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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

106-15 Northern Blvd Queens, NY 11368

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • La Pequeña Tienda & Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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