Full-Floor Retail
For Sale
$4,360,000
146-17 Northern Boulevard 2nd Fl, Flushing, NY 11354
Second-floor commercial space with a private entrance, multiple rooms, and installed HVAC systems.
Property Size8,000 SF
Price / SF$545
Days on Market47
Property Features for 146-17 Northern Boulevard 2nd Fl
General Information
Standard status
Active
Size
8,000 SF
Additional Details
Floor
2
Amenities
dedicated private entrance
multiple private rooms
HVAC heating and cooling systems
Building Details
Year Built
2021
Listing Agency:
B Square Realty
Listed By:
Li Li
(646) 889-9988
Source:
Realtyconnectusa
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 7 at 5:05PM
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 B Square Realty
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Investment Insights
Based on property information with market context.
This 8,000 SF retail space occupies the entire second floor of a building completed in 2021. A dedicated private entrance leads to a layout with multiple enclosed rooms, while installed HVAC systems provide heating and cooling. The configuration can accommodate educational and training operations, medical or wellness practices, professional services, showroom concepts, and appointment-based retail uses.
The property is located at 146-17 Northern Boulevard near 147th Street in Flushing. Multiple bus routes, including Q13, Q28, and QM3, serve the area, and the Flushing LIRR station is nearby. Recent residential development surrounds the corridor, adding neighborhood activity and supporting access for staff and customers.
The property is located at 146-17 Northern Boulevard near 147th Street in Flushing. Multiple bus routes, including Q13, Q28, and QM3, serve the area, and the Flushing LIRR station is nearby. Recent residential development surrounds the corridor, adding neighborhood activity and supporting access for staff and customers.
Key Highlights
- 8,000 SF full‑floor retail space on the 2nd Floor
- Completed in 2021
- Dedicated private entrance with multiple private rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,800
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,000
$2.9M
Cap Rate 7%
$2,040,000
$2.0M
Cap Rate 9%
$1,586,667
$1.6M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$240.0K $30.00/SF
− Vacancy
−$36.0K −$4.50/SF
EGI
$204.0K $25.50/SF
− OpEx
−$61.2K −$7.65/SF
NOI
$142.8K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,000
Cap Rate 7%
$2,040,000
Cap Rate 9%
$1,586,667
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,334
Businesses Nearby
335k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 33%
Shops & Services 15%
Hotels & Casinos 8%
Stop & Shop
Groceries
58,603 visits/mo
0.4 miles
H Mart
Groceries
42,194 visits/mo
0.3 miles
H Mart
Groceries
42,072 visits/mo
0.5 miles
McDonald's
Dining
31,361 visits/mo
0.4 miles
Shell
Shops & Services
21,073 visits/mo
0.3 miles
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Second-floor commercial space with a private entrance, multiple rooms, and installed HVAC systems.
Where is this retail space located?
The property is located at 146-17 Northern Boulevard 2nd Fl Flushing, 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: 8,000 SF full‑floor retail space on the 2nd Floor; Completed in 2021; Dedicated private entrance with multiple private rooms
