6-Unit Mixed-Use
For Sale
$2,980,000
120-20 Liberty Avenue, New York, NY 11419
Corner property with fully occupied commercial and residential space, separate meters, and subway access.
Property Size3,814 SF
Price / SF$781.33
Days on Market24
Property Features for 120-20 Liberty Avenue
General Information
Standard status
Active
Size
3,814 SF
Property subtype
Mixed Use
Zoning
R6A, C2-3
Occupancy
100%
Net Operating Income
$175,320
Additional Details
Gross Income
$229,320
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$41,562
Amenities
3
Building Details
Year Built
1931
Tenancy
Multi
Listing Agency:
Century 21 Milestone Team Rlty
(718) 291-7000
Listed By:
Anand Mahadeo
Source:
Xome
Added: Jul 18
Changed: Aug 8
Last Checked: Aug 10 at 2:47AM
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 Century 21 Milestone Team Rlty
Investment Insights
Based on property information with market context.
This mixed-use property contains six occupied units, comprising three commercial spaces and three residential units. Separate meters serve the property, and the building dates to 1931. The asset is governed by R6A and C2-3 zoning with 3 Facility and 3 Residential FAR designations.
Positioned at 120-20 Liberty Avenue in New York, the corner property is within walking distance of a subway station. Surrounding businesses and financial institutions include McDonald's, Checkers, Burger King, Dunkin' Donuts, TD Bank, and Citi Bank.
Positioned at 120-20 Liberty Avenue in New York, the corner property is within walking distance of a subway station. Surrounding businesses and financial institutions include McDonald's, Checkers, Burger King, Dunkin' Donuts, TD Bank, and Citi Bank.
Key Highlights
- Six fully occupied units: three commercial and three residential
- Separate utility meters for the property
- R6A and C2‑3 zoning with 3 Facility and 3 Residential FAR
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,571
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,431,420
$2.4M
Cap Rate 7%
$1,736,729
$1.7M
Cap Rate 9%
$1,350,789
$1.4M
Market Conditions
NOI Build-Up for 3,814 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$228.8K $60.00/SF
− Vacancy
−$34.3K −$9.00/SF
EGI
$194.5K $51.00/SF
− OpEx
−$72.9K −$19.13/SF
NOI
$121.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,431,420
Cap Rate 7%
$1,736,729
Cap Rate 9%
$1,350,789
Alternative Uses
Best Use
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,571 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$1.70M
$1.49M – $1.99M
NOI $119,330 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$9.49M
$8.31M – $11.08M
NOI $664,551 @ 7.0% cap · market cap 22.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,320
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property with fully occupied commercial and residential space, separate meters, and subway access.
Where is this mixed-use property located?
The property is located at 120-20 Liberty Avenue New York, NY.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: Six fully occupied units: three commercial and three residential; Separate utility meters for the property; R6A and C2‑3 zoning with 3 Facility and 3 Residential FAR
