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Property profile & analytics
OFF-MARKET
Office Spaces

30-16 30Th Dr Queens, NY 11102

15,600 SF
Property ID
Property summary
AI-generated overview

This exceptional Class A, seven-story medical office building, totaling 15,600 square feet, is situated in the vibrant Astoria neighborhood of Queens, New York. Located at 30-16 30th Drive, 11102, this multi-tenant property boasts 100% occupancy across 14 units, offering a compelling investment opportunity. The building features modern, clean units with spacious exam rooms, administrative areas, and consultation spaces. Current tenants represent a diverse range of medical specialties, including internal medicine, plastic surgery, dermatology, ENT, general and bariatric surgery, oncology, and podiatry. The asking price is $11,200,000, representing a compelling cap rate of 3.89% and a price per square foot of $821. Recent lease enhancements have significantly improved building financials, including a new five-year lease on a 1,500 square foot space at $44 per square foot with annual 3% increases, and two 1,500 square foot office leases with rent increases from $5,200 to $6,500 per month. The property sits on a 3,049 square foot lot and is conveniently located a short walk from Mount Sinai Hospital Queens. Complete financial statements are available upon request. This is a rare opportunity to acquire a fully occupied, high-performing medical office building in a prime location with strong tenant stability. The building is offered as a NNN lease.

Property profile
Verified
Property type Office Spaces
Total area 15,600 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Patty Yu, DO Physician
  • Nicholas Thomas Skipitaris, MD Physician
  • Applied Health Chiropractic Alternative Medicine Practice
  • Christos Iakovou, MD Physician
  • American Foot Care Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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