Lower-Level Office Condo
75-58 113th Street Unit C Unit C New York, NY 11375
75-58 113th Street Unit C Unit C, New York, NY, 11375
$215,000
For Sale
$215,000
Lower-level condo offers flexible office or medical use with ductless HVAC in every room and an elevator building.
Property Size437 SF
Price / SF$491.99
Days on Market88
Property Features for 75-58 113th Street Unit C Unit C
General Information
- Standard status
- Active
- Size
- 437 SF
- Property subtype
- Mixed Use
Listing agency
BERKSHIRE HATHAWAY
(929) 350-8257
Listed by
Renuka Bridglal
(929) 350-8257
Source
Xome
Added: Apr 26 Updated: Jul 21 at 3:46PM Checked: Jul 21 at 3:46PM
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 BERKSHIRE HATHAWAY
Investment Insights
Based on property information with market context.
This lower-level condo suite is suited for medical or professional office use, with the flexibility to convert to a 2-bedroom apartment. The unit is located in a well-maintained elevator building and includes ductless HVAC units in every room, an intercom system, and a wireless doorbell camera, along with a hot water heater and additional features. The current interior layout provides three rooms plus a small waiting area.
The property is one block from Queens Blvd and is close to multiple train stations and bus lines, providing convenient transit access for staff and visitors.
The listing notes low common charges and taxes, and there is no board approval required, allowing for immediate use or lease.
The property is one block from Queens Blvd and is close to multiple train stations and bus lines, providing convenient transit access for staff and visitors.
The listing notes low common charges and taxes, and there is no board approval required, allowing for immediate use or lease.
Key Highlights
- Lower‑level condo in a well‑maintained elevator building with intercom system and wireless doorbell camera
- Flexible layout for medical or professional office, with current setup of 3 rooms plus a small waiting area
- Ductless HVAC units in every room for individual heating and cooling control
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $51.48 |
| − Vacancy | −$4.3k | −$9.73 |
| EGI | $18.2k | $41.75 |
| − OpEx | −$4.6k | −$10.44 |
| NOI | $13.7k | $31.31 |
437 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$195.5K
$171.1K – $228.1K
NOI $13,684 @ 7.0% cap · market cap 6.36%
Second Best
Healthcare Medical
$186.1K
$162.8K – $217.1K
NOI $13,026 @ 7.0% cap · market cap 6.06%
Theoretical Best
Specialty Retail
$1.09M
$951.8K – $1.27M
NOI $76,143 @ 7.0% cap · market cap 35.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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Similar Off Market Nearby
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- Steinway Court Veterinarian hospital — 107-28 71st Rd, Queens, NY 11375
- Bond Vet - Forest Hills — 70-38 Austin St, Forest Hills, NY 11375
- Premier Veterinary Medical Group - Forest Hills — 11249 Queens Blvd, Forest Hills, NY 11375
- Mobile Veterinary Animal Clinic — 105-06 Metropolitan Ave, Forest Hills, NY 11375
FAQs
What type of property is this?
Medical Office Space - Lower-level condo offers flexible office or medical use with ductless HVAC in every room and an elevator building.
Where is this medical office space located?
The property is located at 75-58 113th Street Unit C Unit C New York, NY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Lower‑level condo in a well‑maintained elevator building with intercom system and wireless doorbell camera; Flexible layout for medical or professional office, with current setup of 3 rooms plus a small waiting area; Ductless HVAC units in every room for individual heating and cooling control
