Ground Level Medical Condo
8733 JUSTICE AVE Unit CK / CR Flushing, NY 11373
8733 JUSTICE AVE Unit CK / CR, Flushing, NY, 11373
$670,000
For Sale
$670,000
Ground-level medical suite condo comprises two units totaling 938 square feet with a dedicated parking space.
Property Size938 SF
Price / SF$714.29
Days on Market235
Property Features for 8733 JUSTICE AVE Unit CK / CR
General Information
- Standard status
- Active
- Size
- 938 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing agency
Block & Lot Services Inc
(718) 762-2288
Listed by
Samson Fong
(718) 762-2288
Source
Xome
Added: Nov 30, 2025 Updated: Jul 22 at 6:29PM Checked: Jul 22 at 6:29PM
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 Block & Lot Services Inc
Investment Insights
Based on property information with market context.
This ground-level medical suite/community facility condo includes two distinct units totaling 938 square feet, offered as Unit CK/CR. The space features a sprawling, versatile layout designed to support a range of healthcare and wellness operations.
Located on Justice Ave in Flushing, the property is positioned within a busy medical corridor and is described as being just steps from the commercial hub of Broadway and Queens Blvd, with proximity to major neighborhood anchors.
The condo comes with a dedicated parking space, adding convenience for staff and patients.
Located on Justice Ave in Flushing, the property is positioned within a busy medical corridor and is described as being just steps from the commercial hub of Broadway and Queens Blvd, with proximity to major neighborhood anchors.
The condo comes with a dedicated parking space, adding convenience for staff and patients.
Key Highlights
- Ground‑level medical suite/condo at 87‑08 Justice Ave
- Comprises two distinct units totaling 938 SF
- Dedicated assigned parking space included
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 | $47.3k | $50.40 |
| − Vacancy | −$6.1k | −$6.50 |
| EGI | $41.2k | $43.90 |
| − OpEx | −$10.3k | −$10.97 |
| NOI | $30.9k | $32.92 |
938 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$441.2K
$386.0K – $514.7K
NOI $30,883 @ 7.0% cap · market cap 4.61%
Second Best
Healthcare Medical
$309.0K
$270.4K – $360.5K
NOI $21,628 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$691.5K
$605.1K – $806.8K
NOI $48,405 @ 7.0% cap · market cap 7.22%
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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FAQs
What type of property is this?
Medical Office Space - Ground-level medical suite condo comprises two units totaling 938 square feet with a dedicated parking space.
Where is this medical office space located?
The property is located at 8733 JUSTICE AVE Unit CK / CR Flushing, NY.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Ground‑level medical suite/condo at 87‑08 Justice Ave; Comprises two distinct units totaling 938 SF; Dedicated assigned parking space included
