Mixed-Use Property with
For Sale
$608,000
124-28 Queens Boulevard Unit 4A, Kew Gardens, NY 11415
2023 development combines street-level retail, office and medical suites, and residential condominiums in Kew Gardens.
Property Size640 SF
Days on Market440
Property Features for 124-28 Queens Boulevard Unit 4A
General Information
Standard status
Active
Size
640 SF
Property subtype
Mixed Use
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$7,065
Building Details
Building Size
640 SF
Year Built
2023
Tenancy
Multi
Listing Agency:
P R O Links Realty Inc
Listed By:
Siang Liu
(718) 487-9992
Source:
Barbieliteam
Added: Aug 7, 2025
Changed: Oct 7
Last Checked: Oct 19 at 1:19PM
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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Investment Insights
Based on property information with market context.
Kew Gardens Tower is a 2023 mixed-use development at 124-28 Queens Boulevard in Kew Gardens, NY. The property includes two street-level retail spaces, 16 office and medical space suites, one dedicated medical space, and 28 condominiums.
The building is located just steps from the Queens Criminal and Supreme Courts, placing the commercial component near courthouse activity. Its combination of retail, professional office, medical, and residential space creates a vertically integrated property with multiple commercial and residential components.
The building is located just steps from the Queens Criminal and Supreme Courts, placing the commercial component near courthouse activity. Its combination of retail, professional office, medical, and residential space creates a vertically integrated property with multiple commercial and residential components.
Key Highlights
- 2023 mixed‑use development at 124‑28 Queens Boulevard, Kew Gardens, NY 11415
- Two expansive street‑level retail spaces
- 16 office and medical space suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,071
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,420
$421.4K
Cap Rate 7%
$301,014
$301.0K
Cap Rate 9%
$234,122
$234.1K
Market Conditions
NOI Build-Up for 640 SF
Gross rent
$32.3K $50.40/SF
− Vacancy
−$4.2K −$6.50/SF
EGI
$28.1K $43.90/SF
− OpEx
−$7.0K −$10.97/SF
NOI
$21.1K $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%
$421,420
Cap Rate 7%
$301,014
Cap Rate 9%
$234,122
Alternative Uses
Best Use
Office B
$301.0K
$263.4K – $351.2K
NOI $21,071 @ 7.0% cap · market cap 3.47%
Second Best
Healthcare Medical
$210.8K
$184.5K – $246.0K
NOI $14,757 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$471.8K
$412.8K – $550.5K
NOI $33,027 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 2023 development combines street-level retail, office and medical suites, and residential condominiums in Kew Gardens.
Where is this mixed-use property located?
The property is located at 124-28 Queens Boulevard Unit 4A Kew Gardens, NY.
What is the asking price?
The asking price for this property is $608,000.
What are key features of this property?
This property features: 2023 mixed‑use development at 124‑28 Queens Boulevard, Kew Gardens, NY 11415; Two expansive street‑level retail spaces; 16 office and medical space suites
