Office Building For
For Sale
$12,900,000
80-15 164th Street, Fresh Meadows, NY 11432
Office building offered for sale in Queens, NY.
Property Size30,000 SF
Days on Market473
Property Features for 80-15 164th Street
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$8,127
Building Details
Building Size
30,000 SF
Year Built
1950
Listing Agency:
Astor Brokerage Ltd
Listed By:
Mordechai Striks · License #0000
(917) 722-1338
Source:
Barbieliteam
Added: Jul 7, 2025
Changed: Oct 7
Last Checked: Oct 21 at 3:32AM
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 Astor Brokerage Ltd
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.
This is an office building offered for sale in Queens. The listing includes the property at 80-15 164th Street, Fresh Meadows, NY 11432.
The available information does not describe the building’s size, layout, condition, or specific amenities. Interested parties should inquire for additional details on configuration and improvements.
The available information does not describe the building’s size, layout, condition, or specific amenities. Interested parties should inquire for additional details on configuration and improvements.
Key Highlights
- Office building for sale in Queens, NY
- Central air conditioning
- Forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$987,714
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,754,280
$19.8M
Cap Rate 7%
$14,110,200
$14.1M
Cap Rate 9%
$10,974,600
$11.0M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$1.51M $50.40/SF
− Vacancy
−$195.0K −$6.50/SF
EGI
$1.32M $43.90/SF
− OpEx
−$329.2K −$10.97/SF
NOI
$987.7K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,754,280
Cap Rate 7%
$14,110,200
Cap Rate 9%
$10,974,600
Alternative Uses
Best Use
Office B
$14.11M
$12.35M – $16.46M
NOI $987,714 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.12M
$19.35M – $25.80M
NOI $1,548,144 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale in Queens, NY.
Where is this office building located?
The property is located at 80-15 164th Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: Office building for sale in Queens, NY; Central air conditioning; Forced‑air heating
