Building Details

Building Size 5,234 SF

Year Built 1930

Buildings 1

Stories 3

Units 4

Tenancy Multi

Listing Agency: Prospes Real Estate Corp d***@prospesny.com Show Phone

Listed By: Tong Jiang CBR Show Phone

Source: Croninreale

Added: Oct 18 Changed: Oct 23 Last Checked: Oct 23 at 5:13PM

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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 Prospes Real Estate Corp

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Investment Insights

Based on property information with market context.

At 15-46 125th Street in College Point, this 5,234-square-foot mixed-use property was built in 1930. The ground floor includes office space with entrances at the front and side, plus a one-bedroom apartment at the rear. Apartments occupy the second and third floors, and all are currently occupied.

The building sits on a corner in College Point, Queens, with commercial and residential space arranged across three floors.

Key Highlights

• 5,234‑square‑foot mixed‑use property built in 1930
• Ground‑floor office space with front and side entrances
• Rear one‑bedroom apartment on the ground floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,362

Cap Rate

5.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,347,240 $1.3M

Cap Rate 7%

$962,314 $962.3K

Cap Rate 9%

$748,467 $748.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,234 SF

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 Rate 5%

$1,347,240

Cap Rate 7%

$962,314

Cap Rate 9%

$748,467

Alternative Uses

Best Use

Apartment 5plus

$1.83M

$1.60M – $2.13M (±1% cap)

NOI $127,942 @ 7.0% cap · market cap 10.57%

Second Best

Mixed Use

$962.3K

$842.0K – $1.12M (±1% cap)

NOI $67,362 @ 7.0% cap · market cap 5.57%

Theoretical Best

Office A

$3.86M

$3.38M – $4.50M (±1% cap)

NOI $270,100 @ 7.0% cap · market cap 22.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Parking Lot & Garage Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

412

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 Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-level commercial space includes separate front and side entrances, alongside a rear one-bedroom apartment.

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 property built in 1930; Ground‑floor office space with front and side entrances; Rear one‑bedroom apartment on the ground floor