Property profile

27-47 Crescent St Queens, NY 11102

OFF-MARKET
Office Spaces
20,000 SF 0.23 ac lot Built 1992
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Property summary

AI-generated overview

This exceptional two-story, 20,000 square foot Class B office building, constructed in 1992, is situated on a 0.23-acre lot at 27-47 Crescent Street in Astoria, Queens, NY 11102, at the intersection of Crescent Street and 30th Avenue. The property features a single building with elevators and offers multiple tenancy options. Available spaces range from 1,136 to 3,185 square feet, catering to a variety of business needs. The building's diverse tenant mix currently includes medical offices specializing in ophthalmology, urology, physical therapy, vascular surgery, cardiology, internal medicine, allergy, and podiatry. This strategic location offers excellent accessibility and visibility, with close proximity to Mount Sinai Hospital, enhancing its appeal to medical professionals and related businesses. The property's versatile design makes it suitable for medical, traditional, executive, creative, and coworking office spaces. This presents a unique opportunity to acquire a well-established property in a thriving Queens neighborhood. The building's established tenant base and diverse suite sizes provide immediate income potential and long-term growth opportunities.

Property profile

Verified
Property type Office Spaces
Year built 1992
Total area 20,000 SF
Lot 0.23 ac (10,019 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
  • Physician
  • Physician
  • Physician
  • Physician Hospital
  • Physician Hospital

Location

27-47 Crescent St Queens, NY 11102
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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