Mixed-Use Investment Property in
10116 39th Ave Queens, NY 11368
For Sale
$3,800,000
Well-maintained mixed-use property with diversified income streams and upside.
Days on Market96
Property Features for 10116 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 27 at 5:06AM
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 a ground-floor medical office and seven residential units, supplemented by rooftop lease income, providing diversified income streams. The building features a medical office and a 1-bedroom unit with a large backyard on the first floor, with six additional 1-bedroom apartments on the second, third, and fourth floors. Each residential floor contains two 1-bedroom units. The property generates approximately $207,000 in annual gross operating income, with estimated operating expenses of about $26,000, resulting in an approximate $181,000 Net Operating Income (NOI) annually. Located between Corona and Flushing, the property benefits from strong rental demand, proximity to major transportation routes, neighborhood retail corridors, and access to Manhattan. The location has a bike score of 70, indicating it is very bikeable, a walk score of 89, indicating it is very walkable, and a transit score of 85, indicating excellent transit. This property is an opportunity for investors seeking a stable income-producing property with upside potential in one of Queens’ active rental markets.
Key Highlights
- High Net Operating Income (NOI) of approximately $181,000 annually.
- Diversified income streams from medical office, residential units, and rooftop lease.
- Strong rental demand in a convenient Queens location between Corona and Flushing.
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 10116 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 $181,000 annually.; Diversified income streams from medical office, residential units, and rooftop lease.; Strong rental demand in a convenient Queens location between Corona and Flushing.
