Modern Mixed-Use Building in
10211 37th Ave Queens, NY 11368
For Sale
$3,880,000
Four-story mixed-use property with commercial and residential units.
Property Size5,104 SF
Lot Size0.06 Acres
Price / SF$760.19
Days on Market72
Property Features for 10211 37th Ave
General Information
- Standard status
- Active
- Size
- 5,104 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2019
Listing Agency:
Landmark International Real Estate LLC
(718) 898-8300
Listed By:
Hui Lin
(718) 898-8300
Source:
Elliman
Added: May 16
Changed: Jul 10
Last Checked: Jul 26 at 9:04AM
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 Landmark International Real Estate LLC
Investment Insights
Based on property information with market context.
This four-story mixed-use property, constructed in 2019, is located in Corona. The building features one commercial storefront and six residential units. The building size is approximately 5,104 square feet, situated on a 25x100 lot. The property is zoned R6B/C1-4. The residential units feature bright layouts, modern kitchens, stylish bathrooms, and contemporary finishes. The ground-floor commercial space provides additional income. The property is located near shopping, restaurants, public transportation, schools, and major highways. The bike score is 70, indicating it is very bikeable. The walk score is 89, indicating it is very walkable. The transit score is 85, indicating excellent transit.
Key Highlights
- Strong Income Potential: Featuring 1 commercial and 6 residential units for diverse income.
- Modern Construction: Built in 2019, offering contemporary features.
- Prime Location: In the heart of Corona, near amenities and transport.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $235.8k | $46.20 |
| − Vacancy | −$9.0k | −$1.76 |
| EGI | $226.8k | $44.44 |
| − OpEx | −$102.1k | −$20.00 |
| NOI | $124.8k | $24.44 |
5,104 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,764 @ 7.0% cap · market cap 3.22%
Second Best
Retail
$1.30M
$1.14M – $1.52M
NOI $91,106 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,391 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Four-story mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 10211 37th Ave Queens, NY.
What is the asking price?
The asking price for this property is $3,880,000.
What are key features of this property?
This property features: Strong Income Potential: Featuring 1 commercial and 6 residential units for diverse income.; Modern Construction: Built in 2019, offering contemporary features.; Prime Location: In the heart of Corona, near amenities and transport.
