Multi-Room Office
92-29 Queens Boulevard, Rego Park, NY 11374
For Sale
$450,000
Commercial Sale, Rego Park, NY
Property Size1,000 SF
Price / SF$450
Days on Market188
Property Features for 92-29 Queens Boulevard
General Information
Property type
Property subtype
Zoning
Elementary school district
Middle school district
High school district
Standard status
APN
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Listing Agency:
E Z Sell Realty
Listed By:
Igor Rafailov · License NY 31RA1009124
(718) 396-6666
Added: May 11
Changed: Oct 5
Last Checked: Nov 14 at 2:06AM
MLS# 997708
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.
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 office unit features a multi-room layout suited to administrative or medical office functions identified for the property. The space includes central air conditioning and baseboard heating, with block and brick construction dating to 1987. Electricity is available, and the property is served by public water and public sewer.
Located at 92-29 Queens Boulevard in Rego Park, the property is one block from the M and R trains and within a 5-minute walk of Queens Center Mall. The surrounding setting is described as having substantial pedestrian and vehicle traffic, with access to public transportation and major highways.
Located at 92-29 Queens Boulevard in Rego Park, the property is one block from the M and R trains and within a 5-minute walk of Queens Center Mall. The surrounding setting is described as having substantial pedestrian and vehicle traffic, with access to public transportation and major highways.
Key Highlights
- Multi‑room office layout
- R7 zoning
- Central air conditioning and baseboard heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,924
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,480
$658.5K
Cap Rate 7%
$470,343
$470.3K
Cap Rate 9%
$365,822
$365.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$50.4K $50.40/SF
− Vacancy
−$6.5K −$6.50/SF
EGI
$43.9K $43.90/SF
− OpEx
−$11.0K −$10.97/SF
NOI
$32.9K $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%
$658,480
Cap Rate 7%
$470,343
Cap Rate 9%
$365,822
Alternative Uses
Best Use
Office B
$470.3K
$411.6K – $548.7K
NOI $32,924 @ 7.0% cap · market cap 7.32%
Second Best
Healthcare Medical
$329.4K
$288.2K – $384.3K
NOI $23,058 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$737.2K
$645.1K – $860.1K
NOI $51,605 @ 7.0% cap · market cap 11.47%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,847
Businesses Nearby
Explore this area
Business Placement
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Queens County, NY
Properties on Market for Office Units in Queens County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - R7-zoned office property with central air, baseboard heat, and public water and sewer.
Where is this office unit located?
The property is located at 92-29 Queens Boulevard Rego Park, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Multi‑room office layout; R7 zoning; Central air conditioning and baseboard heating
