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Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A


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Key Facts

Year Built 2020
Building Area
Occupancy 100.0 %

Property Description

The MOB is located on Myrtle Avenue, a dense commercial corridor, at the crossroads of St. Nicholas Avenue and Madison Street. With over 50’ of frontage, the Property is highly visible from multiple angles and is approximately 10 blocks from the 350-bed Wyckoff Heights Medical Center. Furthermore, the Property is located 2 blocks from the Myrtle-Wyckoff Avenue Subway Station providing accessibility and connectivity to and from Brooklyn, Manhattan, and the rest of Queens.

Investment Highlights

Jones Lang LaSalle (“JLL”) is pleased to offer for sale the fee simple interest in 55-01 Myrtle Avenue located in the Ridgewood neighborhood of Queens, New York (the “Property” or “MOB”). The 21,154 square foot, Class A, medical office building was purpose built in 2020 and is 100% leased to two tenants, Zwanger-Pesiri Radiology (“ZPR”) and Mark Medical Care (“MCC”), featuring a weighted average remaining lease term of more than 18 years, and annual rent escalations averaging 2.85%.
Last Updated Date: 02 Sep 2020
Steven Rutman
Steven Rutman
Director, Capital Markets
License details
NJ-1220994 PA-RS320021 NY-10401278083
Ben Appel
Managing Director

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Last Updated Date: 02 Sep 2020

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