Office Building with
For Sale
$1,950,000
14-48 College Point Boulevard, College Point, NY 11356
Multiple levels, a finished basement, and a flexible interior support a range of office configurations.
Property Size6,225 SF
Price / SF$313.25
Days on Market12
Property Features for 14-48 College Point Boulevard
General Information
Standard status
Active
Size
6,225 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$65,267
Amenities
Central A/C
Large Windows
High Ceilings
Finished Basement
Additional Storage
Private Outdoor / Backyard Area
Two Entrances
Walk-Out Basement
Building Details
Building Size
6,225 SF
Buildings
1
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
June H. Chang · License #00000
(917) 657-5198
Source:
Croninreale
Added: Oct 13
Changed: Oct 23
Last Checked: Oct 23 at 9:54AM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
This 6,225 SF office building spans multiple levels and includes elevator access, two entrances, and a walk-out basement. The interior has high ceilings, large windows, central A/C, and a sprinkler system. A finished basement provides additional storage, while a private outdoor area adds space beyond the building. The layout can be divided into separate spaces, subject to applicable approvals.
Positioned on College Point Boulevard in College Point, the property is described as being among residential neighborhoods, local businesses, and community amenities. Public transportation is accessible nearby. The building’s configuration and existing features can accommodate office uses, including medical and professional offices, as well as educational, community, wellness, and nonprofit facilities subject to applicable approvals.
Positioned on College Point Boulevard in College Point, the property is described as being among residential neighborhoods, local businesses, and community amenities. Public transportation is accessible nearby. The building’s configuration and existing features can accommodate office uses, including medical and professional offices, as well as educational, community, wellness, and nonprofit facilities subject to applicable approvals.
Key Highlights
- Approximately 6,225 SF across multiple levels
- Elevator access, two entrances, and a walk‑out basement
- Flexible floor plan with potential for multiple separate spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,536
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,870,720
$2.9M
Cap Rate 7%
$2,050,514
$2.1M
Cap Rate 9%
$1,594,844
$1.6M
Market Conditions
NOI Build-Up for 6,225 SF
Gross rent
$261.5K $42.00/SF
− Vacancy
−$22.2K −$3.57/SF
EGI
$239.2K $38.43/SF
− OpEx
−$95.7K −$15.37/SF
NOI
$143.5K $23.06/SF
Area
Queens County, NY
Vacancy
8.50%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,870,720
Cap Rate 7%
$2,050,514
Cap Rate 9%
$1,594,844
Alternative Uses
Best Use
Office B
$2.93M
$2.56M – $3.42M
NOI $204,951 @ 7.0% cap · market cap 10.51%
Second Best
Healthcare Medical
$2.05M
$1.79M – $2.39M
NOI $143,536 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$4.59M
$4.02M – $5.35M
NOI $321,240 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Multiple levels, a finished basement, and a flexible interior support a range of office configurations.
Where is this office building located?
The property is located at 14-48 College Point Boulevard College Point, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 6,225 SF across multiple levels; Elevator access, two entrances, and a walk‑out basement; Flexible floor plan with potential for multiple separate spaces
