Mixed-Use Building with
For Sale
$980,000
124-28 Queens Boulevard #5A, Kew Gardens, NY 11415
Commercial space is paired with condominiums in a building on Queens Boulevard, near the Queens Criminal and Supreme Courts.
Property Size980 SF
Price / SF$1,000
Days on Market444
Property Features for 124-28 Queens Boulevard #5A
General Information
Standard status
Active
Size
980 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
retail, office, medical, residential
Office Units
16
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$10,819
Building Details
Building Size
980 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 5:39PM
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 Queens Boulevard property combines commercial space with residential condominiums. Its ground floor includes two retail spaces, while the upper levels contain 16 office or medical suites and one dedicated medical space. The building also includes 28 condominiums.
The property is at 124-28 Queens Boulevard in Kew Gardens, steps from the Queens Criminal and Supreme Courts. Its mix of street-level retail, professional suites, dedicated medical space, and residences brings several uses together at one address.
The property is at 124-28 Queens Boulevard in Kew Gardens, steps from the Queens Criminal and Supreme Courts. Its mix of street-level retail, professional suites, dedicated medical space, and residences brings several uses together at one address.
Key Highlights
- Two street‑level retail spaces
- 16 office or medical suites
- One dedicated medical space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,265
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,300
$645.3K
Cap Rate 7%
$460,929
$460.9K
Cap Rate 9%
$358,500
$358.5K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$49.4K $50.40/SF
− Vacancy
−$6.4K −$6.50/SF
EGI
$43.0K $43.90/SF
− OpEx
−$10.8K −$10.97/SF
NOI
$32.3K $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%
$645,300
Cap Rate 7%
$460,929
Cap Rate 9%
$358,500
Alternative Uses
Best Use
Office B
$460.9K
$403.3K – $537.8K
NOI $32,265 @ 7.0% cap · market cap 3.29%
Second Best
Healthcare Medical
$322.8K
$282.5K – $376.6K
NOI $22,597 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16
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 - Commercial space is paired with condominiums in a building on Queens Boulevard, near the Queens Criminal and Supreme Courts.
Where is this mixed-use property located?
The property is located at 124-28 Queens Boulevard #5A Kew Gardens, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Two street‑level retail spaces; 16 office or medical suites; One dedicated medical space
