Medical Office Condo with Dual
For Sale
$325,000
57-35 Lawrence Street #CF-1, Flushing, NY 11355
The suite can function as one practice or be divided into two independent medical offices.
Property Size850 SF
Price / SF$382.35
Days on Market20
Property Features for 57-35 Lawrence Street #CF-1
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:
Croninreale
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 9:54AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 850-square-foot medical office condo at 57-35 Lawrence Street, Flushing, dates to 2010. Two entrances support a layout for either one medical practice or two separate offices.
Flushing Hospital Medical Center and NewYork-Presbyterian Queens Hospital are both within minutes of the property.
Flushing Hospital Medical Center and NewYork-Presbyterian Queens Hospital are both within minutes of the property.
Key Highlights
- 850‑square‑foot medical office condo
- Two entrances allow for a single office or two independent medical offices
- Built in 2010
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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite can function as one practice or be divided into two independent medical offices.
Where is this medical office space located?
The property is located at 57-35 Lawrence Street #CF-1 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‑foot medical office condo; Two entrances allow for a single office or two independent medical offices; Built in 2010
