97-12 63 DrQueens, NY 11374

Property Details for 97-12 63 Dr

Year built

1990

Property size (Sq ft)

162 SF

Zone code

R7-1

Property type

Parking lots & garages

APN

02090-1053

APU

20901053

Description

This 1,890-square-foot medical office condo in Rego Park, Queens presents a compelling investment opportunity. Located in a prime area, this modern, well-appointed space is ideal for owner-users or investors. The condo boasts high-end finishes and a functional layout including seven private offices, a spacious patient waiting area, a reception desk, administrative offices, a consultation room, and two guest bathrooms. The unit is situated just half a block from the M and R subway lines, multiple MTA bus routes on Queens Boulevard, and the Rego Center, ensuring high patient traffic and convenient access for staff. One deeded indoor parking space is included. Built in 1990, this condo is part of a twelve-story building. The asking price is $1,240,000, translating to $656.08 per square foot. This turnkey medical office condo offers a rare combination of location, amenities, and functionality, making it an exceptional investment opportunity. The property is a condo, offering the benefits of ownership and control. This is a combined space of three condo units.

• CAP approach

  CAP return

  Valuation

  6%

  $39,372

  6.5%

  $36,343

  7%

  $33,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,341

  Geo Method

  $53,341

• Alternative Use

  Use

  Valuation

  Residential

  $30,657

  Hospitality

  $28,081

  Educational

  $23,363

  Medical

  $24,167

  Retail

  $36,343

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7303

Longitude

-73.8602

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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