Mixed-Use Brick Building with
102-06 43rd Avenue Queens, NY 11368
For Sale
$1,590,000
Three-story brick building with a first-floor commercial storefront, full commercial basement, and two 3-bedroom residential units.
Property Size6,598 SF
Price / SF$240.98
Days on Market170
Property Features for 102-06 43rd Avenue
General Information
- Standard status
- Active
- Size
- 6,598 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2005
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #ct7740
(718) 210-2727
Source:
Compass
Added: Feb 4
Changed: Jul 23
Last Checked: Jul 23 at 2:11PM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This mixed-use brick building features three stories with a commercial storefront on the first floor and two residential units above. The property includes a full commercial basement and a total built size of 22 ft by 100 ft. The residential units are each configured with 3 bedrooms and 2 full bathrooms.
Additional utility and operational separation includes four electric meters and three gas meters. Each residential unit has its own hot water and heating system located on the roof, with tenants responsible for their own heat and hot water.
Built in 2005, the property offers a combined commercial and residential setup designed to support day-to-day occupancy with clear meter separation. Convenient access to local amenities and public transportation is noted for the Corona area, including the F train and Q23 buses.
Additional utility and operational separation includes four electric meters and three gas meters. Each residential unit has its own hot water and heating system located on the roof, with tenants responsible for their own heat and hot water.
Built in 2005, the property offers a combined commercial and residential setup designed to support day-to-day occupancy with clear meter separation. Convenient access to local amenities and public transportation is noted for the Corona area, including the F train and Q23 buses.
Key Highlights
- Three‑story mixed‑use brick building (2005) with 1 commercial storefront and 2 residential units
- First‑floor storefront is approx. 2,200 sq ft with a full commercial basement of approx. 2,200 sq ft
- Each residential unit has 3 bedrooms and 2 full bathrooms
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.9k | $30.00 |
| − Vacancy | −$29.7k | −$4.50 |
| EGI | $168.2k | $25.50 |
| − OpEx | −$50.5k | −$7.65 |
| NOI | $117.8k | $17.85 |
6,598 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.02M – $2.69M
NOI $161,284 @ 7.0% cap · market cap 10.14%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,774 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$4.86M
$4.26M – $5.67M
NOI $340,488 @ 7.0% cap · market cap 21.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Three-story brick building with a first-floor commercial storefront, full commercial basement, and two 3-bedroom residential units.
Where is this mixed-use property located?
The property is located at 102-06 43rd Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Three‑story mixed‑use brick building (2005) with 1 commercial storefront and 2 residential units; First‑floor storefront is approx. 2,200 sq ft with a full commercial basement of approx. 2,200 sq ft; Each residential unit has 3 bedrooms and 2 full bathrooms
