Mixed-Use Building with Cell Tower
For Sale
Contact for pricing
113-19 Atlantic Avenue, Richmond Hill, NY 11418
Residential units, commercial spaces, and cell tower income create a blended-use property in Queens.
Property Size5,544 SF
Price / SF$360.75
Days on Market88
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 113-19 Atlantic Avenue
General Information
Standard status
Active
Size
5,544 SF
Class
C
Property subtype
Retail, Multifamily
Zoning
R5, Queens
Occupancy
100%
Lease Type
Gross
Net Operating Income
$137,300
Building Details
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
American Investment Properties
Listed By:
Ron Koenigsberg CCIM · License #NY 31K00933350
(516) 393-2300
Source:
Crexi
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 14 at 10:32PM
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 American Investment Properties
Investment Insights
Based on property information with market context.
Located at 113-19 Atlantic Avenue in Richmond Hill, this mixed-use property combines several residential units with commercial space and cell tower income. The building was constructed in 1930 and is zoned R5, Queens.
The property is near the Jamaica LIRR train station, Jamaica Avenue, Liberty Avenue, and the Van Wyck Expressway, providing access to several established transportation and commercial corridors.
The property is near the Jamaica LIRR train station, Jamaica Avenue, Liberty Avenue, and the Van Wyck Expressway, providing access to several established transportation and commercial corridors.
Key Highlights
- Mixed‑use property with several residential units and commercial spaces
- Cell tower income included
- R5, Queens zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,520
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,710,400
$2.7M
Cap Rate 7%
$1,936,000
$1.9M
Cap Rate 9%
$1,505,778
$1.5M
Market Conditions
NOI Build-Up for 5,544 SF
Gross rent
$256.1K $46.20/SF
− Vacancy
−$9.7K −$1.76/SF
EGI
$246.4K $44.44/SF
− OpEx
−$110.9K −$20.00/SF
NOI
$135.5K $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%
$2,710,400
Cap Rate 7%
$1,936,000
Cap Rate 9%
$1,505,778
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.69M – $2.26M
NOI $135,520 @ 7.0% cap · market cap 6.78%
Second Best
Retail
$1.41M
$1.24M – $1.65M
NOI $98,960 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,097 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units, commercial spaces, and cell tower income create a blended-use property in Queens.
Where is this mixed-use property located?
The property is located at 113-19 Atlantic Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Mixed‑use property with several residential units and commercial spaces; Cell tower income included; R5, Queens zoning
