4322 50th St - Medical FOR SALE


Flushing, NY 11377
$9,999,000 USD
917-902-3898
4322 50th St, Flushing, NY for Sale
$9,999,000 USD
Medical - FOR SALE
1/8
null | 4.87% Cap Rate

4322 50th St
Flushing, NY 11377


HIGHLIGHTS

  • Substantial Scale & Income: Features approximately 25,000 sft of building area, anchored by a diversified mix of long-term, creditworthy tenants
  • Premium On-Site Amenities: Includes 19 indoor parking spaces, a coveted amenity that adds substantial value and convenience.
  • Prime Development Potential: Zoned R7/C8-1, this site offers exciting future flexibility for value-add repositioning or potential vertical expansion
  • Ideal Investment Vehicle: Perfect for a 1031 exchange, this asset delivers the dual advantage of solid current income and accelerated future returns

OVERVIEW

A prime commercial office building offering a rare blend of stable income and future upside in the heart of Woodside. This substantial two-story masonry building, with approximately 25,000 square feet and 19 indoor parking spaces, is strategically positioned on a highly visible corner directly adjacent to the Roosevelt Avenue corridor and the 7 Subway line. Currently generating reliable cash flow from a diversified roster of long-term tenants—including a bank, medical offices, CPA firms, and government boards—it represents an ideal asset for a 1031 exchange. Beyond its solid current performance, the property’s R7/C8-1 zoning unlocks significant development potential for future value creation. This is a cornerstone investment where excellent street presence, transit access, and stable occupancy converge with a clear path for repositioning and growth, a strategic opportunity for the smart investor. Property Highlights: Substantial Scale & Income: Features approximately 25,000 square feet of building area, anchored by a diversified mix of long-term, creditworthy tenants including a bank, medical offices, CPA firms, and government boards, ensuring reliable cash flow. Premium On-Site Amenities: Includes 19 indoor parking spaces, a coveted amenity that adds substantial value and convenience. Prime Development Potential: Zoned R7/C8-1, this site offers exciting future flexibility for value-add repositioning or potential vertical expansion, allowing an investor to shape its next chapter. Ideal Investment Vehicle: Positioned perfectly for a 1031 exchange, this asset delivers the dual advantage of solid current income and a clear path to accelerated future returns. Seize this rare opportunity to acquire a cornerstone asset in Woodside. This is more than a building—it's a strategic investment poised for stability and growth.

FOR SALE DETAILS

PRICE

$9,999,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

4.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R7A /C8-1

APN/PARCEL ID

00138-0040

ASK ABOUT THIS PROPERTY

Derek ZhengLin Pan Realty GroupMore Info
917-902-3898

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Derek ZhengLin Pan Realty GroupMore Info
917-902-3898

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