Astoria Absentee Storefront
Listing ID
NY0487
Specialty
General Dentist
Annual Collections
$610,000
Asking Price
Upon Request
New Patients
50/mo
Ownership Structure
Absentee Owner
Operatories
6 Ops
Floor Space
1,900 sqft
Real Estate
Commercial Building
Condition
Fully Renovated
Details
Astoria Absentee Storefront
Prime Astoria storefront on busy 31st Street, just steps from the subway, offering high visibility in a thriving corridor with strong patient demand.
Associates and specialists have performed dentistry in the office for many years, providing a broad range of services and a stable patient base.
The practice is housed in a fully renovated 1,900-square-foot space within a commercial building and features 6 operatories, ready for immediate ownership transition.
- Practice metrics: Patients per month — 50; Gross revenue — $610,000; Current hours — 35/week; Payor mix: 25% PPO, 20% CASH, 55% government plans
- Technology & equipment: Dentrix, networked; Cone Beam CT; Digital X-Rays; Implant motor; Rotary endo
- Ownership potential: Absentee owner; owner currently manages but does not chairside; opportunity for new owner to work chairside and/or expand hours; potential to attract more FFS/PPO patients
- Location & market: Busy 31st Street location near the subway; East River Ferry stop nearby; area undergoing a major boom with new construction and luxury housing along the East River
- Ownership & terms: Listing price: Upon Request; Fully renovated; Commercial building
This is a turnkey opportunity for a dentist seeking a well-established practice in a vibrant market with significant growth potential in Astoria.
Erik L. Andrieux, Esq.
Erik is a New York business, corporate healthcare and real estate attorney, and a business and real estate broker, with a focus on dental practice acquisitions. He has earned a reputation with his clients and peers as a deal facilitator by combining his extensive healthcare industry knowledge with a results-oriented, practical approach to transactions. As a zealous advocate and skilled negotiator, Erik works with clients daily to identify and develop creative solutions to issues and disputes efficiently and competently. By incorporating a proactive, client-centric approach to his practice, Erik carefully navigates clients through each stage of a business transaction, including preparing initial term sheets, drafting purchase agreements, revising ancillary transaction documents, negotiating deal points, reviewing diligence materials, and managing closings. Healthcare providers and practices also seek Erik’s guidance on general corporate matters, including drafting employment contracts, revising patient forms, addressing daily operational issues, legal compliance and revenue growth. According to Erik, his legal expertise in this field has been his single greatest asset in brokering dental transitions. Erik has a B.S. in business administration from Georgetown University and a J.D. from Brooklyn Law School.
