Street-Level Dental Office
For Sale
$388,000
6940 Yellowstone Boulevard Unit 9 & 10, Forest Hills, NY 11375
Combined co-op units configured as a dental office with a private street-level entrance and flexible exam and office rooms.
Property Size1,326 SF
Price / SF$292.61
Days on Market97
Property Features for 6940 Yellowstone Boulevard Unit 9 & 10
General Information
Standard status
Active
Size
1,326 SF
Property subtype
Business
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
Street Level
HOA Fee
$2,736
Office Units
2
Building Details
Building Size
1,326 SF
Tenancy
Multi
Abandoned
No
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Etan Hakimi · License #1014541
(718) 268-5588
Source:
Barbieliteam
Added: Jul 28
Changed: Oct 31
Last Checked: Oct 30 at 9:07PM
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.
This combined street-level medical office co-op features Units 9 & 10 at 6940 Yellowstone Boulevard and is currently configured and operating as a dental office. The two units have been seamlessly combined into one expansive professional suite with approximately 1,326 square feet of flexible space, designed for day-to-day patient care and professional services.
The suite includes its own private street-level entrance, providing direct accessibility and visibility for clients and patients. Inside, the layout features a welcoming reception and sitting area, multiple treatment or consultation rooms, private offices, utility space, abundant storage, and numerous closets. There are also two bathrooms within the suite.
With its location in Forest Hills, the space is near the Austin Street shopping and dining district. Transit access is convenient, with the Forest Hills–71 Av Station (E, F, M, and R subway lines) and the Forest Hills LIRR station within walking distance, along with nearby bus service including the Q23 and express buses to Midtown.
The suite includes its own private street-level entrance, providing direct accessibility and visibility for clients and patients. Inside, the layout features a welcoming reception and sitting area, multiple treatment or consultation rooms, private offices, utility space, abundant storage, and numerous closets. There are also two bathrooms within the suite.
With its location in Forest Hills, the space is near the Austin Street shopping and dining district. Transit access is convenient, with the Forest Hills–71 Av Station (E, F, M, and R subway lines) and the Forest Hills LIRR station within walking distance, along with nearby bus service including the Q23 and express buses to Midtown.
Key Highlights
- Combined co‑op Units 9 & 10 configured as an operating dental office
- Approximately 1,326 SF flexible medical office suite
- Private street‑level entrance for direct client and patient access
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
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,754
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 - Combined co-op units configured as a dental office with a private street-level entrance and flexible exam and office rooms.
Where is this medical office space located?
The property is located at 6940 Yellowstone Boulevard Unit 9 & 10 Forest Hills, 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 co‑op Units 9 & 10 configured as an operating dental office; Approximately 1,326 SF flexible medical office suite; Private street‑level entrance for direct client and patient access
