NNN Leased | Mt. Sinai Hospital Tenant 23-22 30th Ave

Reyes & Elsamad Real Estate Group has been retained on an exclusive basis to sell a two-story, 100% occupied medical office building located at 23-22 30th Avenue, Astoria Queens, NY. This property offers an investor a core investment over the course of the next 13 years. Moreover, the lot could serve in the future as a residential development site as you have 15,300 SF of buildable air-rights.
There are two tenants under triple net leases that are currently paying 100% of the property taxes, all utilities, CAM plus maintenance. The Mount Sinai Hospital of Queens has 3 years on the lease with two - (5) year options for a total of 13 years remaining. They occupy 6,500 SF of medical office space.
The second tenant named Motion-PT has a 7 year lease plus one - (5) year option for a total of 12 years remaining. This tenant is part of Mount Sinai's rehab network which includes over 55 locations across 4 states. They provide physical and speech therapy services for all ages. They occupy 3,169 SF of medical office space.
This property was specifically chosen to be next to Mount Sinai Hospital as this area of Astoria Queens is extremely dense. Transportation is a short walk away (N & W Trains). The property has been fully renovated and properly maintained over the past 11 years which includes but not limited to a new roof, new facade and built-to-suit medical offices thus limiting any deferred maintenance. Contact us for more information.