Renovated Mixed-Use
For Sale
$1,449,000
Pending
119-10 94th Avenue, South Richmond Hill, NY 11419
A storefront and two upper-floor apartments have separate utility meters and new appliances.
Property Size3,540 SF
Days on Market9
Property Features for 119-10 94th Avenue
General Information
Standard status
Pending
Size
3,540 SF
Zoning
R5,C2-3
Site & Location
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Multifamily Units
2
Individually Metered Utilities
heating, hot water, electric
Taxes and HOA fees
Annual Taxes
$8,033
Amenities
new appliances
No
20
3540
Building Details
Building Size
3,540 SF
Year Built
1910
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
(516) 703-2918
Listed By:
Barbara Murray
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
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 Barbara Murray
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 vacant, renovated mixed-use property combines a ground-floor storefront with two apartments, one on each of the second and third floors. The building measures 20 by 55 feet and contains 3,540 square feet. Separate heating, hot water, and electric meters serve the spaces, and the apartments have new appliances.
Built in 1910, the property carries R5 and C2-3 zoning.
Built in 1910, the property carries R5 and C2-3 zoning.
Key Highlights
- Storefront with two apartments on the second and third floors
- 3,540 square feet; building measures 20 by 55 feet
- Separate heating, hot water, and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,533
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,730,660
$1.7M
Cap Rate 7%
$1,236,186
$1.2M
Cap Rate 9%
$961,478
$961.5K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$163.5K $46.20/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$157.3K $44.44/SF
− OpEx
−$70.8K −$20.00/SF
NOI
$86.5K $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%
$1,730,660
Cap Rate 7%
$1,236,186
Cap Rate 9%
$961,478
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,533 @ 7.0% cap · market cap 5.97%
Second Best
Retail
$902.7K
$789.9K – $1.05M
NOI $63,189 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,681 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,560
Businesses Nearby
Explore this area
Business Placement
Demographics for 11419, NY
47,430
Population
13,607
Households
3.5
Avg Household Size
39
Median Age
21%
College-Educated
73%
High-School Grad
1.1 sq mi
ZIP Area
43,118
Density / Sq Mi
$91,231
Median Household Income
$41,091
Median Earnings
$1,920
Median Rent
$678,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A storefront and two upper-floor apartments have separate utility meters and new appliances.
Where is this mixed-use property located?
The property is located at 119-10 94th Avenue South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Storefront with two apartments on the second and third floors; 3,540 square feet; building measures 20 by 55 feet; Separate heating, hot water, and electric meters
