Mixed-Use Building with
For Sale
$1,480,000
18-46 College Point Boulevard, College Point, NY 11356
Commercial Sale, College Point, NY
Property Size3,400 SF
Lot Size0.06 Acres
Price / SF$435.29
Days on Market43
Property Features for 18-46 College Point Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
2
Parking features
Driveway
Elementary school
Ps 29
Middle school
Jhs 194 William Carr
High school
Flushing High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Active
APN
04083-0039
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
26362
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private balcony
Building Details
Year built
1960
Floors in Building
3
Number of units
4
Building materials
Brick
Listing Agency:
City Realty Group · RE/MAX International
(718) 888-9005
Listed By:
Emmy D. Cai CBR
(646) 805-8688
Added: Jul 15
Changed: Aug 20
Last Checked: Aug 26 at 4:06PM
MLS# 1026242
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick mixed-use building, constructed in 1960, combines two ground-floor retail stores with residential space on the upper levels. The commercial area measures 25 by 54 feet and includes two dedicated front parking spaces. A two-year-old roof, electric heating, window and wall/window cooling units, public water, and public sewer serve the property.
The second and third floors each contain 1,025 square feet arranged as two-bedroom, one-bathroom apartments with living, dining, and kitchen areas. The second-floor unit has been newly renovated and includes a private balcony, while the third-floor residence follows the same two-bedroom, one-bathroom configuration. The property is positioned near Walgreens, Dunkin', Bank of America, and T-Mobile, with Q20, Q26, and Q76 bus service providing access to downtown Flushing.
The second and third floors each contain 1,025 square feet arranged as two-bedroom, one-bathroom apartments with living, dining, and kitchen areas. The second-floor unit has been newly renovated and includes a private balcony, while the third-floor residence follows the same two-bedroom, one-bathroom configuration. The property is positioned near Walgreens, Dunkin', Bank of America, and T-Mobile, with Q20, Q26, and Q76 bus service providing access to downtown Flushing.
Key Highlights
- Mixed‑use building with two ground‑floor retail stores and two upper‑level residential units
- Ground‑floor commercial footprint measures 25' x 54'
- Two residential floors offer 1,025 sq. ft. each with two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,111
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,662,220
$1.7M
Cap Rate 7%
$1,187,300
$1.2M
Cap Rate 9%
$923,456
$923.5K
Market Conditions
NOI Build-Up for 3,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$157.1K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$151.1K $44.44/SF
− OpEx
−$68.0K −$20.00/SF
NOI
$83.1K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,662,220
Cap Rate 7%
$1,187,300
Cap Rate 9%
$923,456
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,111 @ 7.0% cap · market cap 5.62%
Second Best
Retail
$867.0K
$758.6K – $1.01M
NOI $60,690 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,456 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 11356, NY
28,310
Population
9,003
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.6 sq mi
ZIP Area
17,694
Density / Sq Mi
$91,445
Median Household Income
$40,928
Median Earnings
$2,160
Median Rent
$893,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail spaces and renovated residential units combine commercial frontage with income-producing apartment layouts.
Where is this mixed-use property located?
The property is located at 18-46 College Point Boulevard College Point, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Mixed‑use building with two ground‑floor retail stores and two upper‑level residential units; Ground‑floor commercial footprint measures 25' x 54'; Two residential floors offer 1,025 sq. ft. each with two bedrooms and one bathroom
