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    Mixed-Use Building in College Point Title is generated by Realmo AI

    12214 15th Ave, College Point, NY

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    Two-story building suitable for warehouse, office, or retail use.

    Type:INDUSTRIAL
    Property size:
    7,500 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $393/SF
    Added:
    Jun 24, 2025
    Days on Market:
    352
    Last Refresh:
    May 20 at 8:35 pm

    Property Features for 12214 15th Ave

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Lot size
    0.09 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 12214 15th Ave Contact us

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    Listing Contact
    Stephen R. Preuss
    Stephen R. Preuss

    Listing agent Stephen R. Preuss License #4366

    Listing office RIPCO Real Estate - Queens

    Listing date Jun 24, 2025

    Source Moodyscre

    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 RIPCO Real Estate - Queens

    HighLights

    • Two‑story building suitable for warehouse, office, or retail use.
    • Potential for office or residential conversion on the second floor.
    • Located just off College Point Boulevard and 20th Avenue.
    • MTA bus stop (Q5M3+MQ) directly in front of the building.
    • Ideal for warehouse use.
    • Ideal for office use.

    Overview

    This two-story building, located just off College Point Boulevard and 20th Avenue, is suitable for warehouse, office, or retail use on the first floor. The second floor offers potential for office or residential conversion. An MTA bus stop (Q5M3+MQ) is located directly in front of the building. The property has a size of 7,500 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $378.0k $50.40
    − Vacancy −$48.8k −$6.50
    EGI $329.2k $43.90
    − OpEx −$82.3k −$10.97
    NOI $246.9k $32.92
    7,500 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.53M
    $3.09M – $4.12M (±1% cap)
    NOI $246,928 @ 7.0% cap · market cap 8.37%
    Second Best
    Retail
    $1.91M
    $1.67M – $2.23M (±1% cap)
    NOI $133,875 @ 7.0% cap · market cap 4.54%
    Theoretical Best
    Office A
    $5.53M
    $4.84M – $6.45M (±1% cap)
    NOI $387,036 @ 7.0% cap · market cap 13.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Malva R R ... Pediatrician

    Suggested Use

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

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

    Similar Places Nearby

    • City Closet Self Storage — 20-20 129th St, College Point, NY 11356
    • Nannybag Luggage Storage — 15-13 College Point Blvd, College Point, NY 11356
    • Bounce Luggage Storage - Flushing — 20-07 127th St, Queens, NY 11356
    • Ralph express moving inc. — 114-16 14th Ave, College Point, NY 11356
    • College Point Self Storage — 2020 129th St, Queens, NY 11356

    Location Insight

    • Map
    • Local Demand
    City
    College Point
    County
    Queens
    State
    New York
    Longitude
    -73.8452
    Latitude
    40.7841

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    FAQs

    What type of property is this?
    Warehouse - Two-story building suitable for warehouse, office, or retail use.
    Where is this warehouse located?
    The property is located at 12214 15th Ave College Point, NY.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Two‑story building suitable for warehouse, office, or retail use.; Potential for office or residential conversion on the second floor.; Located just off College Point Boulevard and 20th Avenue.
    (516) 647-7155 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephen R. Preuss
    Stephen R. Preuss
    Real Estate License ID: 4366
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