Marilyn Hagemann - John J Lease Realtors Logo
$900,000
 $4,831 est/mo Sourced by Back At You

62-40 97th Place 2bc,Rego Park, NY 11374

Rego Park, NY 11374

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Description

Fantastic investment opportunity. This approximately 2,200-square-foot condominium is located in The Summit, a 207-unit mixed-use condominium in the heart of Rego Park's central shopping district. The property is currently occupied by a professional medical office and offers the option to purchase two onsite deeded parking spaces. Based on the existing income and expenses, the property generates an annual return of approximately 8%. The space features sunny northeast exposures with open treetop views and a versatile layout. The current configuration includes a spacious waiting area, an open horseshoe-style front desk with ample counter space, four exam rooms, three back offices, and a kitchenette. The property's location provides convenient access to a large residential community and a substantial potential client base. The building's commercial spaces are well suited for a variety of professional uses, including medical offices, dental practices, wellness centers, and therapy practices.

Details

MLS #1048309
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1988
Days On Site33
Listing Provided ByAlta New York | Rick Kelly

Features

Bed(s)8
Bath(s) 1 Total
SQ Feet2,200

Interior

CoolingCentral Air
HeatingNone, Other
Interior FeaturesOther
AppliancesNone

Exterior

Construction MaterialsOther
Foundation DetailsOther

Parking

Garage Yes / NoNo
Parking FeaturesOther

Utilities

UtilitiesNone
SewerOther

Taxes

Tax Year2025
Tax Annual Amount34644

Area Information

StateNY
CountyQueens
CityRego Park
Zip Code11374
School DistrictForest Hills High School
Elementary SchoolPs 175 Lynn Gross Discovery
High SchoolForest Hills High School
Listing VS Median (in 11374)
Price:
$900,000
low | high
Med:
$398,000
100% of Average
sqft:
2,200
low | high
Med:
800
100% of Average
$ / sqft:
$409
low | high
Med:
$498
28.388888888889% of Average
On site:
33
low | high
Med:
153
21.56862745098% of Average
Sourced by Back At You

Market Activity 11374

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Learn More About This Property

Marilyn Hagemann

Marilyn Hagemann

John J Lease REALTORS

 (845) 541-8479marilynhagemann@johnjleaserealtors.com
StateNY
CountyQueens
CityRego Park
Zip Code11374
School DistrictForest Hills High School
Elementary SchoolPs 175 Lynn Gross Discovery
High SchoolForest Hills High School
Listing VS Median (in 11374)
Price:
$900,000
low | high
Med:
$398,000
100% of Average
sqft:
2,200
low | high
Med:
800
100% of Average
$ / sqft:
$409
low | high
Med:
$498
28.388888888889% of Average
On site:
33
low | high
Med:
153
21.56862745098% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $675K - $1.125M
sqft: 1,500 - 2,500
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64-41 Wetherole Street Property Photo 1
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Listing Updated: October 9, 2026 at 12:43:13 AM PDT

Marilyn Hagemann - John J Lease Realtors