Medical Office Space With Treatment
99-04 57th Avenue Unit L1, Corona, NY 11368
For Sale
$599,000
Dental and medical layout includes treatment rooms, reception, patient waiting space, and separate front and rear entrances.
Property Size1,236 SF
Price / SF$484.63
Days on Market112
Property Features for 99-04 57th Avenue Unit L1
General Information
Standard status
Size
Elevators
Property subtype
Financials
Asking Price
Cap Rate
Gross Income
HOA Fee
Site & Location
Highway Access
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
doorman
concierge
live-in superintendent
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Winzone Realty Inc
Listed By:
Edward A. Penafiel CBR
Source:
Barbieliteam
Added: Jul 20
Changed: Nov 3
Last Checked: Nov 6 at 5:24PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This 1,236-square-foot medical office unit is arranged across 7 rooms, including multiple treatment operatories, a patient waiting area, reception and front-desk space, a closet, and 2 bathrooms. Separate front and rear entrances support organized movement through the practice. The space has operated continuously as a dental practice for over 30 years and has been maintained during that time.
The unit is within The Jefferson, a multi-story corner-lot building with a doorman, concierge, live-in superintendent, modern elevator banks, and a cellar-level indoor parking garage. Corona access includes the Long Island Expressway and Grand Central Parkway, with major MTA transit lines nearby. Purchase is subject to co-op board approval, and the property includes 570 shares in Sherwood Owners Corp.
The unit is within The Jefferson, a multi-story corner-lot building with a doorman, concierge, live-in superintendent, modern elevator banks, and a cellar-level indoor parking garage. Corona access includes the Long Island Expressway and Grand Central Parkway, with major MTA transit lines nearby. Purchase is subject to co-op board approval, and the property includes 570 shares in Sherwood Owners Corp.
Key Highlights
- 1,236‑square‑foot medical office unit arranged across 7 rooms
- Multiple treatment operatories, waiting area, reception, closet, and 2 bathrooms
- Operating continuously as a dental practice for over 30 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,694
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,880
$813.9K
Cap Rate 7%
$581,343
$581.3K
Cap Rate 9%
$452,156
$452.2K
Market Conditions
NOI Build-Up for 1,236 SF
Gross rent
$62.3K $50.40/SF
− Vacancy
−$8.0K −$6.50/SF
EGI
$54.3K $43.90/SF
− OpEx
−$13.6K −$10.97/SF
NOI
$40.7K $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%
$813,880
Cap Rate 7%
$581,343
Cap Rate 9%
$452,156
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
Market
Average Price Trend$/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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental and medical layout includes treatment rooms, reception, patient waiting space, and separate front and rear entrances.
Where is this medical office space located?
The property is located at 99-04 57th Avenue Unit L1 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: 1,236‑square‑foot medical office unit arranged across 7 rooms; Multiple treatment operatories, waiting area, reception, closet, and 2 bathrooms; Operating continuously as a dental practice for over 30 years
