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    OFF-MARKET
    Office Spaces

    27-47 Crescent St, Queens, NY 11102

    20,000 SF 0.23 ac lot Built 1992
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Emmanuel N Moustakakis, MD, FACC, FSCAI Physician
    • Renaissance Ob/Gyn Inc Physician
    • Dr. Marios Gagos Physician
    • Varuna M. Sundaram, MD Physician Hospital
    • Jian Zheng, M.D. Physician Hospital
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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