Mixed-Use Building with Street-Level
For Sale
$911,000
124-28 Queens Boulevard #4D, Kew Gardens, NY 11415
Office and medical suites share the property with 28 condominiums and two ground-floor retail units.
Property Size966 SF
Price / SF$943.06
Days on Market444
Property Features for 124-28 Queens Boulevard #4D
General Information
Standard status
Active
Size
966 SF
Property subtype
Commercial
Additional Details
Office Units
17
Taxes and HOA fees
Annual Taxes
$10,664
Building Details
Building Size
966 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 3:38PM
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.
Kew Gardens Tower is a mixed-use property on Queens Boulevard in Kew Gardens. Its commercial component includes two street-level retail spaces, 16 office or medical suites, and one dedicated medical space. The building also contains 28 condominiums.
The property is near the Queens Criminal Court and the Queens Supreme Court. Its combination of retail, professional and medical space, and residences brings several uses together within one building.
The property is near the Queens Criminal Court and the Queens Supreme Court. Its combination of retail, professional and medical space, and residences brings several uses together within one building.
Key Highlights
- Two street‑level retail spaces
- 16 office or medical suites and one dedicated medical space
- 28 condominiums
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,804
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,080
$636.1K
Cap Rate 7%
$454,343
$454.3K
Cap Rate 9%
$353,378
$353.4K
Market Conditions
NOI Build-Up for 966 SF
Gross rent
$48.7K $50.40/SF
− Vacancy
−$6.3K −$6.50/SF
EGI
$42.4K $43.90/SF
− OpEx
−$10.6K −$10.97/SF
NOI
$31.8K $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%
$636,080
Cap Rate 7%
$454,343
Cap Rate 9%
$353,378
Alternative Uses
Best Use
Office B
$454.3K
$397.6K – $530.1K
NOI $31,804 @ 7.0% cap · market cap 3.49%
Second Best
Healthcare Medical
$318.2K
$278.4K – $371.2K
NOI $22,274 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$712.1K
$623.1K – $830.8K
NOI $49,850 @ 7.0% cap · market cap 5.47%
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 - Office and medical suites share the property with 28 condominiums and two ground-floor retail units.
Where is this mixed-use property located?
The property is located at 124-28 Queens Boulevard #4D Kew Gardens, NY.
What is the asking price?
The asking price for this property is $911,000.
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 condominiums
