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    27-47 Crescent St Queens, NY 11102

    Sponsored
    For Lease
    $45 SF/Yr

    Prime Queens location, diverse office spaces.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 20,000 square foot Class B office building, constructed in 1992, is situated on a 0.23-acre lot at 27-47 Crescent Street in Astoria, Queens, NY 11102, at the intersection of Crescent Street and 30th Avenue. The property features a single building with elevators and offers multiple tenancy options. Available spaces range from 1,136 to 3,185 square feet, catering to a variety of business needs. The building's diverse tenant mix currently includes medical offices specializing in ophthalmology, urology, physical therapy, vascular surgery, cardiology, internal medicine, allergy, and podiatry. This strategic location offers excellent accessibility and visibility, with close proximity to Mount Sinai Hospital, enhancing its appeal to medical professionals and related businesses. The property's versatile design makes it suitable for medical, traditional, executive, creative, and coworking office spaces. This presents a unique opportunity to acquire a well-established property in a thriving Queens neighborhood. The building's established tenant base and diverse suite sizes provide immediate income potential and long-term growth opportunities.

    Property Features for 27-47 Crescent St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Class
    B
    Total Rate
    75000

    Building Details

    Year Built
    1992
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 106
    Size
    1,136 SF
    Rate per SF
    $45
    Space
    Suite 104
    Size
    1,443 SF
    Rate per SF
    $45
    Space
    Suite 107
    Size
    3,185 SF
    Rate per SF
    $45

    HighLights

    • 20,000 SF Class B office building on a 0.23‑acre lot at 27‑47 Crescent Street, Astoria, Queens, NY 11102.
    • Built in 1992, the building features elevators and multiple tenancy options.
    • Available spaces range from 1,136 to 3,185 square feet.
    • Currently houses a diverse medical tenant mix including ophthalmology, urology, and other specialties.
    • Excellent location near Mount Sinai Hospital, offering high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Emmanuel N Moustakakis, ... Cardiologist Renaissance Ob/Gyn Inc Obstetrician-Gynecologist Dr. Marios Gagos Cardiologist Varuna M. Sundaram, ... Vascular Surgeon Jian Zheng, M.D. Surgical Oncologist

    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
    -73.924275344989
    Latitude
    40.769251317587

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    FAQs

    What type of property is this?
    Coworking space - Prime Queens location, diverse office spaces.
    Where is this coworking space located?
    The property is located at 27-47 Crescent St Queens, NY.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: 20,000 SF Class B office building on a 0.23-acre lot at 27-47 Crescent Street, Astoria, Queens, NY 11102.; Built in 1992, the building features elevators and multiple tenancy options.; Available spaces range from 1,136 to 3,185 square feet.
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    Queens, NY 11102
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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
    27-47 Crescent St Queens, NY 11102
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