Full-Floor Retail Suite with
146-17 Northern Blvd 2nd Fl Queens, NY 11354
New
146-17 Northern Blvd 2nd Fl, Queens, NY, 11354
$4,360,000
For Sale
$4,360,000
Entire second-floor retail space with elevator access, private entrance, and fully installed HVAC.
Property Size8,000 SF
Price / SF$545
Days on Market6
Property Features for 146-17 Northern Blvd 2nd Fl
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2021
Listing agency
(646) 889-9988
Listed by
Li Li
(646) 889-9988
Source
Elliman
Added: Jul 16 Updated: Jul 20 at 6:04PM Checked: Jul 21 at 8:23AM
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 Li Li
Investment Insights
Based on property information with market context.
New retail space available on the full second floor of an elevator building at 146-17 Northern Boulevard. The suite includes a dedicated private entrance, elevator access, and a functional layout with multiple private rooms. HVAC heating and cooling systems are fully installed, supporting a move-in-ready foundation for day-to-day operations.
The property is positioned near the intersection of Northern Boulevard and 147th Street in Flushing, Queens. It is served by multiple bus lines (Q13, Q28, QM3) and is close to the Flushing LIRR station for convenient access by both staff and customers.
As a full-floor configuration, the space is designed to accommodate a variety of appointment-based retail and service uses, with flexibility afforded by the multiple private rooms and overall layout.
The property is positioned near the intersection of Northern Boulevard and 147th Street in Flushing, Queens. It is served by multiple bus lines (Q13, Q28, QM3) and is close to the Flushing LIRR station for convenient access by both staff and customers.
As a full-floor configuration, the space is designed to accommodate a variety of appointment-based retail and service uses, with flexibility afforded by the multiple private rooms and overall layout.
Key Highlights
- 2021‑built elevator building with full 2nd‑floor retail space for lease
- 8,000 SF entire second floor with dedicated private entrance and elevator access
- Fully installed HVAC heating and cooling systems—move‑in ready foundation
Local Financial Insights For Retail
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 | $240.0k | $30.00 |
| − Vacancy | −$36.0k | −$4.50 |
| EGI | $204.0k | $25.50 |
| − OpEx | −$61.2k | −$7.65 |
| NOI | $142.8k | $17.85 |
8,000 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.04M
$1.79M – $2.38M
NOI $142,800 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $412,838 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
THE NORTHERN
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Entire second-floor retail space with elevator access, private entrance, and fully installed HVAC.
Where is this retail space located?
The property is located at 146-17 Northern Blvd 2nd Fl Queens, NY.
What is the asking price?
The asking price for this property is $4,360,000.
What are key features of this property?
This property features: 2021‑built elevator building with full 2nd‑floor retail space for lease; 8,000 SF entire second floor with dedicated private entrance and elevator access; Fully installed HVAC heating and cooling systems—move‑in ready foundation
