Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    81-26 Austin St Kew Gardens, NY 11415

    Sponsored
    For Sale
    $2,700,000

    Land - Kew Gardens, NY

    Lot size:
    0.23 Acres
    Days on Market:
    118
    Last Refresh:
    Feb 7 at 9:06 am

    Property Features for 81-26 Austin St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.23 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mitra Hakimi

    Mitra Hakimi Realty Group LLC (718) 268-5588

    Listing agent Mitra Hakimi (718) 268-5588 License #49HA1019118

    Listing date Oct 13, 2025

    MLS# 918396 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Kew Gardens R2-Zoned Lot

    This is a 9,803 square foot lot, zoned R2, located in Kew Gardens. The lot dimensions are 85 feet by 115 feet. It presents an opportunity to construct a custom-designed, oversized estate. The location is near the E and F subway lines and the Long Island Expressway, approximately two blocks away. Local buses, diverse shopping options, and houses of worship are also nearby. The property is located close to PS 99, a highly rated school, and Forest Park's recreational grounds. This property offers development potential in a high-demand neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kew Gardens
    County
    Queens
    State
    New York
    Longitude
    -73.832813
    Latitude
    40.712671

    Nearby Similar for Sale

    • $1,285,000
      Pending

      Kew Gardens Detached Two-Family Home

      Detached two-family home with recent renovations on a generous lot.
      85-34 121St St, Kew Gardens, NY 11415
      View Details
    • $1,265,000
      Pending

      Kew Gardens Three-Family Brick Property

      Three-family brick corner property in Kew Gardens, Queens.
      124-01 Hillside Ave, Kew Gardens, NY 11415
      View Details
    • $1,172,500
      0.06 Acres

      Renovated Two-Family Home, Kew Gardens

      Two-family home with renovations, yard, driveway, and garage near amenities.
      8433 124Th St, Kew Gardens, NY 11415
      View Details
    • New
      $1,988,000
      0.14 Acres

      Kew Gardens Multifamily House

      Nine-bedroom, six-bathroom house in Kew Gardens, Queens.
      127-22 Kew Gardens Rd, Kew Gardens, NY 11415
      View Details
    • $550,000
      Pending

      Kew Gardens Medical Office Condo

      Turnkey medical office condo in Kew Gardens, Queens for sale.
      8371 116Th St, Kew Gardens, NY 11418
      View Details
    • $1,700,000
      1,918 SF

      Updated Duplex in Kew Gardens

      Two-family home with development potential near transportation.
      84-15 120Th St, Kew Gardens, NY 11415
      View Details
    • $855,000

      Kew Gardens Modern Triplex

      Move-in ready triplex in Kew Gardens with modern amenities.
      8439 130Th St, Kew Gardens, NY 11415
      View Details
    • $80,000

      Established Dry Cleaning Business Opportunity

      Long-standing dry cleaning business for sale in Kew Gardens.
      118 Metropolitan Ave, Kew Gardens, NY 11415
      View Details
    • $6,250,000
      5,286 SF

      Kirkland Medical/Office Property For Sale

      Medical or office property in Totem Lake area.
      11415 128Th St, Kew Gardens, NY 11415
      View Details
    • $975,000
      1,500 SF

      Forest Park Mixed Use Condo

      Versatile Retail Medical Office Mixed Use Condo Residential 118-82 Metropolitan Avenue Kew Gardens
      118-82 Metropolitan Ave, Kew Gardens, NY 11415
      View Details
    • $1,988,000
      3,600 SF

      Kew Gardens Duplex For Sale

      Nine-bedroom, six-bathroom duplex in Kew Gardens, Queens.
      127-22 Kew Gardens Rd, Kew Gardens, NY 11415
      View Details
    • $1,590,000
      1,598 SF

      Kew Gardens Mixed-Use Gem

      Fully Vacant, 1,598 SF, 4BR
      84-124 Austin St, Kew Gardens, NY 11415
      View Details

    FAQs

    What type of property is this?
    Land - Large R2-zoned lot in prime Kew Gardens location.
    Where is this land located?
    The property is located at 81-26 Austin St Kew Gardens, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Massive 9,803 sq ft R2-zoned lot allows for building a custom, oversized estate.; - Prime Kew Gardens location offers exceptional convenience.; - Just two blocks to the E and F subway lines and the LIE.
    (718) 268-5588
    Request Owner's contact information
    81-26 Austin St Kew Gardens, NY 11415
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    81-26 Austin St
    Kew Gardens, NY 11415
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    81-26 Austin St Kew Gardens, NY 11415
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mitra Hakimi
    Real Estate License ID: 49HA1019118
    (718) 268-5588
    Learn more
    Google sign-in failed. Please try again or use another login method.