Mixed-Use Building with
For Sale
$2,280,000
21-20 College Point Boulevard, College Point, NY 11356
Four residential units and four garages accompany the ground-floor restaurant space.
Property Size6,875 SF
Price / SF$331.64
Days on Market148
Property Features for 21-20 College Point Boulevard
General Information
Standard status
Active
Size
6,875 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
R5B
Taxes and HOA fees
Annual Taxes
$15,126
Building Details
Building Size
6,875 SF
Year Built
1930
Buildings
1
Stories
3
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hui Hong Huang
(347) 517-7177
Source:
Croninreale
Added: May 30
Changed: Oct 24
Last Checked: Oct 23 at 5:54PM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
Built in 1930, this mixed-use property combines a ground-level restaurant in operation with four residential units. Four garages are also part of the property, and the zoning designation is R5B.
The building occupies a corner at 21-20 College Point Boulevard in College Point, New York. The site is described as having high traffic.
The building occupies a corner at 21-20 College Point Boulevard in College Point, New York. The site is described as having high traffic.
Key Highlights
- Ground‑floor restaurant space is currently operating
- Four residential units in the mixed‑use building
- Four garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,055
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,361,100
$3.4M
Cap Rate 7%
$2,400,786
$2.4M
Cap Rate 9%
$1,867,278
$1.9M
Market Conditions
NOI Build-Up for 6,875 SF
Gross rent
$317.6K $46.20/SF
− Vacancy
−$12.1K −$1.76/SF
EGI
$305.6K $44.44/SF
− OpEx
−$137.5K −$20.00/SF
NOI
$168.1K $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%
$3,361,100
Cap Rate 7%
$2,400,786
Cap Rate 9%
$1,867,278
Alternative Uses
Best Use
Specialty Retail
$4.55M
$3.98M – $5.30M
NOI $318,192 @ 7.0% cap · market cap 13.96%
Second Best
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $168,055 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,783 @ 7.0% cap · market cap 15.56%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential units and four garages accompany the ground-floor restaurant space.
Where is this mixed-use property located?
The property is located at 21-20 College Point Boulevard College Point, NY.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Ground‑floor restaurant space is currently operating; Four residential units in the mixed‑use building; Four garages
