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    OFF-MARKET
    Office Spaces

    41-12 77 St, Queens, NY 11373

    11,945 SF Built 2022
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, constructed in 2022, offers 11,945 square feet across five stories. Located at 41-12 77th Street in Elmhurst, Queens, NY 11373, this property sits on a 4,000 square foot lot and is zoned R6B/R5. The building features five units, is ADA-compliant, and boasts luxury construction with striking floor-to-ceiling windows. On-site parking accommodates four vehicles. Currently vacant, this building presents a unique owner/user or investment opportunity. Its prime location directly across from Elmhurst Hospital makes it ideal for various medical professionals and practices. The building is easily subdivisible, with individually metered gas, heating, and electric utilities per floor, maximizing flexibility and potential rental income. A significant tax abatement is in place, offering substantial savings. Conveniently located near the Roosevelt Avenue-Jackson Heights subway station (7, E, F, M, & R trains), this property ensures easy access for staff and patients. The building's powerful 480-volt utility system is suitable for a wide range of medical procedures. This is a rare opportunity to acquire a brand-new, high-quality medical office building in a thriving medical district. The asking price is $7,250,000.

    Property profile
    Verified
    Property type Office Spaces
    Year built 2022
    Total area 11,945 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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    CAP Approach CAP
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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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