Ground-Floor Medical Office
9422 59th Avenue Unit E1, Elmhurst, NY 11373
For Sale
$410,000
A reception area, waiting room, private office and accessible restroom support a clinical office layout.
Property Size975 SF
Price / SF$420.51
Days on Market14
Property Features for 9422 59th Avenue Unit E1
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Additional Details
HOA Fee
Public Transit
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Azure Realty Group NY LLC
Listed By:
Sanja Stupar
(347) 418-2071
Source:
Barbieliteam
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 7 at 7:44PM
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 Azure Realty Group NY LLC
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Investment Insights
Based on property information with market context.
This 975-square-foot unit occupies the ground floor of the Elmhurst Medical Co-op, a building constructed in 1960. Its layout includes a waiting area, reception counter, four exam or treatment rooms, a separate administrative office and an accessible restroom.
The property is on 59th Avenue in Elmhurst, near Queens Center Mall and neighborhood pharmacies. Public transportation options include the M and R subway lines at Grand Avenue–Newtown and the Q59 and Q60 bus routes.
The property is on 59th Avenue in Elmhurst, near Queens Center Mall and neighborhood pharmacies. Public transportation options include the M and R subway lines at Grand Avenue–Newtown and the Q59 and Q60 bus routes.
Key Highlights
- 975‑square‑foot ground‑floor unit in the Elmhurst Medical Co‑op
- Four exam or treatment rooms, plus a private administrative office
- Waiting area and reception counter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,101
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,020
$642.0K
Cap Rate 7%
$458,586
$458.6K
Cap Rate 9%
$356,678
$356.7K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$49.1K $50.40/SF
− Vacancy
−$6.3K −$6.50/SF
EGI
$42.8K $43.90/SF
− OpEx
−$10.7K −$10.97/SF
NOI
$32.1K $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%
$642,020
Cap Rate 7%
$458,586
Cap Rate 9%
$356,678
Alternative Uses
Best Use
Office B
$458.6K
$401.3K – $535.0K
NOI $32,101 @ 7.0% cap · market cap 7.83%
Second Best
Healthcare Medical
$321.2K
$281.0K – $374.7K
NOI $22,482 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$718.8K
$628.9K – $838.6K
NOI $50,315 @ 7.0% cap · market cap 12.27%
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
4,485
Businesses Nearby
Under-served
Demand for This Use
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
$683,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Queens County, NY
Properties on Market for Medical Office Space in Queens County
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, waiting room, private office and accessible restroom support a clinical office layout.
Where is this medical office space located?
The property is located at 9422 59th Avenue Unit E1 Elmhurst, NY.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 975‑square‑foot ground‑floor unit in the Elmhurst Medical Co‑op; Four exam or treatment rooms, plus a private administrative office; Waiting area and reception counter
