7559 188th St - Medical FOR SALE


Fresh Meadows, NY 11366
$7,500,000 USD
929-600-4648
7559 188th St, Fresh Meadows, NY for Sale
$7,500,000 USD
Medical - FOR SALE
1/3
null | Request Cap Rate

Oct '25


7559 188th St
Fresh Meadows, NY 11366


OVERVIEW

Stonefield Real Estate has been exclusively retained to sell 75-59 188th Street, a boutique office building currently under construction in the heart of Fresh Meadows, Queens. Spanning four levels including a finished cellar, this steel-framed building offers a rare opportunity for an owner-user to fully customize a brand-new commercial building to suit their needs. The building will be delivered built-to-suit upon delivery, including premium finishes such as flooring, walls, ceilings, bathrooms, partitions, HVAC, and all electric and plumbing work. With flexible configuration options, this offering is ideal for medical, professional, or creative office use. 15-YEAR ICAP ABATEMENT: The property is projected to benefit from a 15-year ICAP tax abatement, reducing annual real estate taxes to approximately $14,752/YR. The abatement phases out starting Year 12 by 20% annually, fully expiring in Year 16. A detailed projection schedule is available upon request. ON-SITE PARKING: Three parking spaces are available at the front of the property. PRIVATE CELLAR SUITE ACCESS: The cellar offers 10’ finished ceiling heights, private outdoor entrance, large windows, and elevator access. FINISHED ROOFTOP: A usable rooftop with elevator access from the cellar—ideal for outdoor meetings, events, or lounging. Breakdown of the building includes: • Ground Floor: 2,322 SF • Second Floor: 1,976 SF with access to a rear-facing outdoor terrace • Third Floor: 1,976 SF • Cellar: 3,320 SF with 10-foot finished ceilings, elevator access, and private outdoor entrances

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$778 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

STATUS

Under Construction

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R2A

APN/PARCEL ID

07205-0044

ASK ABOUT THIS PROPERTY

Adam YakubovStonefield Real EstateMore Info
929-600-4648

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Adam YakubovStonefield Real EstateMore Info
929-600-4648

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