41-12 77 St, Queens, NY 11373
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.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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