Log In/Sign Up
Your email has been sent.
9904 57th Ave
Flushing, NY 11368
Office/Medical Property For Sale
Investment Highlights
- FULLY BUILT-OUT DENTAL SUITE — ZERO BUILD-OUT COST Saving a buyer an estimated $150,000–$300,000 in construction and fit-out costs.
- PRIME CORONA, QUEENS LOCATION Steps from the Long Island Expressway and Grand Central Parkway. Near Citi Field and USTA. Surrounded by major MTA.
- ONE OF A KIND — NO COMPETING LISTINGS After an exhaustive search across PropertyShark, StreetEasy, Redfin, Zillow, and major broker databases.
- 30+ YEARS OF CONTINUOUS OPERATION This practice has been running as a medical/dental office for over three decades — established patient corridor.
- 8.7% CAP RATE ON ASKING PRICE At $42/SF NNN market rent, the unit generates $51,912 annually — a strong return for a stabilized medical asset.
- RENOVATION UPSIDE Currently rated C3 (Average/Functional). A cosmetic renovation pushes this unit to top-of-market condition, commanding rent rates
Executive Summary
Unit #JLH at 9904 57th Avenue is a 1,236 square foot commercial cooperative dental and medical office located on the ground floor of the Jefferson building in Corona, Queens. The unit has operated continuously as a professional dental practice for over 30 years and is available for immediate occupancy — no build-out, no downtime, no renovation required. The space includes 7 rooms total: multiple treatment patient rooms fully equipped for dental use, a dedicated reception and front desk area, a patient waiting room, a closet, and two sanitary accommodations. Dual entry and egress via front door supports smooth patient flow. Modern finishes throughout reflect decades of professional upkeep. The Jefferson building is a multi-story, free-standing structure on a corner lot featuring, live-in superintendent, elevator banks, and a cellar-level indoor parking garage available for separate monthly lease. All utilities are publicly available including water, sewer, electric, gas, internet, and security. The unit is held through Sherwood Owners Corp as a commercial cooperative interest. The owner holds 570 shares. Monthly maintenance is $940.39, with real estate taxes included in that figure per standard co-op structure. Managing agent is NORCOR Management at (718) 699-5402. At a market lease rate of $42/SF NNN, the unit supports $51,912 in stabilized annual gross income and an 8.7% cap rate on the asking price. This is a rare, one-of-a-kind commercial medical co-op unit in the Corona submarket. No comparable active listings or closed sales were identified in the immediate area following an extensive multi-platform search.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 8.70% |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.70% |
Description
Unit #JLH at 9904 57th Avenue is a 1,236 square foot commercial cooperative dental and medical office located on the ground floor of the Jefferson building in Corona, Queens. The unit has operated continuously as a professional dental practice for over 30 years and is available for immediate occupancy — no build-out, no downtime, no renovation required.
The space includes 7 rooms total: multiple patient rooms fully equipped for dental use, a dedicated reception and front desk area, a patient waiting room, a closet, and two sanitary accommodations. Dual entry and egress via front door supports smooth patient flow. Well maintained finishes throughout reflect decades of professional upkeep.
The Jefferson building is a multi-story, free-standing structure on a corner lot featuring a live-in superintendent, elevator banks, and a cellar-level indoor parking garage available for separate monthly lease. All utilities are publicly available including water, sewer, electric, gas, internet, and security.
The unit is held through Sherwood Owners Corp as a commercial cooperative interest. The owner holds 570 shares. Monthly maintenance is $940.39, with real estate taxes included in that figure per standard co-op structure. Managing agent is NORCOR Management at (718) 699-5402.
At a market lease rate of $42/SF NNN, the unit supports $51,912 in stabilized annual gross income and an 8.7% cap rate on the asking price.
This is a rare, one-of-a-kind commercial medical co-op unit in the Corona submarket. No comparable active listings or closed sales were identified in the immediate area following an extensive multi-platform search.
The space includes 7 rooms total: multiple patient rooms fully equipped for dental use, a dedicated reception and front desk area, a patient waiting room, a closet, and two sanitary accommodations. Dual entry and egress via front door supports smooth patient flow. Well maintained finishes throughout reflect decades of professional upkeep.
The Jefferson building is a multi-story, free-standing structure on a corner lot featuring a live-in superintendent, elevator banks, and a cellar-level indoor parking garage available for separate monthly lease. All utilities are publicly available including water, sewer, electric, gas, internet, and security.
The unit is held through Sherwood Owners Corp as a commercial cooperative interest. The owner holds 570 shares. Monthly maintenance is $940.39, with real estate taxes included in that figure per standard co-op structure. Managing agent is NORCOR Management at (718) 699-5402.
At a market lease rate of $42/SF NNN, the unit supports $51,912 in stabilized annual gross income and an 8.7% cap rate on the asking price.
This is a rare, one-of-a-kind commercial medical co-op unit in the Corona submarket. No comparable active listings or closed sales were identified in the immediate area following an extensive multi-platform search.
Sale Notes
Asking Price: $599,000
Property Type: Commercial Cooperative (Co-op) — Medical/Dental Office
Sale Type: Owner-user or investment purchase. Triple-net lease structure available for investor buyers at $42/SF ($51,912/year gross income, 8.7% cap rate).
Co-op Details: Buyer will acquire 570 shares of Sherwood Owners Corp. Purchase is subject to board approval and compliance with all co-op bylaws. Buyer's attorney should review proprietary lease and house rules prior to contract execution.
Financing Note: Commercial co-op financing is available through select lenders. Standard equity requirements typically range from 30–40%. Buyers are strongly encouraged to confirm financing eligibility before submitting an offer. Cash purchases welcome and preferred by the cooperative board.
Maintenance: $940.39/month. Includes real estate taxes. Utilities (electric, gas, water) are not included and billed separately. Estimated additional annual expenses: insurance ~$5,000, water ~$4,560.
Well maintained. Fully operational dental suite. A renovation to modernize finishes would elevate the unit to top-of-market condition and support lease rates above the $42/SF baseline used in this analysis.
Occupancy: Delivered vacant at closing. Immediate occupancy available.
Managing Agent: NORCOR Management — (718) 699-5402
Showing Instructions: Contact listing agent to schedule. 24-hour notice required.
Property Type: Commercial Cooperative (Co-op) — Medical/Dental Office
Sale Type: Owner-user or investment purchase. Triple-net lease structure available for investor buyers at $42/SF ($51,912/year gross income, 8.7% cap rate).
Co-op Details: Buyer will acquire 570 shares of Sherwood Owners Corp. Purchase is subject to board approval and compliance with all co-op bylaws. Buyer's attorney should review proprietary lease and house rules prior to contract execution.
Financing Note: Commercial co-op financing is available through select lenders. Standard equity requirements typically range from 30–40%. Buyers are strongly encouraged to confirm financing eligibility before submitting an offer. Cash purchases welcome and preferred by the cooperative board.
Maintenance: $940.39/month. Includes real estate taxes. Utilities (electric, gas, water) are not included and billed separately. Estimated additional annual expenses: insurance ~$5,000, water ~$4,560.
Well maintained. Fully operational dental suite. A renovation to modernize finishes would elevate the unit to top-of-market condition and support lease rates above the $42/SF baseline used in this analysis.
Occupancy: Delivered vacant at closing. Immediate occupancy available.
Managing Agent: NORCOR Management — (718) 699-5402
Showing Instructions: Contact listing agent to schedule. 24-hour notice required.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit JLH | 1,236 SF | Office/Medical | Upon Request | $73,322.99 CAD |
Unit JLH
| Unit Size |
| 1,236 SF |
| Condo Use |
| Office/Medical |
| Price |
| Upon Request |
| NOI |
| $73,322.99 CAD |
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit JLH
| Unit Size | 1,236 SF |
| Condo Use | Office/Medical |
| Price | Upon Request |
| NOI | $73,322.99 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.70% |
| Description | |
| Unit #JLH at 9904 57th Avenue is a 1,236 square foot commercial cooperative dental and medical office located on the ground floor of the Jefferson building in Corona, Queens. The unit has operated continuously as a professional dental practice for over 30 years and is available for immediate occupancy — no build-out, no downtime, no renovation required.<br> The space includes 7 rooms total: multiple patient rooms fully equipped for dental use, a dedicated reception and front desk area, a patient waiting room, a closet, and two sanitary accommodations. Dual entry and egress via front door supports smooth patient flow. Well maintained finishes throughout reflect decades of professional upkeep.<br> The Jefferson building is a multi-story, free-standing structure on a corner lot featuring a live-in superintendent, elevator banks, and a cellar-level indoor parking garage available for separate monthly lease. All utilities are publicly available including water, sewer, electric, gas, internet, and security.<br> The unit is held through Sherwood Owners Corp as a commercial cooperative interest. The owner holds 570 shares. Monthly maintenance is $940.39, with real estate taxes included in that figure per standard co-op structure. Managing agent is NORCOR Management at (718) 699-5402.<br> At a market lease rate of $42/SF NNN, the unit supports $51,912 in stabilized annual gross income and an 8.7% cap rate on the asking price.<br> This is a rare, one-of-a-kind commercial medical co-op unit in the Corona submarket. No comparable active listings or closed sales were identified in the immediate area following an extensive multi-platform search.</li></ul> | |
| Sale Notes | |
| Asking Price: $599,000<br> Property Type: Commercial Cooperative (Co-op) — Medical/Dental Office<br> Sale Type: Owner-user or investment purchase. Triple-net lease structure available for investor buyers at $42/SF ($51,912/year gross income, 8.7% cap rate).<br> Co-op Details: Buyer will acquire 570 shares of Sherwood Owners Corp. Purchase is subject to board approval and compliance with all co-op bylaws. Buyer's attorney should review proprietary lease and house rules prior to contract execution.<br> Financing Note: Commercial co-op financing is available through select lenders. Standard equity requirements typically range from 30–40%. Buyers are strongly encouraged to confirm financing eligibility before submitting an offer. Cash purchases welcome and preferred by the cooperative board.<br> Maintenance: $940.39/month. Includes real estate taxes. Utilities (electric, gas, water) are not included and billed separately. Estimated additional annual expenses: insurance ~$5,000, water ~$4,560.<br> Well maintained. Fully operational dental suite. A renovation to modernize finishes would elevate the unit to top-of-market condition and support lease rates above the $42/SF baseline used in this analysis.<br> Occupancy: Delivered vacant at closing. Immediate occupancy available.<br> Managing Agent: NORCOR Management — (718) 699-5402<br> Showing Instructions: Contact listing agent to schedule. 24-hour notice required.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 156,960 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 26,160 SF |
| Property Subtype | Apartment | Year Built | 1962 |
| Building Class | C | Lot Size | 1.35 AC |
| Zoning | R7B | ||
| Total Building Size | 156,960 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Typical Floor Size | 26,160 SF |
| Year Built | 1962 |
| Lot Size | 1.35 AC |
| Zoning | R7B |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 149 | - | 1,236 |
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
