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Mixed-Use Retail and Office Building
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108 Beverly Road, Kensington, NY 11218

Two-story building offers a vacant retail unit and an income-producing office unit with separate HVAC systems.

Property Size1,500 SF
Days on Market126

Property Features for 108 Beverly Road

General Information

Standard status Active
Size 1,500 SF
Property subtype Retail, Office

Additional Details

Office Units 1

Building Details

Stories 2
Tenancy Multi
Listing Agency: Newmark
Listed By: Caroline Hodes · License #NY 10401272489
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 12:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark

Investment Insights

Based on property information with market context.

This two-story commercial building includes one retail unit of approximately 1,500 SF with a storage basement, delivered vacant. The property also has an office unit of approximately 1,000 SF that is currently tenant-occupied, with the lease expiring June 30, 2022. There are two electric and gas meters, and each unit controls its own HVAC, providing separate utility and comfort management.

The building is situated in the Kensington retail corridor off Church Avenue. Nearby tenants include Walgreens, Dunkin Donuts, RiteAid, T-Mobile, Sterling National Bank, and Carvel Ice Cream. Public transit is steps away, with the F/G train Church Avenue station and B35, B67, and B69 bus stops.

The roof is approximately two years old, supporting continued exterior performance for the building. The separate metering, unit-level HVAC controls, and mixed retail/office configuration make the property well-suited to buyers seeking a straightforward two-unit setup.

Key Highlights

  • Two‑story commercial building in Kensington with 1 retail unit (~1,500 SF plus storage basement) and 1 office unit (~1,000 SF)
  • Retail unit will be delivered vacant; office unit is tenant‑occupied paying $2,704/month with 5% annual increases through June 30, 2022
  • Each unit has its own HVAC and there are two electric & gas meters for separate utilities

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic Hotel & Motel Parking Lot & Garage Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,006
Businesses Nearby

Demographics for 11218, NY

78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Two-story building offers a vacant retail unit and an income-producing office unit with separate HVAC systems.
Where is this office units located?
The property is located at 108 Beverly Road Kensington, NY.
What are key features of this property?
This property features: Two‑story commercial building in Kensington with 1 retail unit (~1,500 SF plus storage basement) and 1 office unit (~1,000 SF); Retail unit will be delivered vacant; office unit is tenant‑occupied paying $2,704/month with 5% annual increases through June 30, 2022; Each unit has its own HVAC and there are two electric & gas meters for separate utilities
More about this property
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