Dental Clinic Condo with Four
For Sale
$1,300,000
59-04 Junction Boulevard, Rego Park, NY 11374
1,200-sqft dental unit with four operatories, patient waiting area, and included working equipment and fixtures.
Property Size1,200 SF
Price / SF$1,083
Days on Market264
Property Features for 59-04 Junction Boulevard
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
1
Property subtype
Business
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,559
Building Details
Building Size
1,200 SF
Listing Agency:
LAFFEY REAL ESTATE
Listed By:
Hemant Shah · License #10301206464
(516) 263-9624
Source:
Cbwarburg
Added: Dec 19, 2025
Changed: Sep 8
Last Checked: Aug 4 at 7:16AM
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 LAFFEY REAL ESTATE
Investment Insights
Based on property information with market context.
For sale is a dental practice condo/unit currently offered as an operating business. The practice has been in business for 35 years and provides services including dental implants, TMJ treatment, and overall surgical procedures. The unit is approximately 1,200 square feet and includes four operatories, a waiting room, reception desk, private room/office, staff room, sterilization room, and one bathroom. Equipment is stated to be in working condition, and furniture and fixtures are included in the sale.
The practice is currently open 3 days per week (18 hours total) and is reported to be generating $250,000 annually with a few hundred patients, with potential for additional demand based on the limited current schedule. Maintenance is $945.28 per month, and the sale includes a parking spot for $327.00 per month. The condo is located at 59-04 Junction Blvd in Elmhurst, NY.
The practice is currently open 3 days per week (18 hours total) and is reported to be generating $250,000 annually with a few hundred patients, with potential for additional demand based on the limited current schedule. Maintenance is $945.28 per month, and the sale includes a parking spot for $327.00 per month. The condo is located at 59-04 Junction Blvd in Elmhurst, NY.
Key Highlights
- $250,000 annual revenue (practice in business for 35 years) with a patient base of a few hundred
- Dental practice offers Dental Implants, TMJ treatment, and surgical procedures
- 1,200‑sqft unit with 4 operatories, patient waiting room, reception desk, private room/office, and staff room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$790,180
$790.2K
Cap Rate 7%
$564,414
$564.4K
Cap Rate 9%
$438,989
$439.0K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$60.5K $50.40/SF
− Vacancy
−$7.8K −$6.50/SF
EGI
$52.7K $43.90/SF
− OpEx
−$13.2K −$10.97/SF
NOI
$39.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$790,180
Cap Rate 7%
$564,414
Cap Rate 9%
$438,989
Alternative Uses
Best Use
Office B
$564.4K
$493.9K – $658.5K
NOI $39,509 @ 7.0% cap · market cap 3.04%
Second Best
Healthcare Medical
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,926 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,135
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
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 - 1,200-sqft dental unit with four operatories, patient waiting area, and included working equipment and fixtures.
Where is this medical office space located?
The property is located at 59-04 Junction Boulevard Rego Park, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: $250,000 annual revenue (practice in business for 35 years) with a patient base of a few hundred; Dental practice offers Dental Implants, TMJ treatment, and surgical procedures; 1,200‑sqft unit with 4 operatories, patient waiting room, reception desk, private room/office, and staff room
