Mixed-Use Building with Office
For Sale
$1,210,000
15-46 125th Street, College Point, NY 11356
Commercial space is paired with fully occupied multifamily apartments across the upper floors.
Property Size5,234 SF
Price / SF$231.18
Days on Market163
Property Features for 15-46 125th Street
General Information
Standard status
Active
Size
5,234 SF
Property subtype
Commercial
Zoning
R4A
Taxes and HOA fees
Annual Taxes
$32,109
Building Details
Building Size
5,234 SF
Year Built
1930
Buildings
1
Units
4
Listing Agency:
BERKSHIRE HATHAWAY
(516) 668-9154
Listed By:
Fatima Smith AHWD
(516) 668-9154
Source:
Cohenandcohenrealty
Added: Mar 4
Changed: Aug 14
Last Checked: Aug 14 at 5:52AM
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 BERKSHIRE HATHAWAY
Investment Insights
Based on property information with market context.
This 5,234-square-foot mixed-use building combines office and multifamily components within a three-level configuration. Office space on the lower level and ground floor ranges from approximately 660 to 2,000 square feet, with separate front and side entrances. The space can accommodate business operations or be leased independently, subject to applicable requirements.
The second and third floors contain fully occupied multifamily apartment units, creating a combined commercial and residential layout. The property is located at 15-46 125th Street in College Point, New York, and was built in 1930. R4A zoning is identified for the property.
The second and third floors contain fully occupied multifamily apartment units, creating a combined commercial and residential layout. The property is located at 15-46 125th Street in College Point, New York, and was built in 1930. R4A zoning is identified for the property.
Key Highlights
- 5,234‑square‑foot mixed‑use building with office and multifamily components
- Lower‑level and ground‑floor office space ranges from approximately 660 to 2,000 square feet
- Office area has both front and side entrances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,362
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,347,240
$1.3M
Cap Rate 7%
$962,314
$962.3K
Cap Rate 9%
$748,467
$748.5K
Market Conditions
NOI Build-Up for 5,234 SF
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.
Gross rent
$125.6K $24.00/SF
− Vacancy
−$17.8K −$3.41/SF
EGI
$107.8K $20.59/SF
− OpEx
−$40.4K −$7.72/SF
NOI
$67.4K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,347,240
Cap Rate 7%
$962,314
Cap Rate 9%
$748,467
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,323 @ 7.0% cap · market cap 14.24%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $127,942 @ 7.0% cap · market cap 10.57%
Theoretical Best
Office A
$3.86M
$3.38M – $4.50M
NOI $270,100 @ 7.0% cap · market cap 22.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,688
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space is paired with fully occupied multifamily apartments across the upper floors.
Where is this mixed-use property located?
The property is located at 15-46 125th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,210,000.
What are key features of this property?
This property features: 5,234‑square‑foot mixed‑use building with office and multifamily components; Lower‑level and ground‑floor office space ranges from approximately 660 to 2,000 square feet; Office area has both front and side entrances
