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For SaleLuxury

$12,900,000

470 days on market

80-15 164th Street

Fresh Meadows, NY 11432

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

1950

Built

Listing narrative

Description

7% CAP Rate if full. Two more tenants needed. This is a premier 30,500 Sq.Ft. Medical Building with Parking located at 8015 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.

Listing agent (MLS): Mordechai Striks · Listing brokerage (MLS): Astor Brokerage Ltd

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$12,900,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Office

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

3,598 sqft

Year

1950

Status

For Sale

Days on Market

470

· 8% down, 7% APR, 30yr fixed
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Courtesy of Astor Brokerage Ltd