Mixed-Use Buildings with
For Sale
$2,250,000
4505 104th Street Corona, Ny, NY 11368
Two mixed-use buildings combine one-bedroom apartments with café, bakery, and bread production space.
Property Size7,000 SF
Lot Size0.11 Acres
Price / SF$321.43
Days on Market54
Property Features for 4505 104th Street Corona
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
1
Lot size
0.11 Acres
Zoning
R6B
Taxes and HOA fees
Annual Taxes
$27,428
Amenities
elevator
Yes
Public
1
No
Other
7000
Building Details
Building Size
7,000 SF
Year Built
2004
Buildings
2
Tenancy
Multi
Listing Agency:
(845) 765-6128
Listed By:
Tiffany Megna
(845) 765-6128
Source:
Town-and-country-fishkill-ny.remax
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 30 at 1:22PM
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 Tiffany Megna
Investment Insights
Based on property information with market context.
This mixed-use property consists of two buildings, each arranged with four residential units above a ground-floor commercial operation. Together, the upper levels provide 8 separate one-bedroom apartments. The commercial component includes a café and bakery at the front, a bread production area, and a high-ceilinged basement. The retail and basement areas together offer approximately 14,000 square feet of usable space, with an elevator serving the property.
The site occupies a 50x100 lot, with each building described as having a 40x80 footprint. R6B zoning is identified in the property information, and the buildings were constructed in 2004. The assets are available for purchase together or individually.
The site occupies a 50x100 lot, with each building described as having a 40x80 footprint. R6B zoning is identified in the property information, and the buildings were constructed in 2004. The assets are available for purchase together or individually.
Key Highlights
- 8 separate one‑bedroom apartments across the two buildings
- Approximately 14,000 square feet of combined retail and basement space
- Ground‑floor café and bakery with bread production facility
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
$101,686
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
4.52%
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%
$2,033,720
$2.0M
Cap Rate 7%
$1,452,657
$1.5M
Cap Rate 9%
$1,129,844
$1.1M
Market Conditions
NOI Build-Up for 7,000 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
$153.7K $21.96/SF
− Vacancy
−$8.5K −$1.21/SF
EGI
$145.3K $20.75/SF
− OpEx
−$43.6K −$6.23/SF
NOI
$101.7K $14.53/SF
Area
New York, NY
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,033,720
Cap Rate 7%
$1,452,657
Cap Rate 9%
$1,129,844
Alternative Uses
Best Use
Specialty Retail
$17.42M
$15.25M – $20.33M
NOI $1,219,680 @ 7.0% cap · market cap 54.21%
Second Best
Retail
$14.07M
$12.31M – $16.42M
NOI $985,072 @ 7.0% cap · market cap 43.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two mixed-use buildings combine one-bedroom apartments with café, bakery, and bread production space.
Where is this mixed-use property located?
The property is located at 4505 104th Street Corona Ny, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 8 separate one‑bedroom apartments across the two buildings; Approximately 14,000 square feet of combined retail and basement space; Ground‑floor café and bakery with bread production facility
