Mixed-Use Property with Retail
112-09 Francis Lewis Boulevard, Queens, NY 11429
For Sale
$960,000
Two apartments and a commercial storefront or office space are currently occupied by tenants.
Property Size2,520 SF
Price / SF$380.95
Days on Market528
Property Features for 112-09 Francis Lewis Boulevard
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Mixed-Use Components
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Atlantic Apple Realty
(718) 697-1560
Listed By:
Larry Richard
Source:
Statenislandrealty
Added: Jun 1, 2025
Changed: Nov 7
Last Checked: Nov 9 at 3:05PM
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 Atlantic Apple Realty
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.
This 2,520-square-foot mixed-use property contains two residential apartments and a ground-floor commercial space configured for a store or office. All three units are rented. The building dates to 1931 and is located at 112-09 Francis Lewis Boulevard in Queens, New York.
Key Highlights
- Two residential apartments and one commercial unit
- All three units are fully rented
- 2,520 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,600
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,000
$1.2M
Cap Rate 7%
$880,000
$880.0K
Cap Rate 9%
$684,444
$684.4K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$116.4K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$112.0K $44.44/SF
− OpEx
−$50.4K −$20.00/SF
NOI
$61.6K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,000
Cap Rate 7%
$880,000
Cap Rate 9%
$684,444
Alternative Uses
Best Use
Apartment 5plus
$880.0K
$770.0K – $1.03M
NOI $61,600 @ 7.0% cap · market cap 6.42%
Second Best
Mixed Use
$463.3K
$405.4K – $540.5K
NOI $32,432 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,044 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments and a commercial storefront or office space are currently occupied by tenants.
Where is this mixed-use property located?
The property is located at 112-09 Francis Lewis Boulevard Queens, NY.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Two residential apartments and one commercial unit; All three units are fully rented; 2,520 square feet
