Mixed-Use Building For
15011 Northern Blvd Queens, NY 11354
15011 Northern Blvd, Queens, NY, 11354
Contact for pricing
For Sale
Contact for pricing
Mixed-use building featuring apartments, doctor's office, and finished basement.
Property Size7,850 SF
Price / SF$420.38
Days on Market629
Property Features for 15011 Northern Blvd
General Information
- Standard status
- Active
- Size
- 7,850 SF
- Property subtype
- Mixed Use, Multifamily, Office
Building Details
- Year Built
- 2005
Listing Agency
DGNY Commercial
Listed by
Gary Pezza · License #NY10301223199
Source
Crexi
Added: Oct 31, 2024 Updated: Jul 10 at 3:43 pm Checked: Jul 19 at 6:22 am
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 DGNY Commercial
Investment Insights
Based on property information with market context.
This mixed-use building, offered for sale, features four apartments, a doctor's office, and a finished basement. The property has a size of 7850 square feet.
Key Highlights
- Mixed‑use building offering diverse possibilities.
- Features four apartments, providing residential income.
- Includes a doctor's office, ideal for professional use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $395.6k | $50.40 |
| − Vacancy | −$51.0k | −$6.50 |
| EGI | $344.6k | $43.90 |
| − OpEx | −$86.2k | −$10.97 |
| NOI | $258.5k | $32.92 |
7,850 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.69M
$3.23M – $4.31M
NOI $258,452 @ 7.0% cap · market cap 7.83%
Second Best
Healthcare Medical
$2.59M
$2.26M – $3.02M
NOI $181,005 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$5.79M
$5.06M – $6.75M
NOI $405,098 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yun & Park LLC
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building featuring apartments, doctor's office, and finished basement.
Where is this mixed-use property located?
The property is located at 15011 Northern Blvd Queens, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Mixed‑use building offering diverse possibilities.; Features four apartments, providing residential income.; Includes a doctor's office, ideal for professional use.
