70-50 153 St Queens, NY 11367
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.