Three-Store Retail Strip
For Sale
$8,500,000
16024 Northern Blvd, Queens, NY 11358
Three-store strip center includes a back parking lot for approximately 20 cars.
Property Size3,895 SF
Lot Size0.19 Acres
Price / SF$2,182
Days on Market121
Property Features for 16024 Northern Blvd
General Information
Standard status
Active
Size
3,895 SF
Total Parking Spaces
20
Lot size
0.19 Acres
Property subtype
Commercial
Zoning
CI-5/R5B
Taxes and HOA fees
Annual Taxes
$85,248
Building Details
Building Size
3,895 SF
Year Built
1942
Units
3
Tenancy
Multi
Listing Agency:
RE/MAX 1st Choice
Listed By:
Duckjae Lee · License #10301203331
(917) 406-6026
Source:
Elliman
Added: May 10
Changed: Aug 28
Last Checked: Sep 6 at 12:08PM
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 RE/MAX 1st Choice
Investment Insights
Based on property information with market context.
This three-store retail strip center totals 3,895 square feet in building area, with a 4,575 square foot parking lot at the rear that accommodates approximately 20 cars. The property also includes air rights for an additional 8.809 square feet, and it sits on an 8,470 square foot total lot.
The center is located on Northern Blvd in Queens. The property is identified under zoning CI-5/R5B.
It is presented as a for-sale investment property or development site, and the listing provides an NOI of $335,492 per year.
The center is located on Northern Blvd in Queens. The property is identified under zoning CI-5/R5B.
It is presented as a for-sale investment property or development site, and the listing provides an NOI of $335,492 per year.
Key Highlights
- 3‑store strip center built in 1942
- 3,895 SF building with a back parking lot for approximately 20 cars (4,575 SF)
- Total lot size is 8,470 SF
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,612
Businesses Nearby
669k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Apparel 19%
Superstores 18%
Home Improvements & Furnishings 14%
BJ's Wholesale Club
Superstores
119,525 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
93,325 visits/mo
0.1 miles
H Mart
Groceries
69,262 visits/mo
0.2 miles
Marshalls
Apparel
66,127 visits/mo
0.1 miles
Burlington
Apparel
57,951 visits/mo
0.3 miles
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Three-store strip center includes a back parking lot for approximately 20 cars.
Where is this strip mall located?
The property is located at 16024 Northern Blvd Queens, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 3‑store strip center built in 1942; 3,895 SF building with a back parking lot for approximately 20 cars (4,575 SF); Total lot size is 8,470 SF
