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Renovated Retail Space
For Lease
$4,500/Mo

21878 Hempstead Avenue, Queens Village, NY 11429

Commercial Lease, Queens Village, NY

Space Size1,200 SF
Lot Size0.04 Acres
Days on Market93

Property Features for 21878 Hempstead Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning R3-2
Elementary school district Contact Agent
Middle school district Contact Agent
High school district Contact Agent
Standard status Active
APN 11153-0027
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5014

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1925
Floors in Building 2
Building materials Brick
Listing Agency: Vision Homes Real Estate LLC
Listed By: Khalid J. Malik
Added: Jun 19 Changed: Aug 20 Last Checked: Sep 19 at 12:06PM
MLS# 1016015

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This retail space provides approximately 1,200 square feet in a fully renovated setting. The property is offered for lease and carries an R3-2 zoning designation.

Built in 1925, the building features brick construction, central air conditioning, and natural gas heating. Public water and public sewer serve the property, and natural gas is available. The site encompasses approximately 0.039 acres.

Key Highlights

  • Approximately 1,200 SF of retail space
  • Fully renovated interior
  • R3‑2 zoning designation

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic Gym & Fitness Center Parking Lot & Garage Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,704
Businesses Nearby
44k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 70% Dining 28% Electronics 2%
Citibank Shops & Services
14,764 visits/mo 0.4 miles
Chase Bank Shops & Services
10,271 visits/mo 0.5 miles
Popeyes Louisiana Kitchen Dining
6,164 visits/mo 0.4 miles
Dunkin' Donuts Dining
6,146 visits/mo 0.4 miles
Regency Party Hall Shops & Services
3,267 visits/mo 0.4 miles

Demographics for 11429, NY

25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Queens Village, NY

$48.25 /SF/Yr
Avg Asking Price
$29.33–$78 /SF/Yr
Price Range
4,601 SF
Avg Space Size

This space is priced 7% below the average of $48.25 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Brick construction with central air, natural gas heating, and public water and sewer.
Where is this retail space located?
The property is located at 21878 Hempstead Avenue Queens Village, NY.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: Approximately 1,200 SF of retail space; Fully renovated interior; R3‑2 zoning designation
More about this property
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