Northern Blvd Corner Mixed-Use Building

21515 Northern Blvd, Queens, NY 11361

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For Sale

$15,000,000

100% occupied mixed-use building with parking lot on Northern Blvd.

Type:Commercial

Property size:

30,700 SF

Price / SF:

$488/SF

We can help!

Contact an agent

Richard Matt Shane

Real Estate License ID: 10301216230

HighLights

100% Occupied 30,700+ Sqft Corner Building with Private Parking Lot
Located on Northern Blvd in the Heart of Bayside, near Bell Blvd and the Bayside LIRR Station
High Traffic Location: 50,000+ Vehicles Per Day
R6B/R4/C2‑2 Zoning with Development Potential
Excellent Signage and Exposure with 101’ Frontage on Northern Blvd and 143’ Frontage on 215th St
23 Parking Spaces, 2 Elevators, and High 17’ Ceilings

Learn more

For Sale

$15,000,000

100% occupied mixed-use building with parking lot on Northern Blvd.

Type:Commercial

Property size:

30,700 SF

Price / SF:

$488/SF

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 11:58 am

Property Features for 21515 Northern Blvd

General Information

Standard status: Active
Size: 30,700 SF
Property subtype: Commercial

Building Details

Year Built: 2014

We can help!

Contact an agent

Richard Matt Shane

Listing office ALL ISLAND ESTATES REALTY CORP

Listing date Mar 10, 2026

Source Elliman

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 ALL ISLAND ESTATES REALTY CORP

HighLights

100% Occupied 30,700+ Sqft Corner Building with Private Parking Lot
Located on Northern Blvd in the Heart of Bayside, near Bell Blvd and the Bayside LIRR Station
High Traffic Location: 50,000+ Vehicles Per Day
R6B/R4/C2‑2 Zoning with Development Potential
Excellent Signage and Exposure with 101’ Frontage on Northern Blvd and 143’ Frontage on 215th St
23 Parking Spaces, 2 Elevators, and High 17’ Ceilings

Overview

This 3-story corner building, with over 30,700 square feet, is located on Northern Boulevard in Bayside, two blocks from Bell Boulevard and minutes from the Bayside LIRR station. Situated midway between I-295 and the Cross Island Parkway, the property features 101 feet of frontage on Northern Boulevard and 143 feet on 215th Street. The building includes a private parking lot with 23 spaces, two elevators, sprinklers, strategically placed curb cut, and high 17-foot ceilings. It also offers 3-phase power, all new LED lighting, and CAC. The property benefits from R6B/R4/C2-2 zoning and excellent signage. The location has a daily traffic count of over 50,000 vehicles per day. Neighbors include Starbucks, BMW, Jeep-Dodge-Ram, Nissan, USPS, UPS, Northwell Health, Chase Bank, Capital One, Citibank, TD Bank, Investor’s Bank, Verizon, AT&T, CubeSmart Self Storage, Staples, Dunkin’, 7-Eleven, Tropical Smoothie Cafe, Wendy’s, Orangetheory Fitness, Bareburger and CVS. This property is 100% occupied and offers upside potential as a development site or business location.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.55M	$50.40
− Vacancy	−$199.6k	−$6.50
EGI	$1.35M	$43.90
− OpEx	−$336.9k	−$10.97
NOI	$1.01M	$32.92

30,700 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$14.44M

$12.63M – $16.85M (±1% cap)

NOI $1,010,761 @ 7.0% cap · market cap 6.74%

Second Best

Retail

$7.83M

$6.85M – $9.13M (±1% cap)

NOI $547,995 @ 7.0% cap · market cap 3.65%

Theoretical Best

Office A

$22.63M

$19.80M – $26.40M (±1% cap)

NOI $1,584,267 @ 7.0% cap · market cap 10.56%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Location Insight

Map
Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.9112
Latitude: 40.7534

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For sale
Mixed-use properties
NY
Queens
11361
21515 Northern Blvd

What type of property is this?

Mixed-use property - 100% occupied mixed-use building with parking lot on Northern Blvd.

Where is this mixed-use property located?

The property is located at 21515 Northern Blvd Queens, NY.

What is the asking price?

The asking price for this property is $15,000,000.

What are key features of this property?

This property features: 100% Occupied 30,700+ Sqft **Corner Building with Private Parking Lot**; Located on Northern Blvd in the Heart of Bayside, near Bell Blvd and the Bayside LIRR Station; **High Traffic Location:** 50,000+ Vehicles Per Day