Mixed-Use Building with
For Sale
$737,000
124-28 Queens Boulevard #2D, Kew Gardens, NY 11415
The 2023 property combines street-facing retail, professional suites, dedicated medical space, and condominium residences.
Property Size819 SF
Price / SF$899.88
Days on Market444
Property Features for 124-28 Queens Boulevard #2D
General Information
Standard status
Active
Size
819 SF
Property subtype
Commercial
Additional Details
Office Units
17
Property Use
Office / Medical Office
Taxes and HOA fees
Annual Taxes
$9,042
Building Details
Building Size
819 SF
Year Built
2023
Buildings
1
Listing Agency:
P R O Links Realty Inc
(718) 487-9992
Listed By:
Siang Liu
(917) 418-8233
Source:
Croninreale
Added: Aug 7, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:26PM
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 P R O Links Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2023, this mixed-use property includes two street-level retail spaces, 16 office/medical suites, one dedicated medical space, and 28 condominium residences. The commercial spaces are positioned along Queens Boulevard, with the office and medical offerings above the retail level.
The property is near the Queens Criminal and Supreme Courts, placing it in proximity to both courthouses. Its uses span retail, office, medical, and residential space within one building.
The property is near the Queens Criminal and Supreme Courts, placing it in proximity to both courthouses. Its uses span retail, office, medical, and residential space within one building.
Key Highlights
- Two street‑level retail spaces along Queens Boulevard
- 16 office/medical suites and 1 dedicated medical space
- 28 condominium residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,965
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,300
$539.3K
Cap Rate 7%
$385,214
$385.2K
Cap Rate 9%
$299,611
$299.6K
Market Conditions
NOI Build-Up for 819 SF
Gross rent
$41.3K $50.40/SF
− Vacancy
−$5.3K −$6.50/SF
EGI
$36.0K $43.90/SF
− OpEx
−$9.0K −$10.97/SF
NOI
$27.0K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,300
Cap Rate 7%
$385,214
Cap Rate 9%
$299,611
Alternative Uses
Best Use
Office B
$385.2K
$337.1K – $449.4K
NOI $26,965 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$269.8K
$236.1K – $314.8K
NOI $18,885 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$603.8K
$528.3K – $704.4K
NOI $42,264 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17
Office units
Location Intelligence
Trade Area within ½ mile
3,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 11415, NY
20,241
Population
9,794
Households
2.1
Avg Household Size
41
Median Age
53%
College-Educated
89%
High-School Grad
0.6 sq mi
ZIP Area
33,735
Density / Sq Mi
$88,632
Median Household Income
$60,950
Median Earnings
$1,909
Median Rent
$367,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 2023 property combines street-facing retail, professional suites, dedicated medical space, and condominium residences.
Where is this mixed-use property located?
The property is located at 124-28 Queens Boulevard #2D Kew Gardens, NY.
What is the asking price?
The asking price for this property is $737,000.
What are key features of this property?
This property features: Two street‑level retail spaces along Queens Boulevard; 16 office/medical suites and 1 dedicated medical space; 28 condominium residences
