Two-Unit Mixed-Use
10344 121st Street, Richmond Hill, NY 11419
For Sale
$2,149,000
Two commercial spaces provide a flexible setting for retail and other mixed-use activities.
Property Size4,200 SF
Price / SF$511.67
Days on Market273
Property Features for 10344 121st Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Lion Estates LLC
Listed By:
Lakeram Paul Cecil
(347) 849-3897
Source:
Croninreale
Added: Feb 9
Changed: Nov 7
Last Checked: Nov 7 at 7:45PM
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 Lion Estates LLC
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Investment Insights
Based on property information with market context.
This mixed-use property contains two commercial units with a combined area of 4,200 square feet. Built in 2006, the building accommodates retail and other mixed uses.
The property is at 10344 121st Street in Richmond Hill, New York, near Liberty Avenue’s business district. Zoning is R4-1.
The property is at 10344 121st Street in Richmond Hill, New York, near Liberty Avenue’s business district. Zoning is R4-1.
Key Highlights
- Two commercial units totaling 4,200 square feet
- Built in 2006
- R4‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,970
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,400
$1.5M
Cap Rate 7%
$1,071,000
$1.1M
Cap Rate 9%
$833,000
$833.0K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$126.0K $30.00/SF
− Vacancy
−$18.9K −$4.50/SF
EGI
$107.1K $25.50/SF
− OpEx
−$32.1K −$7.65/SF
NOI
$75.0K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,400
Cap Rate 7%
$1,071,000
Cap Rate 9%
$833,000
Alternative Uses
Best Use
Retail
$1.07M
$937.1K – $1.25M
NOI $74,970 @ 7.0% cap · market cap 3.49%
Second Best
Mixed Use
$772.2K
$675.7K – $900.9K
NOI $54,054 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,740 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 11419, NY
47,430
Population
13,607
Households
3.5
Avg Household Size
39
Median Age
21%
College-Educated
73%
High-School Grad
1.1 sq mi
ZIP Area
43,118
Density / Sq Mi
$91,231
Median Household Income
$41,091
Median Earnings
$1,920
Median Rent
$678,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces provide a flexible setting for retail and other mixed-use activities.
Where is this mixed-use property located?
The property is located at 10344 121st Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: Two commercial units totaling 4,200 square feet; Built in 2006; R4‑1 zoning
