Retail Property Near M
For Sale
$2,800,000
18-14/16 Putnam Ave, Queens, NY 11385
Retail property near transportation and retail with development potential.
Property Size5,000 SF
Days on Market312
Property Features for 18-14/16 Putnam Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$35,082
Building Details
Building Size
5,000 SF
Year Built
1931
Stories
1
Units
1
Listed By:
Fan Yang
(718) 888-2965
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 5
Last Checked: Oct 4 at 11:42AM
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 Fan Yang
Investment Insights
Based on property information with market context.
This retail property presents a business opportunity to invest in or run a Laundry Max business, with possible owner financing available. Located in an R6B/C1-4 zoning district, the property offers development potential. The location is near various retail stores and popular restaurants, and is steps from the M train station.
Key Highlights
- Business opportunity: Laundry Max business with potential for owner financing.
- R6B/C1‑4 zoning district offering great development potential.
- Excellent location near retail stores and restaurants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,250
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,785,000
$1.8M
Cap Rate 7%
$1,275,000
$1.3M
Cap Rate 9%
$991,667
$991.7K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$22.5K −$4.50/SF
EGI
$127.5K $25.50/SF
− OpEx
−$38.3K −$7.65/SF
NOI
$89.3K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,785,000
Cap Rate 7%
$1,275,000
Cap Rate 9%
$991,667
Alternative Uses
Best Use
Retail
$1.27M
$1.12M – $1.49M
NOI $89,250 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,024 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,275
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Dining 29%
Shops & Services 19%
Stop & Shop
Groceries
45,201 visits/mo
0.2 miles
McDonald's
Dining
29,902 visits/mo
0.5 miles
Key Food
Groceries
16,993 visits/mo
0.5 miles
Chase Bank
Shops & Services
10,079 visits/mo
0.4 miles
BP
Shops & Services
9,090 visits/mo
0.1 miles
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property near transportation and retail with development potential.
Where is this retail space located?
The property is located at 18-14/16 Putnam Ave Queens, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Business opportunity: Laundry Max business with potential for owner financing.; R6B/C1‑4 zoning district offering great development potential.; Excellent location near retail stores and restaurants.
