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18468877
18468878

311 St Nicholas Ave, Queens, NY 11385

Highcap Group
Listed by Highcap Group
$2,055,000
717 days on market
Updated 119 days ago

9% CAP, 100% LEASED, FULLY EQUIPPED AND FURNISHED

Details
Property Type Office
Sub Type Medical Office
Square Footage 5,870
Cap Rate 9.01%
NOI $185,124
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $350
Broker Co-Op Yes
Class B
Year Built 2011
Investment Type Stabilized

RIDGEWOOD MEDICAL CONDO OFFICE | 5,870 SF + 2 PARKING SPACES

Marketing description

RIDGEWOOD MEDICAL CONDO|LOWER-LEVEL UNIT, FULLY EQUIPED & FURNISHED | CAP: 9% | 3% Assumable Mortgage

  • 1 condo unit, 6 tenants, 5,870 SF with 2 parking spaces

  • Single, low level, subdivided, furnished, equipped doctor condo unit

  • Steps to the L & M lines at Myrtle Avenue-Wyckoff Avenue station

  • Invested about $700,000 in improvements, furniture, equipment, ADA elevator

  • $391/SF

  • NOI: $185,124, CAP: 9%

  • Seller has $300,000 transferable/assumable mortgage at 3% with 2035 maturity

Investment highlights

RIDGEWOOD MEDICAL CONDO|LOWER-LEVEL UNIT, FULLY EQUIPED & FURNISHED | CAP: 9% | 3% Assumable Mortgage

  • 1 condo unit, 6 tenants, 5,870 SF with 2 parking spaces

  • Single, low level, subdivided, furnished, equipped doctor condo unit

  • Steps to the L & M lines at Myrtle Avenue-Wyckoff Avenue station

  • Invested about $700,000 in improvements, furniture, equipment, ADA elevator

  • $391/SF

  • NOI: $185,124, CAP: 9%

  • Seller has $300,000 transferable/assumable mortgage at 3% with 2035 maturity

Listing Contacts

Highcap Group
Listed by Highcap Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$185,124.00
$15,427.00/mo

Valuation Metrics

0
DSCR
9.01%
Cap Rate
9.01%
ROI

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