Multi-Unit Mixed-Use
For Sale
$1,790,000
12214 18th Avenue, Flushing, NY 11356
The building combines residential and commercial occupancy in Flushing, with access to public transportation, shopping, and dining.
Property Size3,885 SF
Price / SF$460.75
Days on Market112
Property Features for 12214 18th Avenue
General Information
Standard status
Active
Size
3,885 SF
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Mixed-Use Components
residential, commercial
Taxes and HOA fees
Annual Taxes
$12,176
Building Details
Building Size
3,885 SF
Year Built
1931
Tenancy
Multi
Listing Agency:
Voro LLC
Listed By:
Shahroz A. Syed
(646) 730-3062
Source:
Thedecurtisgroup
Added: Jul 9
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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
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Investment Insights
Based on property information with market context.
This 3,885-square-foot mixed-use building in Flushing contains multiple residential and commercial units. The property was built in 1931.
Public transportation, shopping, dining, and major thoroughfares are accessible from the property. The building is located at 12214 18th Avenue, Flushing, NY 11356.
Public transportation, shopping, dining, and major thoroughfares are accessible from the property. The building is located at 12214 18th Avenue, Flushing, NY 11356.
Key Highlights
- 3,885‑square‑foot mixed‑use building
- Multiple residential and commercial units
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,967
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines residential and commercial occupancy in Flushing, with access to public transportation, shopping, and dining.
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: 3,885‑square‑foot mixed‑use building; Multiple residential and commercial units; Built in 1931
