Renovated Mixed-Use
For Sale
$1,100,000
105-14 177th Street, New York, NY 11433
Two apartments and a commercial storefront provide separate residential and business spaces.
Property Size2,000 SF
Price / SF$550
Days on Market33
Property Features for 105-14 177th Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$4,400
Amenities
3
Building Details
Buildings
1
Stories
2
Listing Agency:
(516) 721-5162
Listed By:
Amor Real Estate
(516) 721-5162
Source:
Xome
Added: Jul 11
Changed: Aug 12
Last Checked: Aug 12 at 3:56AM
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 Amor Real Estate
Investment Insights
Based on property information with market context.
This 2,000-square-foot mixed-use property combines two residential apartments with a commercial storefront. The first floor includes a newly renovated vacant storefront and a separate two-bedroom apartment with its own entrance. The second-floor three-bedroom apartment has also been renovated and is vacant, with granite countertops, new hardwood flooring, and high ceilings. The two-bedroom apartment is tenant-occupied.
Located at 105-14 177th Street in New York, NY 11433, the layout provides distinct entrances for the residential units and storefront. The property supports a combination of residential occupancy and commercial use within one building.
Located at 105-14 177th Street in New York, NY 11433, the layout provides distinct entrances for the residential units and storefront. The property supports a combination of residential occupancy and commercial use within one building.
Key Highlights
- 2,000‑square‑foot mixed‑use property with two apartments and one commercial storefront
- Newly renovated vacant storefront on the first floor
- Separate first‑floor two‑bedroom apartment with its own entrance
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
$67,687
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
6.15%
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%
$1,353,740
$1.4M
Cap Rate 7%
$966,957
$967.0K
Cap Rate 9%
$752,078
$752.1K
Market Conditions
NOI Build-Up for 2,000 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
$102.0K $51.00/SF
− Vacancy
−$5.3K −$2.65/SF
EGI
$96.7K $48.35/SF
− OpEx
−$29.0K −$14.50/SF
NOI
$67.7K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,353,740
Cap Rate 7%
$966,957
Cap Rate 9%
$752,078
Alternative Uses
Best Use
Retail
$4.02M
$3.52M – $4.69M
NOI $281,449 @ 7.0% cap · market cap 25.59%
Second Best
Multifamily LT 5
$967.0K
$846.1K – $1.13M
NOI $67,687 @ 7.0% cap · market cap 6.15%
Theoretical Best
Specialty Retail
$4.98M
$4.36M – $5.81M
NOI $348,480 @ 7.0% cap · market cap 31.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,291
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments and a commercial storefront provide separate residential and business spaces.
Where is this mixed-use property located?
The property is located at 105-14 177th Street New York, 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: 2,000‑square‑foot mixed‑use property with two apartments and one commercial storefront; Newly renovated vacant storefront on the first floor; Separate first‑floor two‑bedroom apartment with its own entrance
