Warehouse with Second-Floor
For Sale
$4,500,000
10501 101st Avenue, Ozone Park, NY 11416
Warehouse property with added upper-level mezzanine space and R6B zoning in Ozone Park.
Property Size10,576 SF
Days on Market55
Property Features for 10501 101st Avenue
General Information
Standard status
Active
Size
10,576 SF
Property subtype
Commercial
Zoning
R6B
Additional Details
Highway Access
Yes
Mezzanine
1,000 SF
Taxes and HOA fees
Annual Taxes
$70,491
Building Details
Building Size
10,576 SF
Year Built
1930
Listing Agency:
Sky Port Homes LLC
(718) 925-9600
Listed By:
Kissoon Dhanraj · License #10491207367
Source:
Callexitfirst
Added: Jul 7
Changed: Aug 28
Last Checked: Aug 28 at 11:29AM
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 Sky Port Homes LLC
Investment Insights
Based on property information with market context.
This warehouse property was built in 1930 and includes an added 1000 Sq Ft mezzanine on the second floor. The mezzanine expands the building’s usable interior area and provides an upper-level component within the existing warehouse configuration.
Located at 10501 101st Avenue in Ozone Park, NY 11416, the property is positioned near major highways, airports, and public transportation. The site carries R6B zoning.
Located at 10501 101st Avenue in Ozone Park, NY 11416, the property is positioned near major highways, airports, and public transportation. The site carries R6B zoning.
Key Highlights
- Added 1000 Sq Ft mezzanine on the 2nd Floor
- Warehouse property built in 1930
- R6B zoning
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
$167,873
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
3.73%
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%
$3,357,460
$3.4M
Cap Rate 7%
$2,398,186
$2.4M
Cap Rate 9%
$1,865,256
$1.9M
Market Conditions
NOI Build-Up for 10,576 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
$279.2K $26.40/SF
− Vacancy
−$20.9K −$1.98/SF
EGI
$258.3K $24.42/SF
− OpEx
−$90.4K −$8.55/SF
NOI
$167.9K $15.87/SF
Area
Queens County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
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%
$3,357,460
Cap Rate 7%
$2,398,186
Cap Rate 9%
$1,865,256
Alternative Uses
Best Use
Flex RnD
$2.40M
$2.10M – $2.80M
NOI $167,873 @ 7.0% cap · market cap 3.73%
Second Best
Warehouse
$1.15M
$1.01M – $1.35M
NOI $80,790 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$7.80M
$6.82M – $9.10M
NOI $545,772 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,735
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with added upper-level mezzanine space and R6B zoning in Ozone Park.
Where is this warehouse located?
The property is located at 10501 101st Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Added 1000 Sq Ft mezzanine on the 2nd Floor; Warehouse property built in 1930; R6B zoning
