Mixed-Use Building with Multiple
For Sale
$1,790,000
12214 18th Avenue, Flushing, NY 11356
The building contains residential and commercial units in a transit-accessible Flushing setting.
Property Size3,885 SF
Days on Market39
Property Features for 12214 18th Avenue
General Information
Standard status
Active
Size
3,885 SF
Property subtype
Commercial
Zoning
R4A
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,176
Building Details
Building Size
3,885 SF
Year Built
1931
Buildings
1
Stories
3
Units
3
Listing Agency:
Voro LLC
(646) 730-3062
Listed By:
Shahroz A. Syed
(646) 730-3062
Source:
Cohenandcohenrealty
Added: Jul 9
Changed: Aug 15
Last Checked: Aug 15 at 8:46AM
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 Voro LLC
Investment Insights
Based on property information with market context.
This mixed-use building combines multiple residential and commercial units within one property. The configuration accommodates both living space and business occupancy, creating a varied income-producing profile under R4A zoning. Constructed in 1931, the building represents an established asset within the Flushing market.
The property is located at 12214 18th Avenue in Flushing, New York. The surrounding area includes public transportation, shopping, dining, and access to major thoroughfares. Flushing is identified as one of Queens’ vibrant neighborhoods, adding substantial urban context to the property’s residential and commercial positioning.
The property is located at 12214 18th Avenue in Flushing, New York. The surrounding area includes public transportation, shopping, dining, and access to major thoroughfares. Flushing is identified as one of Queens’ vibrant neighborhoods, adding substantial urban context to the property’s residential and commercial positioning.
Key Highlights
- Mixed‑use configuration with multiple residential and commercial units
- R4A zoning
- Built in 1931
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
$94,967
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
5.31%
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%
$1,899,340
$1.9M
Cap Rate 7%
$1,356,671
$1.4M
Cap Rate 9%
$1,055,189
$1.1M
Market Conditions
NOI Build-Up for 3,885 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
$179.5K $46.20/SF
− Vacancy
−$6.8K −$1.76/SF
EGI
$172.7K $44.44/SF
− OpEx
−$77.7K −$20.00/SF
NOI
$95.0K $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 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%
$1,899,340
Cap Rate 7%
$1,356,671
Cap Rate 9%
$1,055,189
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.58M
NOI $94,967 @ 7.0% cap · market cap 5.31%
Second Best
Retail
$990.7K
$866.8K – $1.16M
NOI $69,347 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,485 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,756
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building contains residential and commercial units in a transit-accessible Flushing setting.
Where is this mixed-use property located?
The property is located at 12214 18th Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Mixed‑use configuration with multiple residential and commercial units; R4A zoning; Built in 1931
