Property profile

41-12 77 St Queens, NY 11373

OFF-MARKET
Office Spaces
11,945 SF Built 2022
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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

Location

41-12 77 St Queens, NY 11373
Queens metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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