Mixed-Use Property with
For Sale
$820,000
124-28 Queens Boulevard Unit M1, Kew Gardens, NY 11415
2023 development combines street-level retail, office and medical suites, and residential condominiums in Kew Gardens.
Days on Market359
Property Features for 124-28 Queens Boulevard Unit M1
General Information
Standard status
Active
Property subtype
Mixed Use
Additional Details
Floor
Ground
Building Details
Building Size
820 SF
Year Built
2023
Tenancy
Multi
Listing Agency:
P R O Links Realty Inc
(718) 487-9992
Listed By:
Siang Liu
Source:
Barbieliteam
Added: Aug 7, 2025
Changed: Jul 31
Last Checked: Jul 31 at 12:22PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $50.40 |
| − Vacancy | −$5.3k | −$6.50 |
| EGI | $36.0k | $43.90 |
| − OpEx | −$9.0k | −$10.97 |
| NOI | $27.0k | $32.92 |
820 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$385.7K
$337.5K – $450.0K
NOI $26,998 @ 7.0% cap · market cap 3.29%
Second Best
Healthcare Medical
$270.1K
$236.4K – $315.1K
NOI $18,908 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$604.5K
$529.0K – $705.3K
NOI $42,316 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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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 M1 Kew Gardens, NY.
What is the asking price?
The asking price for this property is $820,000.
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
