Three-Story Office
New
For Sale
$2,499,000
14021 Queens Blvd, Queens, NY 11435
Renovations updated the bathrooms, heating and air conditioning, electrical, and lighting systems.
Property Size3,300 SF
Days on Market2
Property Features for 14021 Queens Blvd
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Public Transit
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$23,135
Building Details
Building Size
3,300 SF
Year Built
1910
Buildings
1
Stories
3
Listing Agency:
Signature Premier Properties
Listed By:
Oksana Malayeva SFR
(347) 575-3800
Source:
Elliman
Added: Nov 4
Last Checked: Nov 4 at 2:50PM
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 Signature Premier Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story office property was built in 1910 and has been remodeled throughout. Renovation work includes updated bathrooms, heating and air conditioning, electrical, and lighting systems. The building has abundant natural light and contemporary interior finishes.
Queens Boulevard frontage places the property near MTA bus service, including the Q60, with Q20 and Q44 connections nearby. The Jamaica–Van Wyck and Sutphin Boulevard subway stations are each approximately 0.3 mile away. Jamaica LIRR and AirTrain JFK are approximately 0.6 mile from the property.
Queens Boulevard frontage places the property near MTA bus service, including the Q60, with Q20 and Q44 connections nearby. The Jamaica–Van Wyck and Sutphin Boulevard subway stations are each approximately 0.3 mile away. Jamaica LIRR and AirTrain JFK are approximately 0.6 mile from the property.
Key Highlights
- Three‑story office building, built in 1910
- Remodeled throughout, with contemporary finishes and abundant natural light
- Updated bathrooms, heating and air conditioning, electrical, and lighting systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,649
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,980
$2.2M
Cap Rate 7%
$1,552,129
$1.6M
Cap Rate 9%
$1,207,211
$1.2M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$166.3K $50.40/SF
− Vacancy
−$21.5K −$6.50/SF
EGI
$144.9K $43.90/SF
− OpEx
−$36.2K −$10.97/SF
NOI
$108.6K $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%
$2,172,980
Cap Rate 7%
$1,552,129
Cap Rate 9%
$1,207,211
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,649 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,882
Businesses Nearby
Explore this area
Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Renovations updated the bathrooms, heating and air conditioning, electrical, and lighting systems.
Where is this office building located?
The property is located at 14021 Queens Blvd Queens, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Three‑story office building, built in 1910; Remodeled throughout, with contemporary finishes and abundant natural light; Updated bathrooms, heating and air conditioning, electrical, and lighting systems
