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.