Mixed-Use Property with
For Sale
$1,198,000
125-13 111th Avenue, South Ozone Park, NY 11420
A ground-level laundromat and two upstairs apartments provide commercial and residential components.
Property Size2,800 SF
Price / SF$427.86
Days on Market17
Property Features for 125-13 111th Avenue
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Zoning
R3-2
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$25,443
Building Details
Building Size
2,800 SF
Year Built
1925
Units
3
Tenancy
Multi
Listing Agency:
Skylux Realty Inc
(718) 500-2231
Listed By:
Fei Guo · License #10401366341
(516) 587-9113
Source:
Croninreale
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 3:46PM
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 Skylux Realty Inc
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Investment Insights
Based on property information with market context.
This 2,800-square-foot mixed-use property in South Ozone Park, Queens, was built in 1925. A commercial storefront occupied by a laundromat sits on the ground floor. Above it are two apartments: one with one bedroom and one full bathroom, and another with two bedrooms and one full bathroom. Gas and electricity are separately metered for all three units.
Local bus routes serve the area, and the A subway line is accessible along Liberty Avenue. Nearby services include supermarkets, shops, restaurants, banks, and schools.
Local bus routes serve the area, and the A subway line is accessible along Liberty Avenue. Nearby services include supermarkets, shops, restaurants, banks, and schools.
Key Highlights
- 2,800‑square‑foot mixed‑use property built in 1925
- Ground‑floor storefront currently operated as a laundromat
- Two apartments: one 1‑bedroom/1‑bath unit and one 2‑bedroom/1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,444
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,880
$1.4M
Cap Rate 7%
$977,771
$977.8K
Cap Rate 9%
$760,489
$760.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$129.4K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$124.4K $44.44/SF
− OpEx
−$56.0K −$20.00/SF
NOI
$68.4K $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%
$1,368,880
Cap Rate 7%
$977,771
Cap Rate 9%
$760,489
Alternative Uses
Best Use
Apartment 5plus
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$714.0K
$624.8K – $833.0K
NOI $49,980 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,493 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 11420, NY
47,383
Population
14,835
Households
3.2
Avg Household Size
40
Median Age
22%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
22,563
Density / Sq Mi
$98,584
Median Household Income
$45,571
Median Earnings
$2,032
Median Rent
$673,700
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 - A ground-level laundromat and two upstairs apartments provide commercial and residential components.
Where is this mixed-use property located?
The property is located at 125-13 111th Avenue South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: 2,800‑square‑foot mixed‑use property built in 1925; Ground‑floor storefront currently operated as a laundromat; Two apartments: one 1‑bedroom/1‑bath unit and one 2‑bedroom/1‑bath unit
