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Property profile & analytics
OFF-MARKET
Office Spaces

70-50 153 St Queens, NY 11367

4,655 SF
Property ID
Property summary
AI-generated overview

This exceptional 4,655 square foot Class C medical office building in Queens, NY, is offered at $1,658,000. Currently 100% occupied with a multi-tenant lease structure, this property boasts a net lease type and presents a strong investment opportunity. The building, completely rebuilt in 1986, features two separate medical office spaces, each with its own entrance and utilities. Recent upgrades include new cement work on sidewalks and driveway, a garage, and a 10-year-old roof. The interior showcases newly sanded hardwood floors throughout, bright rooms, and ample closet space. A full basement includes a coin-operated laundry, walkout egress, storage area, and a bonus room. Located at 70-50 153rd St, Queens, NY 11367, this property is zoned for medical use and offers a unique blend of residential and commercial potential. The price per square foot is $356.18. This turnkey operation is ideal for an investor seeking a stable, high-occupancy asset in a desirable location. The property's strong construction and recent updates ensure long-term value and minimal maintenance needs. This is a rare opportunity to acquire a fully operational medical office building with significant upside potential.

Property profile
Verified
Property type Office Spaces
Total area 4,655 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
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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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