Mixed-Use Retail and Residential
For Sale
$1,138,888
10304 LIBERTY AVE, Jamaica, NY 11417
Ground-floor commercial space with residential units above, with separate heat and hot-water meters.
Property Size2,660 SF
Price / SF$428.15
Days on Market205
Property Features for 10304 LIBERTY AVE
General Information
Standard status
Active
Size
2,660 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$7,773
Amenities
Window/Wall Unit
3
Building Details
Year Built
1920
Listing Agency:
Tiger Realty Group Inc
(917) 708-9966
Listed By:
Emily Hui Chen Liang
(347) 320-2569
Source:
Xome
Added: Feb 12
Changed: Sep 1
Last Checked: Sep 4 at 3:32AM
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 Tiger Realty Group Inc
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building includes ground-floor commercial space with residential units located above. Residential units have separate heat and hot-water meters, supporting independent utility management. The property is currently producing rental income with stable tenants.
The building is situated on Liberty Avenue in Ozone Park, in a busy commercial corridor setting with convenient access to subway lines and public transportation.
As a mixed-use investment, the configuration combines retail frontage at street level with apartments upstairs, creating an income-producing setup within the same building.
The building is situated on Liberty Avenue in Ozone Park, in a busy commercial corridor setting with convenient access to subway lines and public transportation.
As a mixed-use investment, the configuration combines retail frontage at street level with apartments upstairs, creating an income-producing setup within the same building.
Key Highlights
- Mixed‑use building with ground‑floor commercial space and residential units above
- Residential units have separate heat and hot‑water meters
- Cooling: window/wall unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,022
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,300,440
$1.3M
Cap Rate 7%
$928,886
$928.9K
Cap Rate 9%
$722,467
$722.5K
Market Conditions
NOI Build-Up for 2,660 SF
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.
Gross rent
$122.9K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$118.2K $44.44/SF
− OpEx
−$53.2K −$20.00/SF
NOI
$65.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,300,440
Cap Rate 7%
$928,886
Cap Rate 9%
$722,467
Alternative Uses
Best Use
Apartment 5plus
$928.9K
$812.8K – $1.08M
NOI $65,022 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$678.3K
$593.5K – $791.4K
NOI $47,481 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,269 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,907
Businesses Nearby
Explore this area
Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space with residential units above, with separate heat and hot-water meters.
Where is this mixed-use property located?
The property is located at 10304 LIBERTY AVE Jamaica, NY.
What is the asking price?
The asking price for this property is $1,138,888.
What are key features of this property?
This property features: Mixed‑use building with ground‑floor commercial space and residential units above; Residential units have separate heat and hot‑water meters; Cooling: window/wall unit
