Flexible Medical Office
For Sale
$325,000
57-35 Lawrence St #CF-BA, Flushing, NY 11355
Two separate access points allow the space to function as one office or two independent medical offices.
Property Size850 SF
Price / SF$382.35
Days on Market339
Property Features for 57-35 Lawrence St #CF-BA
General Information
Standard status
Active
Size
850 SF
Property subtype
Commercial
Additional Details
Property Use
Medical Office
Building Details
Building Size
850 SF
Year Built
2010
Units
1
Listing Agency:
Coldwell Banker American Homes
(718) 206-1340
Listed By:
Randolph A. Saa · License #30SA0994360
(917) 364-5645
Source:
Clairedleone
Added: Dec 1, 2025
Changed: Nov 3
Last Checked: Nov 3 at 6:19AM
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 Coldwell Banker American Homes
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Investment Insights
Based on property information with market context.
This 850-square-foot medical office condominium, built in 2010, has two access points and a layout that can serve as one office or be configured as two independent medical offices.
The property is in Flushing, within minutes of Flushing Hospital Medical Center and New York-Presbyterian Queens Hospital.
The property is in Flushing, within minutes of Flushing Hospital Medical Center and New York-Presbyterian Queens Hospital.
Key Highlights
- 850 square feet of medical office condominium space
- Two access points
- Can function as one office or two independent medical offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,985
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,700
$559.7K
Cap Rate 7%
$399,786
$399.8K
Cap Rate 9%
$310,944
$310.9K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$42.8K $50.40/SF
− Vacancy
−$5.5K −$6.50/SF
EGI
$37.3K $43.90/SF
− OpEx
−$9.3K −$10.97/SF
NOI
$28.0K $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%
$559,700
Cap Rate 7%
$399,786
Cap Rate 9%
$310,944
Alternative Uses
Best Use
Office B
$399.8K
$349.8K – $466.4K
NOI $27,985 @ 7.0% cap · market cap 8.61%
Second Best
Healthcare Medical
$280.0K
$245.0K – $326.7K
NOI $19,599 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$626.6K
$548.3K – $731.1K
NOI $43,864 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,910
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two separate access points allow the space to function as one office or two independent medical offices.
Where is this medical office space located?
The property is located at 57-35 Lawrence St #CF-BA Flushing, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 850 square feet of medical office condominium space; Two access points; Can function as one office or two independent medical offices
