Mixed-Use Building For
For Sale
Contact for pricing
15011 Northern Blvd, Queens, NY 11354
Mixed-use building featuring apartments, doctor's office, and finished basement.
Property Size7,850 SF
Price / SF$420.38
Days on Market722
Property Features for 15011 Northern Blvd
General Information
Standard status
Active
Size
7,850 SF
Property subtype
Mixed Use, Multifamily, Office
Occupancy
83%
Investment Type
Owner/User
Net Operating Income
$189,684
Building Details
Year Built
2005
Units
6
Listing Agency:
DGNY Commercial
Listed By:
Gary Pezza · License #NY10301223199
Source:
Crexi
Added: Oct 31, 2024
Changed: Oct 16
Last Checked: Oct 20 at 5:58PM
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 DGNY Commercial
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Investment Insights
Based on property information with market context.
This mixed-use building, offered for sale, features four apartments, a doctor's office, and a finished basement. The property has a size of 7850 square feet.
Key Highlights
- Mixed‑use building offering diverse possibilities.
- Features four apartments, providing residential income.
- Includes a doctor's office, ideal for professional use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,030
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,020,600
$2.0M
Cap Rate 7%
$1,443,286
$1.4M
Cap Rate 9%
$1,122,556
$1.1M
Market Conditions
NOI Build-Up for 7,850 SF
Gross rent
$188.4K $24.00/SF
− Vacancy
−$26.8K −$3.41/SF
EGI
$161.6K $20.59/SF
− OpEx
−$60.6K −$7.72/SF
NOI
$101.0K $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%
$2,020,600
Cap Rate 7%
$1,443,286
Cap Rate 9%
$1,122,556
Alternative Uses
Best Use
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $101,030 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.79M
$5.06M – $6.75M
NOI $405,098 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,612
Businesses Nearby
Explore this area
Business Placement
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring apartments, doctor's office, and finished basement.
Where is this mixed-use property located?
The property is located at 15011 Northern Blvd Queens, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Mixed‑use building offering diverse possibilities.; Features four apartments, providing residential income.; Includes a doctor's office, ideal for professional use.
