Building Details

Building Size 3,700 SF

Year Built 1920

Buildings 1

Stories 2

Listing Agency: Adam Street Realty LLC

Listed By: Lawrence O. King Jr. · License #10491200827 Show Phone

Source: Adamstreetrealty

Added: Apr 1 Changed: Oct 22 Last Checked: Oct 22 at 2:17PM

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Investment Insights

Based on property information with market context.

At 901 College Point Boulevard, this two-story mixed-use property contains 3,700 square feet on approximately 2,500 square feet of land. The ground level has two commercial spaces and a separate rear unit with storage; that rear space was previously used as an office. Two apartments occupy the upper floor: one with one bedroom and another with two bedrooms. The property is delivered vacant and is zoned R4A.

Built in 1920, the building occupies a corner parcel in College Point, New York. Its layout combines commercial and residential space within one property.

Key Highlights

• 3,700‑square‑foot mixed‑use building on approximately 2,500 square feet of land
• Two commercial spaces on the ground floor, plus a rear unit with storage
• Two upstairs apartments: one one‑bedroom and one two‑bedroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,619

Cap Rate

3.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$952,380 $952.4K

Cap Rate 7%

$680,271 $680.3K

Cap Rate 9%

$529,100 $529.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,700 SF

Gross rent

$88.8K $24.00/SF

− Vacancy

−$12.6K −$3.41/SF

EGI

$76.2K $20.59/SF

− OpEx

−$28.6K −$7.72/SF

NOI

$47.6K $12.87/SF

Area

Queens County, NY

Vacancy

14.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$952,380

Cap Rate 7%

$680,271

Cap Rate 9%

$529,100

Alternative Uses

Best Use

Mixed Use

$680.3K

$595.2K – $793.7K (±1% cap)

NOI $47,619 @ 7.0% cap · market cap 3.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.73M

$2.39M – $3.18M (±1% cap)

NOI $190,938 @ 7.0% cap · market cap 14.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Yummy Taco Cafe Restaurant

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage Acupuncture Travel Agency

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,475

Businesses Nearby

Explore this area 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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Frequently Asked Questions

What type of property is this?

Mixed-use property - Vacant, two-story space combines commercial units with two residential apartments.

Where is this mixed-use property located?

The property is located at 901 College Point Boulevard College Point, NY.

What is the asking price?

The asking price for this property is $1,280,000.

What are key features of this property?

This property features: 3,700‑square‑foot mixed‑use building on approximately 2,500 square feet of land; Two commercial spaces on the ground floor, plus a rear unit with storage; Two upstairs apartments: one one‑bedroom and one two‑bedroom