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    41-12 77 St Queens, NY 11373

    Sponsored
    For Sale
    $7,250,000

    Five-story, 11,945 sq ft medical office building

    Property size:
    11,945 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional Class A medical office building, constructed in 2022, offers 11,945 square feet across five stories. Located at 41-12 77th Street in Elmhurst, Queens, NY 11373, this property sits on a 4,000 square foot lot and is zoned R6B/R5. The building features five units, is ADA-compliant, and boasts luxury construction with striking floor-to-ceiling windows. On-site parking accommodates four vehicles. Currently vacant, this building presents a unique owner/user or investment opportunity. Its prime location directly across from Elmhurst Hospital makes it ideal for various medical professionals and practices. The building is easily subdivisible, with individually metered gas, heating, and electric utilities per floor, maximizing flexibility and potential rental income. A significant tax abatement is in place, offering substantial savings. Conveniently located near the Roosevelt Avenue-Jackson Heights subway station (7, E, F, M, & R trains), this property ensures easy access for staff and patients. The building's powerful 480-volt utility system is suitable for a wide range of medical procedures. This is a rare opportunity to acquire a brand-new, high-quality medical office building in a thriving medical district. The asking price is $7,250,000.

    Property Features for 41-12 77 St

    General Information

    Property type
    Medical offices
    Square Feet
    11,945 SF
    Class
    A

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    5
    Units
    5

    HighLights

    • Brand new, luxury medical office building (11,945 SF) with ADA compliance and 4 on‑site parking spaces. Delivered vacant.
    • Located directly across from Elmhurst Hospital, ideal for medical professionals.
    • Excellent owner‑user or investment opportunity; features significant tax savings and prime location.
    • Conveniently located near Roosevelt Ave‑Jackson Heights subway station (7, E, F, M, & R trains).
    • Easily subdivisible with individually metered utilities per floor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.888276597171
    Latitude
    40.745068929025

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    FAQs

    What type of property is this?
    Medical office - Five-story, 11,945 sq ft medical office building
    Where is this medical office located?
    The property is located at 41-12 77 St Queens, NY.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: Brand new, luxury medical office building (11,945 SF) with ADA compliance and 4 on-site parking spaces. Delivered vacant.; Located directly across from Elmhurst Hospital, ideal for medical professionals.; Excellent owner-user or investment opportunity; features significant tax savings and prime location.
    Request Owner's contact information
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    Queens, NY 11373
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    41-12 77 St Queens, NY 11373
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