Medical Office with Exam
New
For Sale
$410,000
9422 59th Avenue, Elmhurst, NY 11373
Commercial Sale, Elmhurst, NY
Property Size975 SF
Price / SF$420.51
Days on Market3
Property Features for 9422 59th Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R7B
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Standard status
Active
APN
01912-1017
Additional Details
Property Use
Medical / Professional Office
Condition
Turnkey
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2059
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Building materials
Brick
Listing Agency:
Azure Realty Group NY LLC
(347) 484-9965
Listed By:
Sanja Stupar
(347) 418-2071
Added: Oct 26
Last Checked: Oct 28 at 4:06PM
MLS# 1067105
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 975-square-foot ground-floor unit is in the Elmhurst Medical Co-op building. Its layout includes a waiting area, reception counter, four private exam or treatment rooms, an administrative office, and an accessible restroom. The building dates to 1960 and has brick construction. The suite is zoned R7B, with central air conditioning and baseboard heat.
The property is on 59th Avenue in Elmhurst, near Queens Center Mall, neighborhood pharmacies, and the Grand Ave-Newtown M/R subway station. Q59 and Q60 bus service is also nearby. The surrounding corridor is described as a high-traffic commercial area.
The property is on 59th Avenue in Elmhurst, near Queens Center Mall, neighborhood pharmacies, and the Grand Ave-Newtown M/R subway station. Q59 and Q60 bus service is also nearby. The surrounding corridor is described as a high-traffic commercial area.
Key Highlights
- 975 SF ground‑floor medical office unit
- Four private exam or treatment rooms, plus a separate administrative office
- Waiting area, reception counter, and accessible restroom
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
Who owns this building?
See the owner, sales and loan history
Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- UThai — 63-55 Wetherole St, Queens, NY 11374
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- Vet In Queens/USDA Vet — CD, 9229 Queens Blvd, Queens, NY 11374
- Petco Vaccination Clinic — 6135 Junction Blvd, Rego Park, NY 11374
- Dog Nest — 9904 57th Ave, Elmhurst, NY 11373
Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-level suite includes four enclosed clinical rooms and a separate administrative office.
Where is this medical office space located?
The property is located at 9422 59th Avenue 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 SF ground‑floor medical office unit; Four private exam or treatment rooms, plus a separate administrative office; Waiting area, reception counter, and accessible restroom
