Professional Office Unit with
For Sale
$187,000
87-14 57th Road #Prof C, Elmhurst, NY 11373
An elevator-served professional unit includes a private balcony, built-in cooking appliances, and access to laundry facilities.
Property Size328 SF
Price / SF$570.12
Days on Market271
Property Features for 87-14 57th Road #Prof C
General Information
Standard status
Active
Size
328 SF
Elevators
Yes
Property subtype
Commercial
Zoning
R6B
Additional Details
Condition
Move-in Ready
Public Transit
Yes
Property Use
Professional
Taxes and HOA fees
Annual Taxes
$2,980
Amenities
private balcony
cooking oven
refrigerator
washer & dryer
Building Details
Building Size
328 SF
Year Built
1986
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Victoria Chang
(347) 781-8888
Source:
Croninreale
Added: Jan 27
Changed: Oct 23
Last Checked: Oct 23 at 5:11PM
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 Winzone Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 328-square-foot commercial professional unit is in an elevator building at 87-14 57th Road, #Prof C, in Elmhurst. The space has been freshly painted and includes a new oven and refrigerator; light food preparation is permitted. A private balcony extends from the unit, with floor-to-ceiling grid windows bringing natural light into the interior.
Building laundry facilities include a washer and dryer. The property is two blocks from the M and R subway lines and near shops and restaurants. The unit is identified for legal commercial and professional use, with R6B zoning.
Building laundry facilities include a washer and dryer. The property is two blocks from the M and R subway lines and near shops and restaurants. The unit is identified for legal commercial and professional use, with R6B zoning.
Key Highlights
- 328 SF commercial professional unit
- Private balcony with floor‑to‑ceiling grid windows
- Elevator building with washer and dryer facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,799
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,980
$216.0K
Cap Rate 7%
$154,271
$154.3K
Cap Rate 9%
$119,989
$120.0K
Market Conditions
NOI Build-Up for 328 SF
Gross rent
$16.5K $50.40/SF
− Vacancy
−$2.1K −$6.50/SF
EGI
$14.4K $43.90/SF
− OpEx
−$3.6K −$10.97/SF
NOI
$10.8K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,980
Cap Rate 7%
$154,271
Cap Rate 9%
$119,989
Alternative Uses
Best Use
Office B
$154.3K
$135.0K – $180.0K
NOI $10,799 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.8K
$211.6K – $282.1K
NOI $16,926 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - An elevator-served professional unit includes a private balcony, built-in cooking appliances, and access to laundry facilities.
Where is this office unit located?
The property is located at 87-14 57th Road #Prof C Elmhurst, NY.
What is the asking price?
The asking price for this property is $187,000.
What are key features of this property?
This property features: 328 SF commercial professional unit; Private balcony with floor‑to‑ceiling grid windows; Elevator building with washer and dryer facilities
