Medical Office Condo with Dual
For Sale
$348,888
57-35 Lawrence St Unit CF-BA, Flushing, NY 11355
Flexible layout accommodates one large practice or two independent medical offices with separate access points.
Property Size850 SF
Price / SF$410.46
Days on Market246
Property Features for 57-35 Lawrence St Unit CF-BA
General Information
Standard status
Active
Size
850 SF
Property subtype
Business
Building Details
Building Size
850 SF
Year Built
2010
Listing Agency:
Coldwell Banker American Homes
(917) 364-5645
Listed By:
Randolph A. Saa
Source:
Cbwarburg
Added: Dec 1, 2025
Changed: Jul 31
Last Checked: Aug 4 at 9:04AM
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
Investment Insights
Based on property information with market context.
This community facility condo offers 850 square feet of medical office space in a building constructed in 2010. Its strategic layout can accommodate one large medical office or two independent practices, with two access points positioned on opposite sides of the building.
The property is located at 57-35 Lawrence St Unit CF-BA in Flushing, within minutes of Flushing Hospital Medical Center and New York-Presbyterian Queens Hospital. The configuration provides flexibility for a private practice or an additional office location for an established physician.
The property is located at 57-35 Lawrence St Unit CF-BA in Flushing, within minutes of Flushing Hospital Medical Center and New York-Presbyterian Queens Hospital. The configuration provides flexibility for a private practice or an additional office location for an established physician.
Key Highlights
- 850‑square‑foot medical office condo
- Flexible layout for one large office or two independent medical offices
- Two access points positioned on opposite sides of the building
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 | $42.8k | $50.40 |
| − Vacancy | −$5.5k | −$6.50 |
| EGI | $37.3k | $43.90 |
| − OpEx | −$9.3k | −$10.97 |
| NOI | $28.0k | $32.92 |
850 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$399.8K
$349.8K – $466.4K
NOI $27,985 @ 7.0% cap · market cap 8.02%
Second Best
Healthcare Medical
$280.0K
$245.0K – $326.7K
NOI $19,599 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$626.6K
$548.3K – $731.1K
NOI $43,864 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible layout accommodates one large practice or two independent medical offices with separate access points.
Where is this medical office space located?
The property is located at 57-35 Lawrence St Unit CF-BA Flushing, NY.
What is the asking price?
The asking price for this property is $348,888.
What are key features of this property?
This property features: 850‑square‑foot medical office condo; Flexible layout for one large office or two independent medical offices; Two access points positioned on opposite sides of the building
