Medical Office Condo
8708 JUSTICE AVE Unit C2 Flushing, NY 11373
8708 JUSTICE AVE Unit C2, Flushing, NY, 11373
$250,000
For Sale
$250,000
Condo unit at Queens Center Plaza in a multi-provider medical building with HOA and low taxes.
Property Size416 SF
Price / SF$600.96
Days on Market137
Property Features for 8708 JUSTICE AVE Unit C2
General Information
- Standard status
- Active
- Size
- 416 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1986
Listing Agency
Prime Realty
(646) 243-2821
Listed by
Aislyn Zhu · License #10401305922
(646) 243-2821
Source
Xome
Added: Mar 6 Updated: Jul 20 at 5:38 pm Checked: Jul 20 at 5:38 pm
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 Prime Realty
Investment Insights
Based on property information with market context.
This sale offering is for an individual condo unit (Unit C2) within Queens Center Plaza. The property is described as an affordable option for either retail or medical office use, and it is part of a larger, multi-provider medical condo building.
Public remarks identify Queens Center Plaza as a major medical hub with numerous healthcare providers on-site, including Northwell Health Physician Partners (Ob/Gyn), MB Medical Associates, and Elmhurst Digestive and Liver Diseases, along with various specialists. The building is positioned near Broadway and Queens Blvd, with easy access to the M/R trains and bus lines Q53, Q58, Q59, and Q60.
HOA is listed as $332.50 per month, and the unit is described as having low taxes. If you are looking for a medical-focused condo environment with established provider occupancy, this Unit C2 offering is a fit to review.
Public remarks identify Queens Center Plaza as a major medical hub with numerous healthcare providers on-site, including Northwell Health Physician Partners (Ob/Gyn), MB Medical Associates, and Elmhurst Digestive and Liver Diseases, along with various specialists. The building is positioned near Broadway and Queens Blvd, with easy access to the M/R trains and bus lines Q53, Q58, Q59, and Q60.
HOA is listed as $332.50 per month, and the unit is described as having low taxes. If you are looking for a medical-focused condo environment with established provider occupancy, this Unit C2 offering is a fit to review.
Key Highlights
- Condo unit at Queens Center Plaza (multi‑provider medical building) at 87‑08 Justice Ave in Elmhurst
- HOA is $332.50 per month
- Major medical condo building with numerous healthcare providers, including Northwell Health Physician Partners (Ob/Gyn), MB Medical Associates, and Elmhurst Digestive and Liver Diseases
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 | $21.0k | $50.40 |
| − Vacancy | −$2.7k | −$6.50 |
| EGI | $18.3k | $43.90 |
| − OpEx | −$4.6k | −$10.97 |
| NOI | $13.7k | $32.92 |
416 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$195.7K
$171.2K – $228.3K
NOI $13,696 @ 7.0% cap · market cap 5.48%
Second Best
Healthcare Medical
$137.0K
$119.9K – $159.9K
NOI $9,592 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$306.7K
$268.4K – $357.8K
NOI $21,468 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Yassaman Gidfar, MA
Physician
Excellence in Dental Health
Dental Office
Stat Medical Laboratories
Medical Laboratory
Childs Center of New ...
Social Service Agency
Huang Eric DDS
Dental Office
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FAQs
What type of property is this?
Medical Office Space - Condo unit at Queens Center Plaza in a multi-provider medical building with HOA and low taxes.
Where is this medical office space located?
The property is located at 8708 JUSTICE AVE Unit C2 Flushing, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Condo unit at Queens Center Plaza (multi‑provider medical building) at 87‑08 Justice Ave in Elmhurst; HOA is $332.50 per month; Major medical condo building with numerous healthcare providers, including Northwell Health Physician Partners (Ob/Gyn), MB Medical Associates, and Elmhurst Digestive and Liver Diseases
