Flexible Warehouse and
2106 College Point Boulevard, College Point, NY 11356
For Sale
Contact for pricing
Two adaptable units can operate separately or be combined, with office and storage space supporting a range of commercial functions.
Property Size2,993 SF
Price / SF$4.28
Days on Market29
Property Features for 2106 College Point Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Wenting Wang · License #10401302204
(917) 547-4288
Source:
Neilcharlesrealestate
Added: Oct 11
Changed: Nov 7
Last Checked: Nov 7 at 3:45PM
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 B Square Realty
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Investment Insights
Based on property information with market context.
This flex property comprises two warehouse and storefront units of approximately 3,000 SF each, with the option to combine them for up to 6,000 SF. Each unit has a flexible layout and approximately 23-foot ceilings. Supporting areas include a second-floor office of approximately 600 SF and basement storage of approximately 400 SF. The layout can accommodate a showroom at the front with warehouse operations behind it.
Truck access is available for loading and unloading, and 3–4 parking spaces sit in front of the property. The building is in College Point, near Flushing, within an industrial and commercial area. Zoning is C2-3.
Truck access is available for loading and unloading, and 3–4 parking spaces sit in front of the property. The building is in College Point, near Flushing, within an industrial and commercial area. Zoning is C2-3.
Key Highlights
- Two warehouse/storefront units, approximately 3,000 SF each; can be combined for up to 6,000 SF
- Approximately 23‑foot ceilings in each unit
- Second‑floor office of approximately 600 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,829
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,580
$376.6K
Cap Rate 7%
$268,986
$269.0K
Cap Rate 9%
$209,211
$209.2K
Market Conditions
NOI Build-Up for 2,993 SF
Gross rent
$28.4K $9.48/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$26.9K $8.99/SF
− OpEx
−$8.1K −$2.70/SF
NOI
$18.8K $6.29/SF
Area
Queens County, NY
Vacancy
5.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,580
Cap Rate 7%
$268,986
Cap Rate 9%
$209,211
Alternative Uses
Best Use
Flex RnD
$678.7K
$593.9K – $791.8K
NOI $47,508 @ 7.0% cap · market cap 371.16%
Second Best
Warehouse
$326.6K
$285.8K – $381.1K
NOI $22,863 @ 7.0% cap · market cap 178.62%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,453 @ 7.0% cap · market cap 1,206.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
Under-served
Demand for This Use
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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
Properties on Market for Flex space in Queens County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- 678 Aurora Catering Inc. — 3050 Whitestone Expy, College Point, NY 11354
- Mujjeog Jjang Restaurant — 129-09 26th Ave, Flushing, NY 11354
- Mujeog Jjang restaurant -J&CH Catering Corp/Pig's trotters, chicken, bento boxes/족발,치킨,도시락 전문 — 129-09 26th Ave, College Point, NY 11354
- Larimer Catering — 121st St, Queens, NY 11356
Frequently Asked Questions
What type of property is this?
Flex space - Two adaptable units can operate separately or be combined, with office and storage space supporting a range of commercial functions.
Where is this flex space located?
The property is located at 2106 College Point Boulevard College Point, NY.
What are key features of this property?
This property features: Two warehouse/storefront units, approximately 3,000 SF each; can be combined for up to 6,000 SF; Approximately 23‑foot ceilings in each unit; Second‑floor office of approximately 600 SF
