Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.
This newly constructed, high-end medical and office building offers 7,840 SF of flexible space, located directly across from Elmhurst Hospital. The entire building can be leased or subdivided by floor, with each level featuring its own metered gas, heating, and electric utilities. The property is ADA-compliant with an elevator and features floor-to-ceiling windows, a 480-volt utility system capable of supporting a wide range of medical machinery, and four on-site parking spaces. A 15-year ICAP tax abatement is in place. The location benefits from high foot traffic, and is situated near major subway lines (7, E, F, M, R), providing easy access for patients and staff.
Space Highlights: Brand new medical building Directly across the street from NYC Health + Hospitals/Elmhurst Open space for medical, office, or community use Subdivide or lease entire floor Metered utilities for gas, heating, & electric Ample space for treatment and waiting areas Cellar for storage or support functions ADA-compliant with elevator access
Amenities
Backyard
Fire Alarm
Garage Parking
HVAC Can be installed
Partial Build-Out
Private Roof Deck
Sprinkler System
Nearby Transport
Subway
Bus
Jackson Hts - Roosevelt Av Station
3 min walk, 0.18 miles away
R
E
F
M
74 St - Broadway Station
4 min walk, 0.19 miles away
7
82 St - Jackson Hts Station
6 min walk, 0.31 miles away
7
Elmhurst Av Station
7 min walk, 0.39 miles away
R
E
M
69 St Station
8 min walk, 0.42 miles away
7
Broadway / 78 St Station
1 min walk, 0.07 miles away
Q53
Q53-SBS
Broadway / 75 St Station
2 min walk, 0.1 miles away
Q53
Q53-SBS
Roosevelt Av / 76 St Station
3 min walk, 0.14 miles away
Q33
Q32
74 St / Roosevelt Av Station Station
3 min walk, 0.15 miles away
Q70-SBS
74 St - Roosevelt Av Term / Q49 Stop Station
3 min walk, 0.16 miles away
Q49
No Longer Available
$65
per sqft
7,840 ft²
Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.