Occupied Mixed-Use
12606 111th Avenue, South Ozone Park, NY 11420
For Sale
$949,000
Commercial and residential spaces are fully occupied in this South Ozone Park building.
Property Size2,400 SF
Price / SF$395.42
Days on Market8
Property Features for 12606 111th Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Mixed-Use Components
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Connie Francisco R E Group
Listed By:
Pragya Agarwal SFR
(718) 690-5724
Source:
Moreandmorerealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 8:26PM
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 Connie Francisco R E Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 12606 111th Avenue combines commercial and residential space. The building was constructed in 1920 and is fully occupied, with zoning designated R3-2.
The property is in South Ozone Park, near shopping, dining, services, and public transportation, with access to major roadways serving Queens and nearby areas.
The property is in South Ozone Park, near shopping, dining, services, and public transportation, with access to major roadways serving Queens and nearby areas.
Key Highlights
- Fully occupied mixed‑use property with commercial and residential space
- R3‑2 zoning
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,888
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,760
$617.8K
Cap Rate 7%
$441,257
$441.3K
Cap Rate 9%
$343,200
$343.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$57.6K $24.00/SF
− Vacancy
−$8.2K −$3.41/SF
EGI
$49.4K $20.59/SF
− OpEx
−$18.5K −$7.72/SF
NOI
$30.9K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,760
Cap Rate 7%
$441,257
Cap Rate 9%
$343,200
Alternative Uses
Best Use
Mixed Use
$441.3K
$386.1K – $514.8K
NOI $30,888 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,359
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
$673,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential spaces are fully occupied in this South Ozone Park building.
Where is this mixed-use property located?
The property is located at 12606 111th Avenue South Ozone Park, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Fully occupied mixed‑use property with commercial and residential space; R3‑2 zoning; Built in 1920
