Mixed-Use Building with Dental
New
For Sale
$1,399,000
10922 Myrtle Avenue, Richmond Hill, NY 11418
A street-level dental practice occupies the first floor, with two apartments above and a three-car garage.
Property Size3,100 SF
Price / SF$451.29
Days on Market2
Property Features for 10922 Myrtle Avenue
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Office Units
1
Additional Details
Floor
First Floor
Property Use
Dentist Office
Medical Specialty
dental
Taxes and HOA fees
Annual Taxes
$10,135
Amenities
Storage Space,Unfinished
2
Yes
Eat-in Kitchen,Original Details
Storage Space, Unfinished
Public
3
No
Driveway, Garage
3100
Building Details
Building Size
3,100 SF
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
Parkside Realty of Queens Inc
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 29
Last Checked: Oct 29 at 2:52PM
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 Parkside Realty of Queens Inc
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Investment Insights
Based on property information with market context.
This 3,100-square-foot mixed-use building, constructed in 1925, combines a dental office on the ground floor with two apartments on the second level. The office includes two entrances, a waiting area, reception space, exam rooms, and a bathroom; heating is provided by CAC and gas heat.
The upper floor contains a one-bedroom apartment with an eat-in kitchen, living room, full bath, and attic storage, plus a two-bedroom apartment with an eat-in kitchen, living room, full bath, and attic storage. The property also has a private driveway and a three-car garage on a corner lot.
The upper floor contains a one-bedroom apartment with an eat-in kitchen, living room, full bath, and attic storage, plus a two-bedroom apartment with an eat-in kitchen, living room, full bath, and attic storage. The property also has a private driveway and a three-car garage on a corner lot.
Key Highlights
- 3,100‑square‑foot mixed‑use building built in 1925
- Ground‑floor dental office with two entrances, waiting area, reception, exam rooms, and bathroom
- Two second‑floor apartments: one one‑bedroom unit and one two‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,064
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,041,280
$2.0M
Cap Rate 7%
$1,458,057
$1.5M
Cap Rate 9%
$1,134,044
$1.1M
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$156.2K $50.40/SF
− Vacancy
−$20.2K −$6.50/SF
EGI
$136.1K $43.90/SF
− OpEx
−$34.0K −$10.97/SF
NOI
$102.1K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,041,280
Cap Rate 7%
$1,458,057
Cap Rate 9%
$1,134,044
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,064 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$1.08M
$947.2K – $1.26M
NOI $75,778 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $159,975 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,580
Businesses Nearby
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Business Placement
Demographics for 11418, NY
37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-level dental practice occupies the first floor, with two apartments above and a three-car garage.
Where is this mixed-use property located?
The property is located at 10922 Myrtle Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,100‑square‑foot mixed‑use building built in 1925; Ground‑floor dental office with two entrances, waiting area, reception, exam rooms, and bathroom; Two second‑floor apartments: one one‑bedroom unit and one two‑bedroom unit
