Combined Medical Office
For Sale
$388,000
6940 Yellowstone Boulevard #9 & 10, Flushing, NY 11375
A private street-level entrance opens to a layout with reception, treatment rooms, private offices, and two bathrooms.
Property Size1,326 SF
Price / SF$292.61
Days on Market89
Property Features for 6940 Yellowstone Boulevard #9 & 10
General Information
Standard status
Active
Size
1,326 SF
Property subtype
Commercial
Additional Details
HOA Fee
$2,736
Public Transit
Yes
Office Units
2
Currently Operating
Yes
Property Use
Dental Office
Medical Specialty
dental
Building Details
Building Size
1,326 SF
Buildings
1
Tenancy
Single
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Etan Hakimi · License #1014541
(718) 268-5588
Source:
Croninreale
Added: Jul 28
Changed: Oct 23
Last Checked: Oct 23 at 4:33PM
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 Mitra Hakimi Realty Group LLC
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.
Units 9 and 10 form a 1,326-square-foot medical office co-op currently arranged as a dental practice. The combined suite has a street-level entrance, reception and waiting area, multiple treatment or consultation rooms, private offices, utility space, two bathrooms, storage, and closets. Its existing configuration supports a range of professional office functions.
The property is on Yellowstone Boulevard in Forest Hills, near Austin Street’s shops and restaurants. Forest Hills–71 Av Station serves the E, F, M, and R subway lines, and the Forest Hills LIRR station is also within walking distance. Local bus service includes the Q23 and express routes to Midtown. Forest Hills Stadium and Forest Park are nearby recreational and entertainment destinations.
The property is on Yellowstone Boulevard in Forest Hills, near Austin Street’s shops and restaurants. Forest Hills–71 Av Station serves the E, F, M, and R subway lines, and the Forest Hills LIRR station is also within walking distance. Local bus service includes the Q23 and express routes to Midtown. Forest Hills Stadium and Forest Park are nearby recreational and entertainment destinations.
Key Highlights
- Combined Units 9 and 10 provide approximately 1,326 square feet
- Existing dental‑office layout includes multiple treatment rooms, private offices, utility space, storage, and closets
- Private street‑level entrance and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,575
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,500
$611.5K
Cap Rate 7%
$436,786
$436.8K
Cap Rate 9%
$339,722
$339.7K
Market Conditions
NOI Build-Up for 1,326 SF
Gross rent
$55.7K $42.00/SF
− Vacancy
−$4.7K −$3.57/SF
EGI
$51.0K $38.43/SF
− OpEx
−$20.4K −$15.37/SF
NOI
$30.6K $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%
$611,500
Cap Rate 7%
$436,786
Cap Rate 9%
$339,722
Alternative Uses
Best Use
Office B
$623.7K
$545.7K – $727.6K
NOI $43,657 @ 7.0% cap · market cap 11.25%
Second Best
Healthcare Medical
$436.8K
$382.2K – $509.6K
NOI $30,575 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$977.5K
$855.4K – $1.14M
NOI $68,428 @ 7.0% cap · market cap 17.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,472
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
- Petco Vaccination Clinic — 9111 Metropolitan Ave, Rego Park, NY 11374
- 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
Frequently Asked Questions
What type of property is this?
Medical Office Space - A private street-level entrance opens to a layout with reception, treatment rooms, private offices, and two bathrooms.
Where is this medical office space located?
The property is located at 6940 Yellowstone Boulevard #9 & 10 Flushing, NY.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: Combined Units 9 and 10 provide approximately 1,326 square feet; Existing dental‑office layout includes multiple treatment rooms, private offices, utility space, storage, and closets; Private street‑level entrance and two bathrooms
