Three-Floor Mixed-Use
For Sale
$1,338,000
20-11 College Point Boulevard, College Point, NY 11356
Legal two-family residence with a street-level storefront, private backyard, and two parking spaces.
Property Size2,500 SF
Days on Market143
Property Features for 20-11 College Point Boulevard
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
2
Property subtype
Commercial
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$5,939
Amenities
private backyard
Building Details
Building Size
2,500 SF
Year Built
2010
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
City Realty Group
(646) 805-8688
Listed By:
Emmy D. Cai CBR · License #10311207995
(646) 805-8688
Source:
Alexandermadisonhomes
Added: Apr 10
Changed: Aug 28
Last Checked: Aug 28 at 11:32AM
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.
Built in 2010, this mixed-use property combines a legal two-family residence with commercial space at street level. The second and third floors each contain a two-bedroom residential unit, while the first floor is configured as an office and storefront. A basement, private backyard, and two parking spaces add practical utility to the property.
The building is located on College Point Boulevard near Tesla, Bank of America, Walgreens, and Dunkin'. Transit access includes the #7 train and the Q20A and Q65 bus routes. The property also has separate utility metering with four electric meters and three gas meters, along with nine years remaining on its tax abatement.
The building is located on College Point Boulevard near Tesla, Bank of America, Walgreens, and Dunkin'. Transit access includes the #7 train and the Q20A and Q65 bus routes. The property also has separate utility metering with four electric meters and three gas meters, along with nine years remaining on its tax abatement.
Key Highlights
- Legal two‑family residence with one two‑bedroom unit on each of the 2nd and 3rd floors
- Street‑level office and storefront space for retail or professional use
- Three‑floor building plus basement, built in 2010
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
$82,310
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
6.15%
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%
$1,646,200
$1.6M
Cap Rate 7%
$1,175,857
$1.2M
Cap Rate 9%
$914,556
$914.6K
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
$126.0K $50.40/SF
− Vacancy
−$16.3K −$6.50/SF
EGI
$109.7K $43.90/SF
− OpEx
−$27.4K −$10.97/SF
NOI
$82.3K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,646,200
Cap Rate 7%
$1,175,857
Cap Rate 9%
$914,556
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,310 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$637.5K
$557.8K – $743.8K
NOI $44,625 @ 7.0% cap · market cap 3.34%
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
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
986
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 - Legal two-family residence with a street-level storefront, private backyard, and two parking spaces.
Where is this mixed-use property 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: Legal two‑family residence with one two‑bedroom unit on each of the 2nd and 3rd floors; Street‑level office and storefront space for retail or professional use; Three‑floor building plus basement, built in 2010
