.56%
Second Best
Healthcare Medical
$533.3K
$466.6K – $622.2K
NOI $37,331 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,548 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,128
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A separate entrance serves the basement, complementing the first-floor space for medical or professional office use.
Where is this medical office space located?
The property is located at 4128 150th Street #1B Flushing, NY.
What is the asking price?
The asking price for this property is $958,000.
What are key features of this property?
This property features: 1,619 square feet with first‑floor space and a basement; Separate entrance to the basement; Hardwood floors throughout
