16401 81st Ave - Medical FOR SALE


Jamaica, NY 11432
$12,900,000 USD
718-263-4500
16401 81st Ave, Jamaica, NY for Sale
$12,900,000 USD
Medical - FOR SALE
1/13
null | 8.58% Cap Rate

16401 81st Ave
Jamaica, NY 11432


HIGHLIGHTS

  • Heavy day time traffic
  • Near hospital and college
  • Updated interior

OVERVIEW

Astor Brokerage, represented by Solomon Teitz, is pleased to present the exclusive opportunity to acquire a premier 30,500 Sq.Ft. Medical Building with Parking located at 8015-8021 164th St in Jamaica, Queens, New York. Originally constructed in 1973 and significantly renovated in 2008, this multi-tenant medical building, affiliated with NYU Langone, offers a strong proforma demonstrating above average market returns. This property enjoys an exceptionally strategic location on a major thoroughfare, boasting high visibility, prominent signage, and excellent access. Situated within 1 to 3 blocks of Kew Garden Hills, Fresh Meadows, Hillcrest, and Jamaica, it provides convenient access for patients and staff. Furthermore, its proximity to major hospitals, including Queens Hospital Center, St. John's University, Grand Central Parkway, schools, airports, and public transportation ensures a consistent demand for medical services within a densely populated residential area. This 30,000 square foot medical building presents a compelling investment opportunity in a vital healthcare hub, leveraging the prestige of an NYU Langone affiliation and a demonstrated strong financial performance.

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$419 USD /SF

CAP RATE

8.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

R2, Queens (O9)

APN/PARCEL ID

07014-0022

ASK ABOUT THIS PROPERTY

Solomon TeitzAstor BrokerageMore Info
718-263-4500

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Solomon TeitzAstor BrokerageMore Info
718-263-4500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.