106-15 Northern Blvd Queens, NY 11368
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.
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La Pequeña Tienda & Deli Food Market Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.