Mixed-Use Property with
105-24 Crossbay Boulevard, Ozone Park, NY 11417
For Sale
$875,000
The building combines two residential apartments with ground-floor storefronts in an R6B/C2-3 zoning district.
Property Size2,500 SF
Price / SF$350
Days on Market66
Property Features for 105-24 Crossbay Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Stories
Units
Tenancy
Listing Agency:
Century 21 Milestone Team Rlty
(718) 291-7000
Listed By:
Shameeza Ally
(646) 866-1719
Source:
Clairedleone
Added: Sep 3
Changed: Nov 6
Last Checked: Nov 6 at 3:56PM
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 Century 21 Milestone Team Rlty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use building at 105-24 Crossbay Boulevard contains two apartments and storefront space. The property measures 2,500 square feet and is zoned R6B/C2-3.
The address is in Ozone Park, New York, on Crossbay Boulevard.
The address is in Ozone Park, New York, on Crossbay Boulevard.
Key Highlights
- Two apartments and storefront space
- 2,500‑square‑foot property
- Zoned R6B/C2‑3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,625
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,500
$892.5K
Cap Rate 7%
$637,500
$637.5K
Cap Rate 9%
$495,833
$495.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$75.0K $30.00/SF
− Vacancy
−$11.3K −$4.50/SF
EGI
$63.8K $25.50/SF
− OpEx
−$19.1K −$7.65/SF
NOI
$44.6K $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%
$892,500
Cap Rate 7%
$637,500
Cap Rate 9%
$495,833
Alternative Uses
Best Use
Retail
$637.5K
$557.8K – $743.8K
NOI $44,625 @ 7.0% cap · market cap 5.10%
Second Best
Mixed Use
$459.6K
$402.2K – $536.3K
NOI $32,175 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 14.74%
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
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,379
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
$731,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The building combines two residential apartments with ground-floor storefronts in an R6B/C2-3 zoning district.
Where is this mixed-use property located?
The property is located at 105-24 Crossbay Boulevard Ozone Park, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two apartments and storefront space; 2,500‑square‑foot property; Zoned R6B/C2‑3
