Mixed-Use Space with Boulevard
For Sale
Contact for pricing
92-29 Queens Boulevard CU7, New York, NY 11374
Street-facing commercial space with large windows, public transportation access, and proximity to Queens Center Mall.
Property Size792 SF
Price / SF$618.55
Days on Market110
Property Features for 92-29 Queens Boulevard CU7
General Information
Standard status
Active
Size
792 SF
Property subtype
Mixed Use
Zoning
R7-1
Additional Details
Highway Access
Yes
Building Details
Year Built
1986
Buildings
1
Units
1
Listing Agency:
BERKSHIRE HATHAWAY
(646) 474-6489
Listed By:
Boris Isakharov
Source:
Crexi
Added: May 15
Changed: Aug 30
Last Checked: Aug 30 at 12:55AM
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 BERKSHIRE HATHAWAY
Investment Insights
Based on property information with market context.
This approximately 792 sq ft commercial space occupies a mixed-use property built in 1986 and is zoned R7-1. Six large windows face Queens Boulevard, giving the suite a prominent street presence and direct visual connection to the corridor. The space is identified as CU7 within the property at 92-29 Queens Boulevard.
The location is near Queens Center Mall, major public transportation options, and immediate access to the Long Island Expressway. Surrounding businesses and reported foot traffic add to the established commercial setting along Queens Boulevard.
The location is near Queens Center Mall, major public transportation options, and immediate access to the Long Island Expressway. Surrounding businesses and reported foot traffic add to the established commercial setting along Queens Boulevard.
Key Highlights
- Approximately 792 sq ft commercial space
- Six large windows facing Queens Boulevard
- Zoned R7‑1
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,245
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,900
$504.9K
Cap Rate 7%
$360,643
$360.6K
Cap Rate 9%
$280,500
$280.5K
Market Conditions
NOI Build-Up for 792 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.5K $60.00/SF
− Vacancy
−$7.1K −$9.00/SF
EGI
$40.4K $51.00/SF
− OpEx
−$15.1K −$19.13/SF
NOI
$25.2K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,900
Cap Rate 7%
$360,643
Cap Rate 9%
$280,500
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.86M
NOI $111,454 @ 7.0% cap · market cap 22.75%
Second Best
Mixed Use
$360.6K
$315.6K – $420.8K
NOI $25,245 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,998 @ 7.0% cap · market cap 28.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,009
Businesses Nearby
165k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 30%
Groceries 25%
7-Eleven
Shops & Services
22,657 visits/mo
0.3 miles
Starbucks
Dining
20,981 visits/mo
0.2 miles
TD Bank
Shops & Services
18,203 visits/mo
0.3 miles
Key Food
Groceries
17,501 visits/mo
0.1 miles
Paris Baguette
Dining
15,443 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-facing commercial space with large windows, public transportation access, and proximity to Queens Center Mall.
Where is this mixed-use property located?
The property is located at 92-29 Queens Boulevard CU7 New York, NY.
What is the asking price?
The asking price for this property is $489,888.
What are key features of this property?
This property features: Approximately 792 sq ft commercial space; Six large windows facing Queens Boulevard; Zoned R7‑1
