FOR SALE: Medical Office Building at 163-03 Horace Harding Expressway by Ben Khakshoor

FOR SALE

$24,000,000

163 03 Horace Harding Expressway, Fresh Meadows, NY 11365

41,000 SF

Square Feet

$585

PPSF

6.10%

CAP

Property Description

NOI

$1,464,007

Cap Rate

6.10%

Property Details

Asset Type

Office

Year Built

1972

Zoning

R5B, C2-3; FAR 1.35

Lot Size

9,500 SF

Neighborhood

Jamaica

Submarket

Fresh Meadows

ZIP

11365

Renovated

2006

Listing Type

sale

Offering Memorandum

Download

Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Amortization

Loan Term

Gross Income ($)

Vacancy Rate (%)

Mgmt Fee ($)

Insurance ($)

Maintenance ($)

Utilities ($)

Property Taxes ($)

Reserves ($)

Net Operating Income (NOI)

$2,322,647

Debt Service Coverage Ratio (DSCR)

1.70x

Cap Rate

9.68%

Cash Flow (Annual)

$957,380

Cash-on-Cash Return

15.96%

Monthly Debt Service

$113,772

Annual Debt Service

$1,365,267

View on Map

Address

163 03 Horace Harding Expressway

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Fresh Meadows Office Market Snapshot

Boundary boundary · Office · Sale

No investors found in this market.

Contact the Listing Team

Aaron Jungreis

Founder & CEO

214 closed

Ben Khakshoor

Senior Director

143 closed

Alex Fuchs

Real Estate Agent

110 closed

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