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Jamaica Queens Medical Condo For Sale

$3,100,000

88-10 Parsons Boulevard, Jamaica, NY 11432

Active
Last Updated: 09/03/2023

4,605 sqft

Building Size

0.2569 acres

Lot Area

Details:
Building Size:    4,605 sqft
Lot Area:    0.2569 acres
Occupancy:    100%
Class:    A
Units:    1
Year Built:    2007
Floors:    1
Highlights:
  • Ground Floor Commercial Condo
  • Part of 38,382 Sq. Ft. Mixed-Use Building
  • Absolute NNN Lease
  • 4 Years Remaining on Lease Term
  • Zero Landlord Obligations
  • Property is Located One Block From Hillside Avenue/Parsons Boulevard Train Station
  • Tenant is Responsible for all Pro-Rata Expenses Including Condominium Fees & Real Estate Taxes
  • Tenant Spent Over One Million Dollars on the Buildout of their Space
Description:

Triple Net Brokers is pleased of offer the opportunity to acquire a Jamaica, Queens Medical Condo property. The building is located on Parsons Boulevard, between 88th & 89th Avenues. The subject property is presently occupied by TJH Medical Services, a long term tenant with 4 years left on the lease. TJH is affiliated with Jamaica Hospital Medical Center and Flushing Hospital Medical Center and has been treating patients at this location since 2015. TJH spent over $1 Million on the buildout of their space. The condo space is part of a larger 38,000 Sq. Ft. Mixed Use Residential/Commercial building.

Located in the heart of Jamaica, Queens on Parsons Boulevard between 88th & 89th Avenues.
Located 1 block from the Hillside Avenue/Parsons Boulevard Train Station

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Today's Available Mortgage Rates

88-10 Parsons Boulevard, Jamaica, New York 11432

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/20/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$11,143 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $1,736,000 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$11,079 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,705,000 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$11,184 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,705,000 Loan Amount
Details
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