New Medical Office
441 FRANKLIN AVE Franklin Square, NY 11010
441 FRANKLIN AVE, Franklin Square, NY, 11010
$2,990,000
For Sale
$2,990,000
Newly constructed medical and professional office building with elevator access and ample on-site parking in a high-traffic corridor.
Property Size9,800 SF
Price / SF$305.10
Days on Market161
Property Features for 441 FRANKLIN AVE
General Information
- Standard status
- Active
- Size
- 9,800 SF
- Property subtype
- Office
Listing agency
Sung & Associates Real Estate
(516) 236-1937
Listed by
Connie Chan
(516) 236-1937
Source
Xome
Added: Feb 12 Updated: Jul 23 at 12:09AM Checked: Jul 23 at 12:09AM
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 Sung & Associates Real Estate
Investment Insights
Based on property information with market context.
Newly constructed medical and professional office building offering 7,500 square feet designed for modern business use. The building features a contemporary office buildout and is fully ADA compliant, including elevator access to support access to all levels.
Located at 441 Franklin Ave in Franklin Square, NY, the property sits in a high-traffic corridor intended to provide strong visibility for both staff and clients. The site includes ample on-site parking to accommodate patient and client volume, with an emphasis on efficient guest flow from arrival through the building.
This standalone office building is presented as ready for medical or professional occupancy, with the layout and compliance standards described as suited to urgent care, specialized clinics, or private practices.
Located at 441 Franklin Ave in Franklin Square, NY, the property sits in a high-traffic corridor intended to provide strong visibility for both staff and clients. The site includes ample on-site parking to accommodate patient and client volume, with an emphasis on efficient guest flow from arrival through the building.
This standalone office building is presented as ready for medical or professional occupancy, with the layout and compliance standards described as suited to urgent care, specialized clinics, or private practices.
Key Highlights
- Newly constructed 7,500 sq. ft. medical and professional office building
- ADA compliant with elevator access to all levels
- Central air cooling and heating system included
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 | $332.8k | $33.96 |
| − Vacancy | −$46.3k | −$4.72 |
| EGI | $286.5k | $29.24 |
| − OpEx | −$114.6k | −$11.70 |
| NOI | $171.9k | $17.54 |
9,800 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.46M
$2.15M – $2.87M
NOI $171,929 @ 7.0% cap · market cap 5.75%
Second Best
Office B
$2.41M
$2.11M – $2.81M
NOI $168,515 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$6.48M
$5.67M – $7.56M
NOI $453,569 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- A & A Veterinary Hospital Inc — 414 franklin ave, franklin square, ny 11010
- Anastasiou Dimitrios DVM — 414 Franklin Ave, Franklin Square, NY 11010
- Petco Vaccination Clinic — 710 franklin ave, franklin square, ny 11010
- Blomquist Richard C DVM — 414 franklin ave, franklin square, ny 11010
- A & A Veterinary Hospital — 414 Franklin Ave, Franklin Square, NY 11010
FAQs
What type of property is this?
Medical Office Space - Newly constructed medical and professional office building with elevator access and ample on-site parking in a high-traffic corridor.
Where is this medical office space located?
The property is located at 441 FRANKLIN AVE Franklin Square, NY.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Newly constructed 7,500 sq. ft. medical and professional office building; ADA compliant with elevator access to all levels; Central air cooling and heating system included
