Ground-Floor Medical Office
For Sale
$410,000
E1-9422 59th Ave, Elmhurst, NY 11378
Four exam rooms, a reception area, and a separate administrative office form the unit’s practical interior layout.
Property Size975 SF
Price / SF$420.51
Days on Market12
Property Features for E1-9422 59th Ave
General Information
Standard status
Active
Size
975 SF
Space & Availability
Floor
Ground Floor
Condition
Turnkey
Additional Details
HOA Fee
$439.73
Public Transit
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$2,059
Listing Agency:
Azure Realty Group NY LLC
(347) 484-9965
Listed By:
Sanja Stupar
(347) 418-2071
Source:
Exprealty
Added: Oct 26
Changed: Nov 4
Last Checked: Nov 4 at 3:05PM
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 Azure Realty Group NY LLC
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 975-square-foot ground-floor unit is located in the Elmhurst Medical Co-op building. Its layout includes a waiting area, reception counter and desk, four private exam or treatment rooms, a separate administrative office, and an accessible restroom. The space is offered for sale or lease.
The property is in Elmhurst, steps from Queens Center Mall and neighborhood pharmacies. Nearby transit includes the M and R subway lines at Grand Ave-Newtown and the Q59 and Q60 bus routes.
The property is in Elmhurst, steps from Queens Center Mall and neighborhood pharmacies. Nearby transit includes the M and R subway lines at Grand Ave-Newtown and the Q59 and Q60 bus routes.
Key Highlights
- 975 SF ground‑floor unit in the Elmhurst Medical Co‑op building
- Four private exam or treatment rooms
- Waiting area and reception counter/desk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,101
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,020
$642.0K
Cap Rate 7%
$458,586
$458.6K
Cap Rate 9%
$356,678
$356.7K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$49.1K $50.40/SF
− Vacancy
−$6.3K −$6.50/SF
EGI
$42.8K $43.90/SF
− OpEx
−$10.7K −$10.97/SF
NOI
$32.1K $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%
$642,020
Cap Rate 7%
$458,586
Cap Rate 9%
$356,678
Alternative Uses
Best Use
Office B
$458.6K
$401.3K – $535.0K
NOI $32,101 @ 7.0% cap · market cap 7.83%
Second Best
Healthcare Medical
$321.2K
$281.0K – $374.7K
NOI $22,482 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$718.8K
$628.9K – $838.6K
NOI $50,315 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11378, NY
38,288
Population
14,522
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
15,953
Density / Sq Mi
$84,762
Median Household Income
$52,281
Median Earnings
$1,932
Median Rent
$832,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- A Animal Clinic of Queens: Thomas Robert W DVM — 6512 Fresh Pond Rd, Flushing, NY 11385
- Antelyes Animal Hospital — 6209 Fresh Pond Rd, Middle Village, NY 11379
- Veterinary Care Group - Middle Village — 6209 Fresh Pond Rd, Middle Village, NY 11379
- Maspeth Animal Hospital — 71-08 Grand Ave, Maspeth, NY 11378
- InstaVet - At Home End of Life Care — 71-08 grand ave, maspeth, ny 11378
Frequently Asked Questions
What type of property is this?
Medical Office Space - Four exam rooms, a reception area, and a separate administrative office form the unit’s practical interior layout.
Where is this medical office space located?
The property is located at E1-9422 59th Ave Elmhurst, NY.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 975 SF ground‑floor unit in the Elmhurst Medical Co‑op building; Four private exam or treatment rooms; Waiting area and reception counter/desk
