Renovated Medical Office
For Sale
Contact for pricing
53-17 Roosevelt Avenue, Woodside, NY 11377
A rear-positioned practice space shares a property with an established optical office and is available for immediate occupancy.
Property Size1,100 SF
Price / SF$5
Days on Market90
Property Features for 53-17 Roosevelt Avenue
General Information
Standard status
Active
Size
1,100 SF
Additional Details
Condition
Newly Renovated
Public Transit
Yes
Property Use
Medical Office
Medical Specialty
Medical Doctor, Primary Care, Physical Therapy, Occupational Therapy, Chiropractic Care, Acupuncture, Mental Health & Counseling, Speech Therapy, Medical Specialists, Wellness & Healthcare Providers
Building Details
Tenancy
Multi
Listing Agency:
ONE STOP MULTISERVICE INC
Listed By:
Raymond Rivera
(718) 554-0257
Source:
Davisrealtyandauction
Added: Aug 3
Changed: Oct 31
Last Checked: Oct 31 at 3:14AM
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 ONE STOP MULTISERVICE INC
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Investment Insights
Based on property information with market context.
Renovated medical office space measuring 1,100 square feet occupies the rear section of a property that also houses an established optical business. Its placement provides a separate, quieter setting within the shared property. The suite is available for immediate occupancy and is described for medical and wellness practice use.
The property is on Roosevelt Avenue in a commercial district. The 7 train is steps away, with multiple bus lines and major roadways also accessible. A professional building with numerous medical offices sits directly across the avenue, while a pharmacy is located behind the property. The neighboring optical office provides complementary services within the same property.
The property is on Roosevelt Avenue in a commercial district. The 7 train is steps away, with multiple bus lines and major roadways also accessible. A professional building with numerous medical offices sits directly across the avenue, while a pharmacy is located behind the property. The neighboring optical office provides complementary services within the same property.
Key Highlights
- 1,100‑square‑foot medical office suite
- Renovated space in the rear section of a property with an established optical office
- Steps from the 7 train, with multiple bus lines and major roadways accessible
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,364
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,280
$507.3K
Cap Rate 7%
$362,343
$362.3K
Cap Rate 9%
$281,822
$281.8K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$46.2K $42.00/SF
− Vacancy
−$3.9K −$3.57/SF
EGI
$42.3K $38.43/SF
− OpEx
−$16.9K −$15.37/SF
NOI
$25.4K $23.06/SF
Area
Queens County, NY
Vacancy
8.50%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,280
Cap Rate 7%
$362,343
Cap Rate 9%
$281,822
Alternative Uses
Best Use
Office B
$517.4K
$452.7K – $603.6K
NOI $36,216 @ 7.0% cap · market cap 658.47%
Second Best
Healthcare Medical
$362.3K
$317.1K – $422.7K
NOI $25,364 @ 7.0% cap · market cap 461.16%
Theoretical Best
Office A
$810.9K
$709.6K – $946.1K
NOI $56,765 @ 7.0% cap · market cap 1,032.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,847
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 11377, NY
91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
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 rear-positioned practice space shares a property with an established optical office and is available for immediate occupancy.
Where is this medical office space located?
The property is located at 53-17 Roosevelt Avenue Woodside, NY.
What are key features of this property?
This property features: 1,100‑square‑foot medical office suite; Renovated space in the rear section of a property with an established optical office; Steps from the 7 train, with multiple bus lines and major roadways accessible
