Street-Level Medical Office
98-120 Queens Boulevard 1b, Rego Park, NY 11374
For Sale
$299,000
Renovated, ADA-accessible suite with private rooms, reception, kitchen, storage, and central air.
Property Size1,000 SF
Price / SF$299
Days on Market54
Property Features for 98-120 Queens Boulevard 1b
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Public Transit
Utilities to Site
Additional Details
Floor
Office Units
Amenities
Central Air
Cameras
Intercoms
Large Baths with Window
Deep Eat-in Kitchen
Storage Closets
ADA Accessible
Listing Agency:
Metro Garden Realty Inc
Listed By:
Roger Mashihi
(347) 489-6828
Source:
Amodiorealestate
Added: Sep 22
Changed: Nov 11
Last Checked: Oct 7 at 2:18PM
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 Metro Garden Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1000sqft medical office co-op occupies a street-level position in a prewar building and is configured for professional or healthcare use. The layout includes five private offices or exam rooms, a reception and waiting area, a bathroom with a window, an eat-in kitchen, storage closets, and central air. The space is fully networked and wired, with cameras, intercoms, and workstations in place. It is ADA accessible and may be furnished if desired.
Located at 98-120 Queens Boulevard in Rego Park, the property sits near the R/M subway station and local and express bus service. Queens Boulevard provides access to a busy commercial corridor, with Grand Central Parkway, the Long Island Expressway, and the Van Wyck Expressway also nearby. Maintenance and common charges include property taxes, building maintenance, trash removal, heat, and hot and cold water.
Located at 98-120 Queens Boulevard in Rego Park, the property sits near the R/M subway station and local and express bus service. Queens Boulevard provides access to a busy commercial corridor, with Grand Central Parkway, the Long Island Expressway, and the Van Wyck Expressway also nearby. Maintenance and common charges include property taxes, building maintenance, trash removal, heat, and hot and cold water.
Key Highlights
- 1000sqft street‑level medical office co‑op
- Five private offices or exam rooms plus reception and waiting areas
- Central air, network wiring, cameras, intercoms, and workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,058
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,160
$461.2K
Cap Rate 7%
$329,400
$329.4K
Cap Rate 9%
$256,200
$256.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$42.0K $42.00/SF
− Vacancy
−$3.6K −$3.57/SF
EGI
$38.4K $38.43/SF
− OpEx
−$15.4K −$15.37/SF
NOI
$23.1K $23.06/SF
Area
Queens County, NY
Vacancy
8.50%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,160
Cap Rate 7%
$329,400
Cap Rate 9%
$256,200
Alternative Uses
Best Use
Office B
$470.3K
$411.6K – $548.7K
NOI $32,924 @ 7.0% cap · market cap 11.01%
Second Best
Healthcare Medical
$329.4K
$288.2K – $384.3K
NOI $23,058 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$737.2K
$645.1K – $860.1K
NOI $51,605 @ 7.0% cap · market cap 17.26%
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
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,847
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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
Similar Off Market Nearby
- The Sunnyside Pet Healthcare & Dental Center — 47-04 Greenpoint Ave, Queens, NY 11104
- Skillman Animal Clinic — 45-12 Skillman Ave, Queens, NY 11104
- Kantibhai Patel - Queens Animal Hospital — 4028 58th St, Queens, NY 11377
- Queens Animal Hospital — 4028 58th St, Queens, NY 11377
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated, ADA-accessible suite with private rooms, reception, kitchen, storage, and central air.
Where is this medical office space located?
The property is located at 98-120 Queens Boulevard 1b Rego Park, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1000sqft street‑level medical office co‑op; Five private offices or exam rooms plus reception and waiting areas; Central air, network wiring, cameras, intercoms, and workstations
