Property profile

168-30 89 Ave Queens, NY 11432

OFF-MARKET
Specialty properties
3,500 SF Built 1957
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Year built 1957
Total area 3,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Supply Store

Location

168-30 89 Ave Queens, NY 11432
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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