Retail Shopping Center
For Sale
$1,338,000
20-11 College Point Boulevard, College Point, NY 11356
For sale retail shopping center located in Queens on College Point Boulevard.
Property Size2,500 SF
Days on Market123
Property Features for 20-11 College Point Boulevard
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
2
Taxes and HOA fees
Annual Taxes
$5,939
Amenities
Forced Air, Natural Gas
Full
Building Details
Building Size
2,500 SF
Year Built
2010
Listing Agency:
City Realty Group
(646) 805-8688
Listed By:
Emmy D. Cai CBR · License #10311207995
(646) 805-8688
Source:
Evrealestate
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 16 at 6:17AM
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 City Realty Group
Investment Insights
Based on property information with market context.
This offering is for a retail shopping center space within a broader retail properties and spaces portfolio. The asset is presented as retail real estate suitable for established businesses and retail concepts seeking a commercial setting within a shopping center environment.
The property is located at 20-11 College Point Boulevard in College Point, Queens. As a Queens retail asset, it is positioned to serve day-to-day shopping needs in the surrounding area.
Interested parties should evaluate the space for retail operations that fit a shopping center configuration. Because specific unit sizes, buildout details, and tenancy information were not provided, prospective buyers should plan to review the offering materials to confirm layout, condition, and any lease or operating considerations tied to the retail space before making a decision.
The property is located at 20-11 College Point Boulevard in College Point, Queens. As a Queens retail asset, it is positioned to serve day-to-day shopping needs in the surrounding area.
Interested parties should evaluate the space for retail operations that fit a shopping center configuration. Because specific unit sizes, buildout details, and tenancy information were not provided, prospective buyers should plan to review the offering materials to confirm layout, condition, and any lease or operating considerations tied to the retail space before making a decision.
Key Highlights
- Retail shopping center for sale on College Point Boulevard in Queens
- Year built: 2010
- Heating: forced air, natural gas
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
$44,625
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
3.34%
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%
$892,500
$892.5K
Cap Rate 7%
$637,500
$637.5K
Cap Rate 9%
$495,833
$495.8K
Market Conditions
NOI Build-Up for 2,500 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
$75.0K $30.00/SF
− Vacancy
−$11.3K −$4.50/SF
EGI
$63.8K $25.50/SF
− OpEx
−$19.1K −$7.65/SF
NOI
$44.6K $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 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%
$892,500
Cap Rate 7%
$637,500
Cap Rate 9%
$495,833
Alternative Uses
Best Use
Retail
$637.5K
$557.8K – $743.8K
NOI $44,625 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Groceries 20%
Electronics 3%
Dining 2%
Conoco
Shops & Services
13,689 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,406 visits/mo
0.4 miles
Key Food Supermarkets
Groceries
9,999 visits/mo
0.1 miles
BP
Shops & Services
8,061 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,811 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Royal Barbershop Whitepoint Shopping Center — 132-13 14th Ave, College Point, NY 11356
- College Point Plaza — 15-25 132nd St, Flushing, NY 11356
Frequently Asked Questions
What type of property is this?
Shopping center - For sale retail shopping center located in Queens on College Point Boulevard.
Where is this shopping center located?
The property is located at 20-11 College Point Boulevard College Point, NY.
What is the asking price?
The asking price for this property is $1,338,000.
What are key features of this property?
This property features: Retail shopping center for sale on College Point Boulevard in Queens; Year built: 2010; Heating: forced air, natural gas
