Mixed-Use Investment Property in
10114 39th Ave Queens, NY 11368
For Sale
$3,800,000
Well-maintained mixed-use property with diversified income streams and upside.
Days on Market97
Property Features for 10114 39th Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2012
Listing Agency:
Lin Pan Realty Group LLC
(646) 785-1699
Listed By:
Qian Huang
(646) 785-1699
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lin Pan Realty Group LLC
Investment Insights
Based on property information with market context.
This well-maintained mixed-use investment property offers stable cash flow in a convenient neighborhood near public transportation, retail, and dining. The property includes one medical office on the ground floor and seven residential units, along with rooftop lease income. The first floor features a medical office and a one-bedroom unit with a large backyard. The second, third, and fourth floors each contain two one-bedroom apartments. The rooftop is leased to a telecommunications company, generating additional income. The property generates approximately $270,704 in annual gross operating income, with estimated operating expenses of about $26,570, resulting in a Net Operating Income (NOI) of approximately $244,134 annually. Situated between Corona and Flushing, the property benefits from rental demand, proximity to major transportation routes, neighborhood retail corridors, and easy access to Manhattan. The bike score is 77, indicating it is very bikeable. The walk score is 97, indicating it is a walker's paradise. The transit score is 88, indicating excellent transit.
Key Highlights
- High Net Operating Income (NOI) of approximately $244,134 annually
- Diversified income streams from medical office, residential units, and rooftop lease
- Excellent location with a Walk Score of 97 and Transit Score of 88, close to transportation, retail, and dining
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained mixed-use property with diversified income streams and upside.
Where is this mixed-use property located?
The property is located at 10114 39th Ave Queens, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of approximately $244,134 annually; Diversified income streams from medical office, residential units, and rooftop lease; Excellent location with a Walk Score of 97 and Transit Score of 88, close to transportation, retail, and dining
