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    47-33 Little Neck Pkwy, Unit Community Facility House of Worship Little Neck, NY 11362

    Sponsored
    For Sale
    $3,200,000

    Commercial Building - Little Neck, NY

    Property size:
    3,500 SF
    Lot size:
    0.14 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 8 at 7:06 pm

    Property Features for 47-33 Little Neck Pkwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    New Construction
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    000000-000.000-8263-146.000
    Parking features
    Garage
    Size
    3,500 SF
    Lot size
    0.14 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1932
    Year renovated
    1932
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Mi Ryoung Chong

    HANMI REALTY (718) 961-8801

    Listing agent Mi Ryoung Chong (718) 961-8801

    Listing date Jan 23, 2026

    MLS# 11634630 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Community Facility with Parking

    This is a one-story commercial building in Little Neck, NY, featuring a complete exterior and interior renovation completed in 2019. The building, previously an industrial auto repair shop, has been transformed into a Class B+ community facility. It includes a 10-car parking lot and offers 50 feet of street frontage with high sign visibility, benefiting from substantial foot and car traffic. The interior features tiling, updated light fixtures, windows, and high ceilings up to 13 feet. Updated electrical and central HVAC systems are in place, along with two bathrooms and a kitchen. The building is wheelchair accessible and includes a lobby, congregation area, office, dining, and recreation room. The total area is approximately 3,500 square feet, accommodating up to 53 occupants. The property is situated on a 7,065 sq ft lot and has no cellar. It is suitable for various uses, including a house of worship, seminary, school, day or adult care center, non-profit organization, medical office, or physical therapy practice. The property is conveniently located near Northern Boulevard, Horace Harding Expressway, and the Long Island Expressway, with proximity to the Q12 and Q36 bus stops, the Q30 bus, and the LIRR Little Neck train station. The building class is M1 Church, Synagogue or Chapel, and the zoning is R1-2. The property is to be delivered vacant at closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Neck
    County
    Queens
    State
    New York
    Longitude
    -73.732275
    Latitude
    40.769794

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      47-33 Little Neck Pkwy

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    FAQs

    What type of property is this?
    Church & religious facility - Completely renovated community facility with parking in Little Neck, NY.
    Where is this church & religious facility located?
    The property is located at 47-33 Little Neck Pkwy, Unit Community Facility House of Worship Little Neck, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Completely renovated in 2019 into a Class B+ community facility with a 10-car parking lot.; - Ideal for various uses: house of worship, school, medical office, or conversion back to light industrial.; - High visibility location with 50 feet of street frontage and substantial daily traffic (11k+ cars).
    (718) 961-8801
    Request Owner's contact information
    47-33 Little Neck Pkwy, Unit Community Facility House of Worship Little Neck, NY 11362
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    Little Neck, NY 11362
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    47-33 Little Neck Pkwy, Unit Community Facility House of Worship Little Neck, NY 11362
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    We can help!
    Listing Contact
    Mi Ryoung Chong
    (718) 961-8801
    Learn more
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