Mixed-Use Building with
For Sale
$1,399,000
Pending
132-10 Crossbay Boulevard, Ozone Park, NY 11417
A professional office occupies the upper level, with a kitchenette and bathroom.
Property Size2,476 SF
Days on Market9
Property Features for 132-10 Crossbay Boulevard
General Information
Standard status
Pending
Size
2,476 SF
Site & Location
Road Access
Yes
Mixed-Use Components
retail, office
Additional Details
Office Units
1
Tenant in Place
Yes
Property Use
Mixed Use
Taxes and HOA fees
Annual Taxes
$8,500
Amenities
shared driveway
detached garage
Unfinished
Wood
1
1 Common Wall
2
Yes
Public
No
Garage, Open, Shared Driveway
2476
Building Details
Building Size
2,476 SF
Year Built
1931
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Connexion I Rl Est Svcs Inc
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:19PM
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 Connexion I Rl Est Svcs Inc
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Investment Insights
Based on property information with market context.
This 2,476-square-foot, all-brick mixed-use building was constructed in 1931. The ground-floor retail space is leased to a deli. Above it, an area once arranged as two apartments has been converted to professional office space, with a kitchenette and bathroom.
The property includes a detached garage and shared driveway, with access from Cross Bay Boulevard. The upper floor’s prior apartment configuration is a documented feature of the building.
The property includes a detached garage and shared driveway, with access from Cross Bay Boulevard. The upper floor’s prior apartment configuration is a documented feature of the building.
Key Highlights
- 2,476‑square‑foot mixed‑use building
- Ground‑floor retail space leased to a deli
- Upper level converted from a two‑apartment layout to professional office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,519
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,380
$1.6M
Cap Rate 7%
$1,164,557
$1.2M
Cap Rate 9%
$905,767
$905.8K
Market Conditions
NOI Build-Up for 2,476 SF
Gross rent
$124.8K $50.40/SF
− Vacancy
−$16.1K −$6.50/SF
EGI
$108.7K $43.90/SF
− OpEx
−$27.2K −$10.97/SF
NOI
$81.5K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,380
Cap Rate 7%
$1,164,557
Cap Rate 9%
$905,767
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,519 @ 7.0% cap · market cap 5.83%
Second Best
Retail
$631.4K
$552.5K – $736.6K
NOI $44,197 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,773 @ 7.0% cap · market cap 9.13%
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
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,379
Businesses Nearby
Explore this area
Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A professional office occupies the upper level, with a kitchenette and bathroom.
Where is this mixed-use property located?
The property is located at 132-10 Crossbay Boulevard Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 2,476‑square‑foot mixed‑use building; Ground‑floor retail space leased to a deli; Upper level converted from a two‑apartment layout to professional office space
