Mixed-Use Building with
For Sale
$946,000
124-28 Queens Boulevard #3B, Kew Gardens, NY 11415
Street-level shops share the property with professional suites and condominium residences.
Property Size1,023 SF
Price / SF$924.73
Days on Market444
Property Features for 124-28 Queens Boulevard #3B
General Information
Standard status
Active
Size
1,023 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,294
Building Details
Building Size
1,023 SF
Year Built
2023
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 9:50AM
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 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 brings together two street-level retail spaces, 16 office and medical suites, a dedicated medical space, and 28 condominiums. The combination of commercial, professional, healthcare, and residential space is arranged within one building.
The property is on Queens Boulevard in Kew Gardens, a short walk from the Queens Criminal and Supreme Courts.
The property is on Queens Boulevard in Kew Gardens, a short walk from the Queens Criminal and Supreme Courts.
Key Highlights
- Two retail spaces at street level
- 16 office and medical suites, plus one dedicated medical space
- 28 condominiums
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,681
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,620
$673.6K
Cap Rate 7%
$481,157
$481.2K
Cap Rate 9%
$374,233
$374.2K
Market Conditions
NOI Build-Up for 1,023 SF
Gross rent
$51.6K $50.40/SF
− Vacancy
−$6.7K −$6.50/SF
EGI
$44.9K $43.90/SF
− OpEx
−$11.2K −$10.97/SF
NOI
$33.7K $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%
$673,620
Cap Rate 7%
$481,157
Cap Rate 9%
$374,233
Alternative Uses
Best Use
Office B
$481.2K
$421.0K – $561.4K
NOI $33,681 @ 7.0% cap · market cap 3.56%
Second Best
Healthcare Medical
$337.0K
$294.9K – $393.1K
NOI $23,588 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$754.2K
$659.9K – $879.9K
NOI $52,792 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - Street-level shops share the property with professional suites and condominium residences.
Where is this mixed-use property located?
The property is located at 124-28 Queens Boulevard #3B Kew Gardens, NY.
What is the asking price?
The asking price for this property is $946,000.
What are key features of this property?
This property features: Two retail spaces at street level; 16 office and medical suites, plus one dedicated medical space; 28 condominiums
