Building Details

Year built 1915

Floors in Building 2

Flooring type Laminate, Tile

Roof type Flat

Architectural style Other

Listing Agency: Re/Max Real Estate Professiona Show Phone

Listed By: Huizhen (Rose) Li Show Phone

Added: Oct 9 Changed: Oct 13 Last Checked: Oct 16 at 2:06PM

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MLS# 505218

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,864

Cap Rate

6.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,197,280 $1.2M

Cap Rate 7%

$855,200 $855.2K

Cap Rate 9%

$665,156 $665.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,449 SF

Gross rent

$113.1K $46.20/SF

− Vacancy

−$4.3K −$1.76/SF

EGI

$108.8K $44.44/SF

− OpEx

−$49.0K −$20.00/SF

NOI

$59.9K $24.44/SF

Area

Queens County, NY

Vacancy

3.80%

Lease Rate

$46.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,197,280

Cap Rate 7%

$855,200

Cap Rate 9%

$665,156

Alternative Uses

Best Use

Apartment 5plus

$855.2K

$748.3K – $997.7K (±1% cap)

NOI $59,864 @ 7.0% cap · market cap 6.08%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,380 @ 7.0% cap · market cap 12.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Single family properties

Suggested Use

Top Pick Building Supply Law Firm Hair Salon Plumbing Service Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

102

Businesses Nearby

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Demographics for 11693, NY

12,467

Population

5,850

Households

2.1

Avg Household Size

42

Median Age

36%

College-Educated

84%

High-School Grad

1.0 sq mi

ZIP Area

12,467

Density / Sq Mi

$67,829

Median Household Income

$47,632

Median Earnings

$1,198

Median Rent

$473,200

Median Home Value

Frequently Asked Questions

Where is this single family property located?

The property is located at 1005 Church Road Broad Channel, NY.

What is the asking price?

The asking price for this property is $985,000.