Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    106-15 Northern Blvd Queens, NY 11368

    For Sale
    $3,999,000

    Prime Queens location, high occupancy.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional three-story mixed-use building, located at 106-15 Northern Blvd in Queens, New York, presents a compelling investment opportunity. The property boasts a prime corner lot spanning 5,500 square feet (55.25 ft x 100 ft), and features a configuration of one commercial unit on the ground floor, two residential units on the upper floors, and an adjacent tire shop. The main building measures 28 feet by 57 feet and includes a basement. The property benefits from a modified lease structure and is currently 100% occupied, offering immediate cash flow. Alternatively, the property can be delivered vacant. The building is well-maintained, with a roof replaced just 10 years ago, ensuring long-term structural integrity. Tenants are responsible for their own utilities, minimizing operational expenses for the owner. The property is zoned R6a and C2-4, providing flexibility for future development or expansion. This is a rare opportunity to acquire a well-positioned, income-generating property in a thriving Queens neighborhood. The asking price is $3,999,000.

    Property Features for 106-15 Northern Blvd

    General Information

    Property type
    Individual retail properties

    HighLights

    • Three‑story commercial building with basement: one commercial unit, two residential units, and a tire shop.
    • Building dimensions: 28' x 57'.
    • Lot size: 55.25' x 100'.
    • Zoning: R6a, C2‑4.
    • Fully leased, with option to deliver vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    La Pequeña Tienda ... Deli

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.862217
    Latitude
    40.7579775

    Nearby Similar for Sale

    • New
      $2,500,000
      0.13 Acres

      Flushing Two-Family Home Near Northern Blvd

      Two-family home near Northern Blvd, convenient location, renovated in 2014.
      35-35 155Th St, Flushing, NY 11354
      View Details
    • New
      $1,749,999
      0.09 Acres

      Flushing Multifamily Opportunity

      Multifamily property in Flushing, New York.
      149-27 45Th Ave, Flushing, NY 11355
      View Details
    • $2,199,000
      0.15 Acres

      Flushing Two-Family Brick Home

      Rebuilt two-family home in Flushing, perfect for families or investors.
      6339 136Th St, Flushing, NY 11367
      View Details
    • $1,599,000
      Pending

      Flushing Three-Family Investment Opportunity

      Spacious, well-maintained three-family property in prime Flushing location.
      162-19 Laburnum Ave, Flushing, NY 11358
      View Details
    • $1,300,000
      Pending

      Renovated Two-Family Home in Jamaica

      Renovated two-family home with modern amenities and ample parking.
      120-12 Long St, Jamaica, NY 11434
      View Details
    • $1,295,000
      Pending

      Two-Family Home in Jamaica, NY

      Two-family home with finished basement, driveway, and garage.
      15027 Linden Blvd, Jamaica, NY 11434
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Queens location, high occupancy.
    Where is this individual retail property located?
    The property is located at 106-15 Northern Blvd Queens, NY.
    What is the asking price?
    The asking price for this property is $3,999,000.
    What are key features of this property?
    This property features: Three-story commercial building with basement: one commercial unit, two residential units, and a tire shop.; Building dimensions: 28' x 57'.; Lot size: 55.25' x 100'.
    Request Owner's contact information
    106-15 Northern Blvd Queens, NY 11368
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    106-15 Northern Blvd
    Queens, NY 11368
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106-15 Northern Blvd Queens, NY 11368
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.