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1546 125th St 5,234 SF 100% Leased Office Building College Point, NY 11356 $1,210,000 ($231.18/SF) 4.63% Cap Rate
Executive Summary
This 5,234-square-foot mixed-use building presents a compelling opportunity for both investors and owner-users in the heart of College Point.
The lower level and ground floor offer approximately 660 to 2,000 square feet of flexible office space, complete with both front and side entrances. An owner-user can immediately occupy the space for business operations or lease it for additional income potential.
The second and third floors consist of fully occupied multifamily apartment units, providing stable, in-place rental income.
With a balanced mix of commercial and residential components, this property offers immediate usability, steady cash flow, and long-term upside in a strong Queens market.
The lower level and ground floor offer approximately 660 to 2,000 square feet of flexible office space, complete with both front and side entrances. An owner-user can immediately occupy the space for business operations or lease it for additional income potential.
The second and third floors consist of fully occupied multifamily apartment units, providing stable, in-place rental income.
With a balanced mix of commercial and residential components, this property offers immediate usability, steady cash flow, and long-term upside in a strong Queens market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,234 SF
Building Class
C
Year Built
1930
Price
$1,210,000
Price Per SF
$231.18
Cap Rate
4.63%
NOI
$56,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,745 SF
Building FAR
3.00
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
R4A - S3 Building Class - Primarily 3 Family with 1 Store or Office
Tax Class 2A
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04088-0001 | Total Assessment | $258,129 |
| Land Assessment | $30,419 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $227,710 | Tax Year | 2025 |
Property Taxes
Parcel Number
04088-0001
Land Assessment
$30,419
Improvements Assessment
$227,710
Total Assessment
$258,129
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
Contacts
-
Fatima Smith -
Gregory Berkowitz -
Berkshire Hathaway Laffey International Realty
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1546 125th St
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