Building Details

Building Size 2,000 SF

Units 3

Listed By: Gail Leone Show Phone

Source: Clairedleone

Added: Jul 22 Changed: Oct 23 Last Checked: Oct 23 at 6:12PM

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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 Gail Leone

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Investment Insights

Based on property information with market context.

This mixed-use property combines a ground-floor storefront with two apartments. The storefront has been renovated and is vacant. Also on the first floor, a two-bedroom apartment has its own entrance. The second-floor residence offers three bedrooms, a separate entrance, granite countertops, hardwood floors, and high ceilings; it is renovated and vacant.

The two-bedroom apartment is occupied by a tenant. The building contains approximately 2,000 square feet and is located at 105-14 177th Street in Jamaica South, New York.

Key Highlights

• Three‑unit configuration: one storefront and two apartments
• Renovated vacant storefront on the first floor
• Separate‑entry, two‑bedroom apartment on the first floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,889

Cap Rate

4.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$977,780 $977.8K

Cap Rate 7%

$698,414 $698.4K

Cap Rate 9%

$543,211 $543.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$92.4K $46.20/SF

− Vacancy

−$3.5K −$1.76/SF

EGI

$88.9K $44.44/SF

− OpEx

−$40.0K −$20.00/SF

NOI

$48.9K $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 Rate 5%

$977,780

Cap Rate 7%

$698,414

Cap Rate 9%

$543,211

Alternative Uses

Best Use

Apartment 5plus

$698.4K

$611.1K – $814.8K (±1% cap)

NOI $48,889 @ 7.0% cap · market cap 4.44%

Second Best

Retail

$510.0K

$446.3K – $595.0K (±1% cap)

NOI $35,700 @ 7.0% cap · market cap 3.25%

Theoretical Best

Office A

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $103,210 @ 7.0% cap · market cap 9.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Acupuncture Kitchen & Bath Showroom Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

3,915

Businesses Nearby

Explore this area Business Placement

Demographics for 11433, NY

39,071

Population

11,849

Households

3.3

Avg Household Size

37

Median Age

19%

College-Educated

77%

High-School Grad

1.5 sq mi

ZIP Area

26,047

Density / Sq Mi

$71,177

Median Household Income

$39,540

Median Earnings

$1,529

Median Rent

$625,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two separate-entry apartments accompany a renovated ground-floor retail space.

Where is this mixed-use property located?

The property is located at 105-14 177th Street Jamaica, NY.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Three‑unit configuration: one storefront and two apartments; Renovated vacant storefront on the first floor; Separate‑entry, two‑bedroom apartment on the first floor