Five-Room Medical Office
For Sale
$629,000
69-60 108th Street #101, New York, NY 11375
The professional co-op includes a private street entrance and a second entry through the building lobby.
Property Size1,200 SF
Price / SF$524.17
Days on Market38
Property Features for 69-60 108th Street #101
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Office
Site & Location
Neighborhood
Forest Hills
Road Access
Yes
Public Transit
Yes
Additional Details
Property Use
Medical Office
Amenities
24-hour doorman
private street entrance
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Sep 23
Changed: Oct 29
Last Checked: Oct 29 at 2:53PM
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 Neil Charles Real Estate
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 1,200-square-foot professional co-op is arranged as a doctor’s office with five rooms. It has two points of entry: a private entrance from the street and another through the building lobby. The property is in a 24-hour doorman building.
A train station, shopping, and public transportation are nearby. Other professional uses are subject to co-op board approval.
A train station, shopping, and public transportation are nearby. Other professional uses are subject to co-op board approval.
Key Highlights
- 1,200 square feet configured with five rooms
- Private entrance from the street, plus a second entrance through the building lobby
- Located in a building with a 24‑hour doorman
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,575
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,500
$751.5K
Cap Rate 7%
$536,786
$536.8K
Cap Rate 9%
$417,500
$417.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$61.8K $51.48/SF
− Vacancy
−$11.7K −$9.73/SF
EGI
$50.1K $41.75/SF
− OpEx
−$12.5K −$10.44/SF
NOI
$37.6K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,500
Cap Rate 7%
$536,786
Cap Rate 9%
$417,500
Alternative Uses
Best Use
Office B
$536.8K
$469.7K – $626.3K
NOI $37,575 @ 7.0% cap · market cap 5.97%
Second Best
Healthcare Medical
$511.0K
$447.1K – $596.2K
NOI $35,770 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$2.99M
$2.61M – $3.48M
NOI $209,088 @ 7.0% cap · market cap 33.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,410
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Premier Veterinary Medical Group - Forest Hills — 11249 Queens Blvd, Forest Hills, NY 11375
- Bond Vets - Forest Hills — 70-38 Austin St, Forest Hills, NY 11375
- Bond Vet - Forest Hills — 70-38 Austin St, Forest Hills, NY 11375
- Steinway Court Veterinarian hospital — 107-28 71st Rd, Queens, NY 11375
- NYC Veterinary Specialists and 24 Hour Animal Emergency - Queens — 107-28 71st Rd, Forest Hills, NY 11375
Frequently Asked Questions
What type of property is this?
Medical Office Space - The professional co-op includes a private street entrance and a second entry through the building lobby.
Where is this medical office space located?
The property is located at 69-60 108th Street #101 New York, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 1,200 square feet configured with five rooms; Private entrance from the street, plus a second entrance through the building lobby; Located in a building with a 24‑hour doorman
