Property profile

75-58 113Th St Forest Hills, NY 11375

OFF-MARKET
Specialty properties
926 SF 0.08 ac lot
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Property summary

AI-generated overview

This Forest Hills, NY commercial condo offers 926 square feet of versatile space, ideal for medical or related uses. Located at 75-58 113th Street, Units C & D, this cellar-level property boasts two units (sold together) with the option to combine or use separately. Features include brand new ductless HVAC systems in every room, new ceramic flooring, recessed lighting, and three split system AC units. Additional amenities include an intercom system, wireless doorbell camera, and a hot water heater. The space is currently configured as three rooms with a small waiting area, and includes the exclusive use of a backyard. Conveniently located one block from Queens Boulevard, with easy access to multiple train stations and bus lines, this property offers exceptional accessibility. ADA accessible via the lobby entrance and with a direct stairway entrance from the street. Importantly, this condo does not require board approval, allowing for immediate use or leasing by the new owner. There are no current or planned assessments. The property is situated two blocks from the Express E and F train lines at Union Turnpike or 75th Avenue stations. The asking price is $398,000. The lot size is 0.08 acres.

Property profile

Verified
Property type Specialty properties
Total area 926 SF
Lot 0.08 ac (3,485 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Spa & Massage Center
  • Alternative Medicine Practice Spa & Massage Center

Location

75-58 113Th St Forest Hills, NY 11375
Forest Hills metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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