Mixed-Use Building with
For Sale
$1,338,000
20-11 College Point Boulevard, College Point, NY 11356
Two residential apartments sit above a street-level space suited to office or retail use.
Property Size2,500 SF
Price / SF$535.20
Days on Market198
Property Features for 20-11 College Point Boulevard
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
2
Property subtype
Commercial
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$5,939
Building Details
Building Size
2,500 SF
Year Built
2010
Buildings
1
Stories
3
Units
3
Listing Agency:
City Realty Group
(718) 888-9005
Listed By:
Emmy D. Cai CBR · License #10311207995
(646) 805-8688
Source:
Croninreale
Added: Apr 10
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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
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Investment Insights
Based on property information with market context.
Built in 2010, this 2,500-square-foot mixed-use property combines a legal two-family residence with a ground-floor storefront. The second and third floors each contain a two-bedroom apartment. The building also has a basement, two parking spaces, and a private backyard.
The street-level area is configured for office or storefront use. Separate utility service includes four electric meters and three gas meters. The property has nine years remaining on its tax abatement and is in College Point, near Bank of America, Walgreens, and Dunkin'. Transit options identified for the area include the #7 train and Q20A and Q65 buses.
The street-level area is configured for office or storefront use. Separate utility service includes four electric meters and three gas meters. The property has nine years remaining on its tax abatement and is in College Point, near Bank of America, Walgreens, and Dunkin'. Transit options identified for the area include the #7 train and Q20A and Q65 buses.
Key Highlights
- 2,500‑square‑foot mixed‑use property built in 2010
- Legal two‑family residence with one 2‑bedroom apartment on each of the 2nd and 3rd floors
- Street‑level storefront space and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,111
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,220
$1.2M
Cap Rate 7%
$873,014
$873.0K
Cap Rate 9%
$679,011
$679.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$115.5K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$111.1K $44.44/SF
− OpEx
−$50.0K −$20.00/SF
NOI
$61.1K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,220
Cap Rate 7%
$873,014
Cap Rate 9%
$679,011
Alternative Uses
Best Use
Apartment 5plus
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 4.57%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential apartments sit above a street-level space suited to office or retail use.
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: 2,500‑square‑foot mixed‑use property built in 2010; Legal two‑family residence with one 2‑bedroom apartment on each of the 2nd and 3rd floors; Street‑level storefront space and basement
