Medical Office Condo with Consult
C1-3063 38th St, Astoria, NY 11105
For Sale
$1,099,000
Zoning is pre-approved for medical and health-related uses.
Property Size2,196 SF
Price / SF$500.46
Days on Market15
Property Features for C1-3063 38th St
General Information
Standard status
Size
Elevators
Additional Details
Condition
Public Transit
Office Units
Property Use
Medical Specialty
Taxes and HOA fees
Annual Taxes
Amenities
open concept floor plan
4 private and 4 semi private consultation rooms
reception and waiting area
ADA-compliant restrooms
easy patient drop off
Listing Agency:
Alexiou Realty
Listed By:
Magdalini Vlachos
(718) 204-0101
Source:
Exprealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 3:28PM
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 Alexiou Realty
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Investment Insights
Based on property information with market context.
This 2,196-SF medical office condominium has an open floor plan, four private consultation rooms, and four semi-private rooms. A reception and waiting area, two ADA-compliant restrooms, and elevator access are also provided. Patient drop-off is available at the building.
The property is in Astoria near 30th Avenue and 38th Street, with access to subway lines, a public parking lot, and major roadways. Zoning is pre-approved for medical and health-related use.
The property is in Astoria near 30th Avenue and 38th Street, with access to subway lines, a public parking lot, and major roadways. Zoning is pre-approved for medical and health-related use.
Key Highlights
- 2,196‑SF medical office condominium with an open floor plan
- Four private and four semi‑private consultation rooms
- Reception and waiting area, plus two ADA‑compliant restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,301
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,020
$1.4M
Cap Rate 7%
$1,032,871
$1.0M
Cap Rate 9%
$803,344
$803.3K
Market Conditions
NOI Build-Up for 2,196 SF
Gross rent
$110.7K $50.40/SF
− Vacancy
−$14.3K −$6.50/SF
EGI
$96.4K $43.90/SF
− OpEx
−$24.1K −$10.97/SF
NOI
$72.3K $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%
$1,446,020
Cap Rate 7%
$1,032,871
Cap Rate 9%
$803,344
Alternative Uses
Best Use
Office B
$1.03M
$903.8K – $1.21M
NOI $72,301 @ 7.0% cap · market cap 6.58%
Second Best
Healthcare Medical
$723.4K
$632.9K – $843.9K
NOI $50,635 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,324 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,539
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
Median Home Value
Market
Average Price Trend$/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
Similar Off Market Nearby
- Dermatology for Animals - Astoria — 23-70 Steinway St, Astoria, NY 11105
- Astoria Veterinary Group — 23-70 Steinway St, Queens, NY 11105
- Sakal Anthony DVM — 23-54 Steinway St # 1, Astoria, NY 11105
- Dr. Jodie Smith — 23-54 Steinway St, Astoria, NY 11105
- Faber dog grooming — 21-47 78th St, Queens, NY 11370
Frequently Asked Questions
What type of property is this?
Medical Office Space - Zoning is pre-approved for medical and health-related uses.
Where is this medical office space located?
The property is located at C1-3063 38th St Astoria, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 2,196‑SF medical office condominium with an open floor plan; Four private and four semi‑private consultation rooms; Reception and waiting area, plus two ADA‑compliant restrooms
