Mixed-Use Building with
For Sale
$2,695,000
4311 Queens Boulevard, Sunnyside, NY 11104
Ground and basement commercial space is equipped for restaurant use, with two residential floors above.
Property Size2,890 SF
Price / SF$932.53
Days on Market157
Property Features for 4311 Queens Boulevard
General Information
Standard status
Active
Size
2,890 SF
Property subtype
Commercial
Zoning
R7A
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,008
Building Details
Building Size
2,890 SF
Year Built
1930
Buildings
1
Stories
3
Units
3
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: May 23
Changed: Oct 26
Last Checked: Oct 26 at 3:42AM
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 Gail Leone
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property combines a restaurant-equipped commercial space on the ground floor and basement with two upper residential levels. The restaurant setup includes kitchen equipment, two walk-in boxes, seating furniture, and two bathrooms. Each residential floor has three bedrooms, a full bathroom, a living and dining area, and a kitchen.
Built in 1930, the building is on Queens Boulevard, with a train station and bus service nearby.
Built in 1930, the building is on Queens Boulevard, with a train station and bus service nearby.
Key Highlights
- Restaurant setup includes kitchen equipment, two walk‑in boxes, tables, chairs, and 2 bathrooms
- Two upper floors, each with 3 bedrooms, a full bathroom, living and dining areas, and a kitchen
- 2,890 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,756
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,675,120
$2.7M
Cap Rate 7%
$1,910,800
$1.9M
Cap Rate 9%
$1,486,178
$1.5M
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$190.7K $66.00/SF
− Vacancy
−$12.4K −$4.29/SF
EGI
$178.3K $61.71/SF
− OpEx
−$44.6K −$15.43/SF
NOI
$133.8K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,675,120
Cap Rate 7%
$1,910,800
Cap Rate 9%
$1,486,178
Alternative Uses
Best Use
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,756 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$1.01M
$883.1K – $1.18M
NOI $70,644 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$2.13M
$1.86M – $2.49M
NOI $149,138 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 11104, NY
27,407
Population
13,224
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
68,518
Density / Sq Mi
$84,716
Median Household Income
$60,346
Median Earnings
$1,924
Median Rent
$665,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground and basement commercial space is equipped for restaurant use, with two residential floors above.
Where is this mixed-use property located?
The property is located at 4311 Queens Boulevard Sunnyside, NY.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Restaurant setup includes kitchen equipment, two walk‑in boxes, tables, chairs, and 2 bathrooms; Two upper floors, each with 3 bedrooms, a full bathroom, living and dining areas, and a kitchen; 2,890 square feet
