Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    70-09 45Th Ave Queens, NY 11377
    Back to Search
    Property profile & analytics

    70-09 45Th Ave Queens, NY 11377

    View on Map
    • Retail properties & Spaces
    • 2,844 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bob daycare center / Daycare Center

    Property Details for 70-09 45Th Ave

    Property size
    2,844 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 2,844 square foot commercial condominium unit presents a remarkable investment opportunity in the vibrant Queens, New York market. Located at 70-09 45th Avenue 1C, this lower-level space within a brand-new building offers unparalleled versatility, ideal for a diverse range of businesses. The unit boasts two half-bathrooms and convenient kitchenette hookups, enhancing its functionality and appeal. Annual property taxes are $4,697.88, and the monthly maintenance fee is $1,279.49. Owner financing is available at a 6% interest rate (subject to change), making this property even more accessible. The expansive 10,846 square foot lot provides ample space, and additional parking is available for separate purchase. This prime location in Queens offers exceptional convenience, with easy access to various transportation options, parks, schools, banks, and supermarkets. This is a truly exceptional opportunity to establish or expand your business in a thriving and well-connected community. The ceiling height is noted as "Other" in the property records.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8945
    Latitude
    40.7404

    Comparable in this City

    • Value Estimation by Request
      500 SF

      47-12 44Th St

      Restaurants • 500 SF
      47-12 44Th St, Woodside, NY 11377
      View Details
    • Value Estimation by Request
      825 SF

      47-16 44Th St

      Office Spaces • 825 SF
      47-16 44Th St, Woodside, NY 11377
      View Details
    • Value Estimation by Request
      24,512 SF

      58-12 Queens Blvd

      Lifestyle centers • 24,512 SF
      58-12 Queens Blvd, Queens, NY 11377
      View Details
    • Value Estimation by Request
      5,005 SF

      51-24 Roosevelt Ave

      Medical Office Space • 5,005 SF
      51-24 Roosevelt Ave, Queens, NY 11377
      View Details
    • Value Estimation by Request
      4,000 SF

      4716 44Th St

      Retail properties & Spaces • 4,000 SF
      4716 44Th St, Woodside, NY 11377
      View Details
    • Value Estimation by Request
      12,033 SF

      61-20 Woodside Ave

      Multifamily properties • 12,033 SF
      61-20 Woodside Ave, Queens, NY 11377
      View Details

    Similar Nearby for Sale

    • $9,999,000
      0.20 Acres

      Woodside Mixed-Use Building For Sale

      Mixed-use building with bank, offices, parking, and elevator.
      43-22 50Th St, Woodside, NY 11377
      View Details
    • $559,000
      2,844 SF

      Spacious Commercial Condo For Sale

      2,844 sq ft commercial condo in a new building.
      70-09 45Th Ave, Queens, NY 11377
      View Details
    • $2,850,000
      3,855 SF

      Prime Retail Condos in Woodside

      Two retail condos in a high-demand Queens corridor.
      43-20 52Nd St, Woodside, NY 11377
      View Details
    • $559,000
      2,844 SF

      Spacious Commercial Condo in Queens

      2844 sq ft commercial condo in a new building.
      70-09 45Th Ave, Queens, NY 11377
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      650 SF

      Sunnyside Restaurant Space Available

      Fully built-out restaurant space in the heart of Sunnyside.
      4202-4214 Greenpoint Ave, Sunnyside, NY 11377
      View Details
    • $4,500 /Mo
      1,429 SF

      Woodside Retail/Office Space Available

      800 sq ft Woodside retail or office space for rent.
      6705 Woodside Ave, Woodside, NY 11377
      View Details
    • $7,500 /Mo

      Medical Office Space For Lease

      Medical office space available for lease in Sunnyside/Woodside.
      4705 44Th St, Queens, NY 11377
      View Details
    • $26 SF/Yr

      Mixed-Use Commercial Space in Queens

      Mixed-use property with office, warehouse, loading dock, and parking.
      5858 Laurel Hill Blvd, Queens, NY 11377
      View Details
    • $7,500 /Mo

      Medical Office Space in Woodside

      Medical office space for lease in Sunnyside/Woodside area.
      4705 44Th St, Woodside, NY 11377
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    70-09 45Th Ave
    Queens, NY 11377
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    70-09 45Th Ave, Queens, NY, 11377
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!