Mixed-Use Building with
For Sale
$522,000
124-28 Queens Boulevard #2E, Kew Gardens, NY 11415
The 2023 development combines ground-floor commerce, professional suites, medical space, and condominium residences.
Property Size572 SF
Price / SF$912.59
Days on Market444
Property Features for 124-28 Queens Boulevard #2E
General Information
Standard status
Active
Size
572 SF
Property subtype
Commercial
Additional Details
Office Units
17
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$6,315
Building Details
Building Size
572 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 3:22PM
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 building brings together two street-level retail spaces, 16 office and medical suites, one dedicated medical space, and 28 condominiums. The combination places commercial and residential uses within a single property along Queens Boulevard.
The building is near the Queens Criminal and Supreme Courts, with the courthouse complex a short walk away. Its commercial component includes ground-floor retail along with professional and medical spaces above.
The building is near the Queens Criminal and Supreme Courts, with the courthouse complex a short walk away. Its commercial component includes ground-floor retail along with professional and medical spaces above.
Key Highlights
- Two street‑level retail spaces along Queens Boulevard
- 16 office and medical suites plus one dedicated medical space
- 28 condominiums
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,832
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,640
$376.6K
Cap Rate 7%
$269,029
$269.0K
Cap Rate 9%
$209,244
$209.2K
Market Conditions
NOI Build-Up for 572 SF
Gross rent
$28.8K $50.40/SF
− Vacancy
−$3.7K −$6.50/SF
EGI
$25.1K $43.90/SF
− OpEx
−$6.3K −$10.97/SF
NOI
$18.8K $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%
$376,640
Cap Rate 7%
$269,029
Cap Rate 9%
$209,244
Alternative Uses
Best Use
Office B
$269.0K
$235.4K – $313.9K
NOI $18,832 @ 7.0% cap · market cap 3.61%
Second Best
Healthcare Medical
$188.4K
$164.9K – $219.8K
NOI $13,189 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$421.7K
$369.0K – $492.0K
NOI $29,518 @ 7.0% cap · market cap 5.65%
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 development combines ground-floor commerce, professional suites, medical space, and condominium residences.
Where is this mixed-use property located?
The property is located at 124-28 Queens Boulevard #2E Kew Gardens, NY.
What is the asking price?
The asking price for this property is $522,000.
What are key features of this property?
This property features: Two street‑level retail spaces along Queens Boulevard; 16 office and medical suites plus one dedicated medical space; 28 condominiums
