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Medical Building | New leases 23-22 30th Ave 9,749 SF 100% Leased Office Building Astoria, NY 11102 $6,600,000 ($676.99/SF) 7.64% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 10,000 SF | Turn-Key Medical Building For Sale In Astoria - Strong Cap Rate
  • The roof was redone 2 years ago

EXECUTIVE SUMMARY

23-22 30th Avenue presents a rare turn-key medical investment opportunity in the heart of Astoria, Queens. This modern, two-story Building Class B property spans approximately 9,540 square feet on a 5,100-square-foot lot and is fully configured for medical use. The property features one expansive commercial unit with multiple tenants in place, offering stable cash flow and a strong cap rate. With building dimensions of 30 feet by 119 feet, the asset provides efficient floor plates and flexible interior layouts suitable for a variety of healthcare and professional uses. The roof was completely redone two years ago, minimizing near-term capital expenditures.
Ideally located between Crescent Steet and 23rd Street, 23-22 30th Avenue is situated in the heart of Astoria, one of Queens’ most vibrant and fast-growing neighborhoods. The property enjoys strong foot traffic and excellent visibility along 30th Avenue, a bustling corridor lined with cafés, restaurants, and medical offices. Just steps from the 30th Avenue (N/W) subway station, the location offers convenient access to Manhattan and greater Queens. Surrounded by a dense residential community and major retailers such as Starbucks, Key Food, and CVS, this prime Astoria address presents a high-visibility, turn-key investment opportunity ideal for owner-users or investors alike.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,749 SF
Building Class
C
Year Built/Renovated
1930/2003
Price
$6,600,000
Price Per SF
$676.99
Cap Rate
7.64%
NOI
$504,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,250 SF
Building FAR
1.87
Lot Size
0.12 AC
Zoning
R6A, R6B - Centrally located in the Astoria neighborhood of Queens between 23rd St and Crescent St near the 30th Ave train station with plenty of street parking

AMENITIES

  • Direct Elevator Exposure
  • Air Conditioning
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00572-0035
Land Assessment
$114,750
Improvements Assessment
$737,550
Total Assessment
$852,300
  • Listing ID: 35289579

  • Date on Market: 8/15/2023

  • Last Updated:

  • Address: 23-22 30th Ave, Astoria, NY 11102

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