Medical Co-Op Office
99-04 57th Avenue Corona, NY 11368
New
99-04 57th Avenue, Corona, NY, 11368
$599,000
For Sale
$599,000
SINGLE_FAMILY - Corona, NY
Property Size1,236 SF
Price / SF$484.63
Days on Market2
Property Features for 99-04 57th Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Garage
- Standard status
- Active
- APN
- 01945-0001-00099-004-00000L1
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 570
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1962
- Floors in Building
- 6
- Flooring type
- Vinyl
- Building materials
- Brick
Listing Agency
Winzone Realty Inc
(718) 899-7000
8115 Queens Blvd Ste 2A, ELMHURST, NY
Listed by
Edward A. Penafiel CBR
(646) 217-8119
Added: Jul 20 Checked: Jul 21 at 5:06 am
MLS# 1028503
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.
Investment Insights
Based on property information with market context.
Unit #LH is a medical/dental co-op office suite spanning 1,236 square feet and professionally configured into seven rooms. The layout includes multiple treatment operatories, a patient waiting area, dedicated reception and front desk, a closet, and two bathrooms. The suite has front and rear entry doors, designed to provide control over patient flow.
The unit is located in The Jefferson, a full-service multi-story building on a corner lot offering a doorman, concierge, live-in superintendent, and modern elevator banks. The building also includes cellar-level indoor parking. The setting is in Corona with direct access to the Long Island Expressway and Grand Central Parkway, and it is described as being steps from multiple MTA transit lines.
Ownership involves co-op approval. The owner holds 570 shares in Sherwood Owners Corp., and monthly maintenance is $940.39 with real estate taxes included. Co-op financing is available through select lenders with standard equity requirements of 20%, and purchase is subject to board approval. A private showing can be scheduled with 24-hour notice required.
The unit is located in The Jefferson, a full-service multi-story building on a corner lot offering a doorman, concierge, live-in superintendent, and modern elevator banks. The building also includes cellar-level indoor parking. The setting is in Corona with direct access to the Long Island Expressway and Grand Central Parkway, and it is described as being steps from multiple MTA transit lines.
Ownership involves co-op approval. The owner holds 570 shares in Sherwood Owners Corp., and monthly maintenance is $940.39 with real estate taxes included. Co-op financing is available through select lenders with standard equity requirements of 20%, and purchase is subject to board approval. A private showing can be scheduled with 24-hour notice required.
Key Highlights
- 9904 57th Avenue commercial dental/medical co‑op unit #LH with 1,236 SF across 7 professionally configured rooms.
- Includes multiple treatment operatories, patient waiting area, dedicated reception/front desk, closet, and 2 bathrooms.
- Operating as a dental practice continuously for over 30 years; front and rear entry doors help control patient flow.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.3k | $50.40 |
| − Vacancy | −$8.0k | −$6.50 |
| EGI | $54.3k | $43.90 |
| − OpEx | −$13.6k | −$10.97 |
| NOI | $40.7k | $32.92 |
1,236 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$581.3K
$508.7K – $678.2K
NOI $40,694 @ 7.0% cap · market cap 6.79%
Second Best
Healthcare Medical
$407.1K
$356.3K – $475.0K
NOI $28,500 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$911.2K
$797.3K – $1.06M
NOI $63,784 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Johnson's Academy LLC
Daycare Center
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Medical/dental co-op suite with seven configured rooms, treatment operatories, patient reception, two bathrooms, and front and rear entry doors.
Where is this medical office space located?
The property is located at 99-04 57th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 9904 57th Avenue commercial dental/medical co‑op unit #LH with 1,236 SF across 7 professionally configured rooms.; Includes multiple treatment operatories, patient waiting area, dedicated reception/front desk, closet, and 2 bathrooms.; Operating as a dental practice continuously for over 30 years; front and rear entry doors help control patient flow.
