Current Use by 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
Property Details for 30-16 30Th Dr
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9231
- Latitude
- 40.7652
