Mixed-Use Building with
14-27 College Point Boulevard, College Point, NY 11356
For Sale
$1,800,000
The upper level contains two occupied apartments, while three parking spaces are located behind the building.
Property Size2,120 SF
Price / SF$849.06
Days on Market150
Property Features for 14-27 College Point Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Tenancy
Listing Agency:
Eagle Realty Group New York
(718) 663-4366
Listed By:
Michael Ying Deng
Source:
Clairedleone
Added: Jun 12
Changed: Nov 7
Last Checked: Nov 7 at 12:55PM
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 Eagle Realty Group New York
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Investment Insights
Based on property information with market context.
Built in 1986, this brick mixed-use property combines a ground-floor store with two apartments above. Each apartment has three bedrooms, one and a half bathrooms, an eat-in kitchen, and a living room. The property is fully occupied and includes three parking spaces at the rear.
The building is in downtown College Point, where the property information notes heavy pedestrian activity.
The building is in downtown College Point, where the property information notes heavy pedestrian activity.
Key Highlights
- Ground‑floor store with two apartments on the upper level
- Each apartment has 3 bedrooms, 1.5 bathrooms, an eat‑in kitchen and a living room
- 3 parking spaces behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,822
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,440
$1.0M
Cap Rate 7%
$740,314
$740.3K
Cap Rate 9%
$575,800
$575.8K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$97.9K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.2K $44.44/SF
− OpEx
−$42.4K −$20.00/SF
NOI
$51.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,440
Cap Rate 7%
$740,314
Cap Rate 9%
$575,800
Alternative Uses
Best Use
Apartment 5plus
$740.3K
$647.8K – $863.7K
NOI $51,822 @ 7.0% cap · market cap 2.88%
Second Best
Retail
$540.6K
$473.0K – $630.7K
NOI $37,842 @ 7.0% cap · market cap 2.10%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,402 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
973
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Hola
Dining
973 visits/mo
0.3 miles
Demographics for 11356, NY
28,310
Population
9,003
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.6 sq mi
ZIP Area
17,694
Density / Sq Mi
$91,445
Median Household Income
$40,928
Median Earnings
$2,160
Median Rent
$893,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper level contains two occupied apartments, while three parking spaces are located behind the building.
Where is this mixed-use property located?
The property is located at 14-27 College Point Boulevard College Point, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Ground‑floor store with two apartments on the upper level; Each apartment has 3 bedrooms, 1.5 bathrooms, an eat‑in kitchen and a living room; 3 parking spaces behind the building
