Woodside Medical/Community Facility
For Sale
$4,200,000
63-14 Queens Blvd ABCDEFGHJL, Queens, NY 11377
Corner property suitable for medical, educational, or community uses.
Property Size7,923 SF
Days on Market187
Property Features for 63-14 Queens Blvd ABCDEFGHJL
General Information
Standard status
Active
Size
7,923 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$91,718
Building Details
Building Size
7,923 SF
Year Built
2010
Units
10
Listing Agency:
EXP Realty
Listed By:
Vincent Koo CBR SRS
(917) 920-6386
Source:
Elliman
Added: Apr 15
Changed: Oct 15
Last Checked: Oct 16 at 11:07AM
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 EXP Realty
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Investment Insights
Based on property information with market context.
Located at 63-14 Queens Boulevard in Woodside, this corner property presents a spacious opportunity for medical or community facility use. The modern, elevator building was previously operated as a college dormitory and features a turnkey layout suitable for various community facility uses, including medical offices, educational institutions, wellness or treatment centers, and professional practices. The property offers current in-place income and additional upside, allowing a new owner to reposition or re-lease on their own terms. The floor plan includes efficiently sized suites that can be combined or demised, ample natural light, modern systems, and a configuration that supports both private offices and shared common areas. The property benefits from excellent visibility and access along Queens Boulevard, with proximity to multiple subway lines, bus routes, and major highways providing connections to Manhattan and the rest of Queens. The surrounding neighborhood features dense residential blocks, retail corridors, schools, and medical facilities. This property is suited for investors or end users seeking stable income with value-add potential through lease-up of vacant units, programmatic upgrades, or a full repositioning while leveraging the existing dormitory-style infrastructure. The location is very bikeable (bike score 78), a walker's paradise (walk score 97) and a rider's paradise (transit score 100).
Key Highlights
- Prime location on Queens Boulevard with exceptional visibility, accessibility, high walk score (97) and transit score (100).
- Turnkey medical/community facility layout, previously a college dormitory, suitable for various uses.
- Strong in‑place income with upside potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,689
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,653,780
$3.7M
Cap Rate 7%
$2,609,843
$2.6M
Cap Rate 9%
$2,029,878
$2.0M
Market Conditions
NOI Build-Up for 7,923 SF
Gross rent
$332.8K $42.00/SF
− Vacancy
−$28.3K −$3.57/SF
EGI
$304.5K $38.43/SF
− OpEx
−$121.8K −$15.37/SF
NOI
$182.7K $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%
$3,653,780
Cap Rate 7%
$2,609,843
Cap Rate 9%
$2,029,878
Alternative Uses
Best Use
Healthcare Medical
$2.61M
$2.28M – $3.04M
NOI $182,689 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.84M
$5.11M – $6.81M
NOI $408,865 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,632
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Medical center - Corner property suitable for medical, educational, or community uses.
Where is this medical center located?
The property is located at 63-14 Queens Blvd ABCDEFGHJL Queens, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Prime location on Queens Boulevard with exceptional visibility, accessibility, high walk score (97) and transit score (100).; Turnkey medical/community facility layout, previously a college dormitory, suitable for various uses.; Strong in‑place income with upside potential.
