Mixed-Use Building with
For Sale
$756,000
124-28 Queens Boulevard #3D, Kew Gardens, NY 11415
Street-level shops accompany professional suites and condominium residences in a single development.
Property Size999 SF
Price / SF$756.76
Days on Market444
Property Features for 124-28 Queens Boulevard #3D
General Information
Standard status
Active
Size
999 SF
Property subtype
Commercial
Additional Details
Office Units
17
Property Use
Office / Medical
Taxes and HOA fees
Annual Taxes
$11,029
Building Details
Building Size
999 SF
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use development combines two street-level retail spaces with 16 office or medical suites, one dedicated medical space, and 28 condominium residences. The configuration brings commercial, professional, healthcare, and residential components together within one building.
The property fronts Queens Boulevard in Kew Gardens and is steps from the Queens Criminal and Supreme Courts, providing nearby courthouse access for businesses serving that setting.
The property fronts Queens Boulevard in Kew Gardens and is steps from the Queens Criminal and Supreme Courts, providing nearby courthouse access for businesses serving that setting.
Key Highlights
- Two street‑level retail spaces
- 16 office or medical suites and one dedicated medical space
- 28 condominium residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,891
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,820
$657.8K
Cap Rate 7%
$469,871
$469.9K
Cap Rate 9%
$365,456
$365.5K
Market Conditions
NOI Build-Up for 999 SF
Gross rent
$50.3K $50.40/SF
− Vacancy
−$6.5K −$6.50/SF
EGI
$43.9K $43.90/SF
− OpEx
−$11.0K −$10.97/SF
NOI
$32.9K $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%
$657,820
Cap Rate 7%
$469,871
Cap Rate 9%
$365,456
Alternative Uses
Best Use
Office B
$469.9K
$411.1K – $548.2K
NOI $32,891 @ 7.0% cap · market cap 4.35%
Second Best
Healthcare Medical
$329.1K
$287.9K – $383.9K
NOI $23,035 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$736.5K
$644.4K – $859.2K
NOI $51,553 @ 7.0% cap · market cap 6.82%
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 - Street-level shops accompany professional suites and condominium residences in a single development.
Where is this mixed-use property located?
The property is located at 124-28 Queens Boulevard #3D Kew Gardens, NY.
What is the asking price?
The asking price for this property is $756,000.
What are key features of this property?
This property features: Two street‑level retail spaces; 16 office or medical suites and one dedicated medical space; 28 condominium residences
