Mixed-Use Building with
12007 20th Ave, Queens, NY 11356
For Sale
New
$1,549,999
A ground-level commercial space is combined with three apartments above; the commercial tenant distributes food.
Property Size5,340 SF
Days on Market2
Property Features for 12007 20th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Mixed-Use Components
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Suydam Agency Inc.
Listed By:
Anthony Skoros · License NY 31SK1151456
(718) 359-3964
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:44PM
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 Suydam Agency Inc.
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Investment Insights
Based on property information with market context.
Built in 1950, this mixed-use property has a 3,500-square-foot ground-floor storefront and three apartments on the second floor. A food distribution business currently occupies the commercial space under a lease running through October 2029.
The apartment residents pay their own heat and electric. The property is two blocks from College Point Boulevard and has a Walk Score of 86, Transit Score of 59, and Bike Score of 46.
The apartment residents pay their own heat and electric. The property is two blocks from College Point Boulevard and has a Walk Score of 86, Transit Score of 59, and Bike Score of 46.
Key Highlights
- 3,500‑square‑foot storefront occupied by a food distribution tenant through October 2029
- Three second‑floor apartments
- Apartment tenants pay their own heat and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,533
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,610,660
$2.6M
Cap Rate 7%
$1,864,757
$1.9M
Cap Rate 9%
$1,450,367
$1.5M
Market Conditions
NOI Build-Up for 5,340 SF
Gross rent
$246.7K $46.20/SF
− Vacancy
−$9.4K −$1.76/SF
EGI
$237.3K $44.44/SF
− OpEx
−$106.8K −$20.00/SF
NOI
$130.5K $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%
$2,610,660
Cap Rate 7%
$1,864,757
Cap Rate 9%
$1,450,367
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.18M
NOI $130,533 @ 7.0% cap · market cap 8.42%
Second Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,319 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$3.94M
$3.44M – $4.59M
NOI $275,570 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,671
Businesses Nearby
Explore this area
Business Placement
Demographics for 11356, NY
28,310
Population
9,003
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.6 sq mi
ZIP Area
17,694
Density / Sq Mi
$91,445
Median Household Income
$40,928
Median Earnings
$2,160
Median Rent
$893,100
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 - A ground-level commercial space is combined with three apartments above; the commercial tenant distributes food.
Where is this mixed-use property located?
The property is located at 12007 20th Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,549,999.
What are key features of this property?
This property features: 3,500‑square‑foot storefront occupied by a food distribution tenant through October 2029; Three second‑floor apartments; Apartment tenants pay their own heat and electric
