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Urology & Multi-Specialty Clinic 3737-37-39 75th St 3,600 SF 100% Leased Office Building Jackson Heights, NY 11372 $2,875,000 ($798.61/SF) 7.56% Cap Rate
Investment Highlights
- Great investment opportunity!
- Fully occupied space.
Executive Summary
Single-tenant net lease urology clinic located in a densely populated section of Jackson Height, blocks from Elmhurst Hospital and not far from the BQE (I-278), Broadway and Roosevelt Ave. Urology group has 6 locations throughout NYC area and is part of larger NYC multi-specialty group which guaranteed the lease.
The business was purchased by a larger NYC based multi-specialty group that signed a new lease in 2024. Contact Agent for details.
Jackson Heights is located in northwest Queens. Its boundaries are: the Brooklyn-Queens Expressway to the west; Junction Boulevard to the east; LaGuardia Airport to the north; and Roosevelt Avenue to the south. This is a residential neighborhood, featuring a mixture of row houses with an almost-suburban feel, and more populated sections of large apartment buildings. Nestled in the heart of Queens lies the bustling neighborhood of Jackson Heights, where a vibrant mix of cultures and cuisines collide.
The business was purchased by a larger NYC based multi-specialty group that signed a new lease in 2024. Contact Agent for details.
Jackson Heights is located in northwest Queens. Its boundaries are: the Brooklyn-Queens Expressway to the west; Junction Boulevard to the east; LaGuardia Airport to the north; and Roosevelt Avenue to the south. This is a residential neighborhood, featuring a mixture of row houses with an almost-suburban feel, and more populated sections of large apartment buildings. Nestled in the heart of Queens lies the bustling neighborhood of Jackson Heights, where a vibrant mix of cultures and cuisines collide.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
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-
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| Other Income |
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-
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| Vacancy Loss |
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-
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,600 SF
Building Class
B
Year Built
1940
Price
$2,875,000
Price Per SF
$798.61
Cap Rate
7.56%
NOI
$217,280
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,800 SF
Building FAR
0.90
Lot Size
0.09 AC
Zoning
R5, Queens (O8) - provide a transition between lower- and higher-density neighborhoods
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 01286-0017 | Improvements Assessment | $232,560 (2025) |
| Land Assessment | $108,000 (2025) | Total Assessment | $340,560 (2025) |
Property Taxes
Parcel Number
01286-0017
Land Assessment
$108,000 (2025)
Improvements Assessment
$232,560 (2025)
Total Assessment
$340,560 (2025)
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Urology & Multi-Specialty Clinic | 3737-37-39 75th St
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