Fully Occupied Mixed-Use
For Sale
$7,790,000
132-25 Pople Ave, Flushing, NY 11355
R6-zoned property with an established occupancy profile.
Property Size22,133 SF
Days on Market374
Property Features for 132-25 Pople Ave
General Information
Standard status
Active
Size
22,133 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
R6
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$101,213
Building Details
Building Size
22,133 SF
Year Built
2009
Stories
6
Units
14
Listing Agency:
Auri Realty Management LLC
(917) 693-3024
Listed By:
Yuan Williams · License #40WI1042122
(917) 693-3024
Source:
Cohenandcohenrealty
Added: Aug 16, 2025
Changed: Aug 23
Last Checked: Aug 23 at 12:38PM
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 Auri Realty Management LLC
Investment Insights
Based on property information with market context.
This mixed-use property was constructed in 2009 and is currently fully occupied. The asset is located at 132-25 Pople Ave in Flushing, New York, within an R6 zoning designation.
Key Highlights
- Fully occupied mixed‑use property
- Constructed in 2009
- R6 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$541,028
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,820,560
$10.8M
Cap Rate 7%
$7,728,971
$7.7M
Cap Rate 9%
$6,011,422
$6.0M
Market Conditions
NOI Build-Up for 22,133 SF
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.
Gross rent
$1.02M $46.20/SF
− Vacancy
−$38.9K −$1.76/SF
EGI
$983.7K $44.44/SF
− OpEx
−$442.7K −$20.00/SF
NOI
$541.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,820,560
Cap Rate 7%
$7,728,971
Cap Rate 9%
$6,011,422
Alternative Uses
Best Use
Apartment 5plus
$7.73M
$6.76M – $9.02M
NOI $541,028 @ 7.0% cap · market cap 6.95%
Second Best
Mixed Use
$4.07M
$3.56M – $4.75M
NOI $284,852 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$16.32M
$14.28M – $19.04M
NOI $1,142,169 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
8,497
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - R6-zoned property with an established occupancy profile.
Where is this mixed-use property located?
The property is located at 132-25 Pople Ave Flushing, NY.
What is the asking price?
The asking price for this property is $7,790,000.
What are key features of this property?
This property features: Fully occupied mixed‑use property; Constructed in 2009; R6 zoning designation
