For Sale
$2,055,000
311 St Nicholas AveQueens, NY 11385
High-yield medical office, 100% leased.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 124
Highlights
- 5,870 SF fully equipped & furnished medical office condo in Ridgewood, Queens.
- Ground floor unit, subdivided into six tenant spaces, with two parking spaces.
- Excellent transit access: Steps from the L & M trains at Myrtle Avenue-Wyckoff Avenue.
- $700,000 invested in recent improvements including furniture, equipment, and an ADA-compliant elevator.
- Asking price: $2,055,000 ($350.09/SF).
- Strong financials: $185,124 NOI, 9% cap rate, and 3% annual rent increases.
Property Details for 311 St Nicholas Ave
- Property type
- Office properties, Medical offices
- Square Feet
- 5,870 SF
- Class
- B
- Year Built
- 2011
Location Insight
- City
- Queens
- County
- Queens
- State
- New York
- Latitude
- 40.7013743
- Longitude
- -73.9106761
311 St Nicholas Ave, Queens, New York
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-yield medical office, 100% leased.
- Where is the office property located?
- The property is located at 311 St Nicholas Ave Queens, NY.
- What is the asking price?
- The asking price for this property is $2,055,000.
- What are key features of this property?
- This property features: 5,870 SF fully equipped & furnished medical office condo in Ridgewood, Queens.; Ground floor unit, subdivided into six tenant spaces, with two parking spaces.; Excellent transit access: Steps from the L & M trains at Myrtle Avenue-Wyckoff Avenue.
- How can I contact the broker?
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