Mixed-Use Property with
For Sale
Contact for pricing
106-08 Liberty Avenue #1, New York, NY 11417
A finished lower-level layout adds usable area beneath the street-facing commercial space.
Property Size3,387 SF
Price / SF$2.07
Days on Market31
Property Features for 106-08 Liberty Avenue #1
General Information
Standard status
Active
Size
3,387 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Ozone Park
Amenities
small rear outdoor area with a shed
Building Details
Year Built
1931
Stories
2
Listing Agency:
Elite Realty of USA Inc
(718) 551-9800
Listed By:
Rashaad Ahmad · License #10311208406
(917) 428-4527
Source:
Neilcharlesrealestate
Added: Sep 30
Changed: Oct 30
Last Checked: Oct 30 at 2:17AM
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 Elite Realty of USA Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The commercial portion spans approximately 2,112 square feet across a ground-floor storefront and full finished basement. The storefront measures about 15 by 64 feet, with an 8-by-12-foot kitchenette and rear storage area. The basement contributes an additional estimated 1,056 square feet. A small rear outdoor area and shed provide further utility. The building dates to 1931, and the owner is undertaking renovations and improvements to the commercial space.
The property fronts Liberty Avenue in Ozone Park, with the A train nearby. Restaurants, supermarkets, retail shops, and other neighborhood businesses are in the surrounding area. A separate three-bedroom, one-bath apartment with a living room and kitchen is available for rent upstairs; it may be rented apart from the commercial space. Uses are subject to landlord approval and applicable approvals and regulations.
The property fronts Liberty Avenue in Ozone Park, with the A train nearby. Restaurants, supermarkets, retail shops, and other neighborhood businesses are in the surrounding area. A separate three-bedroom, one-bath apartment with a living room and kitchen is available for rent upstairs; it may be rented apart from the commercial space. Uses are subject to landlord approval and applicable approvals and regulations.
Key Highlights
- Approximately 2,112 square feet across the storefront and finished basement
- Ground‑floor storefront measures approximately 15' × 64'
- 8' × 12' kitchenette and rear storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,961
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,159,220
$2.2M
Cap Rate 7%
$1,542,300
$1.5M
Cap Rate 9%
$1,199,567
$1.2M
Market Conditions
NOI Build-Up for 3,387 SF
Gross rent
$203.2K $60.00/SF
− Vacancy
−$30.5K −$9.00/SF
EGI
$172.7K $51.00/SF
− OpEx
−$64.8K −$19.13/SF
NOI
$108.0K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,159,220
Cap Rate 7%
$1,542,300
Cap Rate 9%
$1,199,567
Alternative Uses
Best Use
Retail
$6.81M
$5.96M – $7.94M
NOI $476,634 @ 7.0% cap · market cap 6,809.06%
Second Best
Mixed Use
$1.54M
$1.35M – $1.80M
NOI $107,961 @ 7.0% cap · market cap 1,542.30%
Theoretical Best
Specialty Retail
$8.43M
$7.38M – $9.84M
NOI $590,151 @ 7.0% cap · market cap 8,430.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,339
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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A finished lower-level layout adds usable area beneath the street-facing commercial space.
Where is this mixed-use property located?
The property is located at 106-08 Liberty Avenue #1 New York, NY.
What are key features of this property?
This property features: Approximately 2,112 square feet across the storefront and finished basement; Ground‑floor storefront measures approximately 15' × 64'; 8' × 12' kitchenette and rear storage area
