Mixed-Use Property with Two
13204 111th Avenue, South Ozone Park, NY 11420
For Sale
$929,000
R3-2 zoning and recently updated plumbing and electrical systems support the building’s mixed residential and commercial configuration.
Property Size2,000 SF
Price / SF$464.50
Days on Market196
Property Features for 13204 111th Avenue
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Elite Realty of USA Inc
(718) 551-9800
Listed By:
Chandar Persaud · License #NY10301219700
(718) 757-0938
Source:
Croninreale
Added: Apr 27
Changed: Nov 7
Last Checked: Nov 7 at 2:19PM
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 Elite Realty of USA Inc
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Investment Insights
Based on property information with market context.
This 2,000-square-foot mixed-use property includes two residential units. Renovation work included new plumbing and electrical systems.
Built in 1925, the property is zoned R3-2 and is located at 13204 111th Avenue in South Ozone Park, New York.
Built in 1925, the property is zoned R3-2 and is located at 13204 111th Avenue in South Ozone Park, New York.
Key Highlights
- Two residential units
- 2,000 square feet of mixed‑use space
- Renovated with new plumbing and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,700
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,000
$714.0K
Cap Rate 7%
$510,000
$510.0K
Cap Rate 9%
$396,667
$396.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$60.0K $30.00/SF
− Vacancy
−$9.0K −$4.50/SF
EGI
$51.0K $25.50/SF
− OpEx
−$15.3K −$7.65/SF
NOI
$35.7K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,000
Cap Rate 7%
$510,000
Cap Rate 9%
$396,667
Alternative Uses
Best Use
Retail
$510.0K
$446.3K – $595.0K
NOI $35,700 @ 7.0% cap · market cap 3.84%
Second Best
Mixed Use
$367.7K
$321.8K – $429.0K
NOI $25,740 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,925
Businesses Nearby
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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
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - R3-2 zoning and recently updated plumbing and electrical systems support the building’s mixed residential and commercial configuration.
Where is this mixed-use property located?
The property is located at 13204 111th Avenue South Ozone Park, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Two residential units; 2,000 square feet of mixed‑use space; Renovated with new plumbing and electrical systems
