168-30 89 Ave, Queens, NY 11432
This exceptional two-story, 3,500-square-foot medical office building, situated on a 5,000-square-foot lot in the heart of Jamaica, Queens, presents a unique investment opportunity. Currently configured as a licensed healthcare facility offering a range of services including nursing, home health aide, personal care, physical therapy, medical social work, and surgical supplies sales, the property boasts four suites, with a minimum divisible space of 900 square feet. Built in 1957, the building includes ten parking spaces, a significant advantage in this location. The property is zoned R6A and enjoys excellent accessibility, being just two blocks from the F train line, providing a 40-minute commute to Manhattan. Public transportation options also include proximity to the Q-17 bus and other major routes. Furthermore, the location offers convenient access to JFK Airport (15-minute drive), Saint John's University (8-minute bus ride), York College (7-minute bus ride), and various public services including a police precinct, DMV, library, and post office. The surrounding area is vibrant, with numerous amenities including a Planet Fitness, Home Depot, and various shops and restaurants within a two-block radius. The property's strategic location, bordering five neighborhoods and near several ongoing development projects, makes it an attractive prospect for a long-term NNN tenant. Subletting will be considered. All zoning information should be independently verified.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.