Mixed-Use Restaurant Building with
14920 41st Ave Queens, NY 11355
14920 41st Ave, Queens, NY, 11355
$2,388,000
For Sale
$2,388,000
Four-unit mixed-use building with restaurant space and high ceilings, supporting residential income with modern systems.
Property Size5,200 SF
Price / SF$459.23
Days on Market49
Property Features for 14920 41st Ave
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing agency
ALL ISLAND ESTATES REALTY CORP
(516) 279-8828
Listed by
Richard Matt Shane · License #10301216230
(516) 279-8828
Source
Elliman
Added: Jun 4 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 7:00AM
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 ALL ISLAND ESTATES REALTY CORP
Investment Insights
Based on property information with market context.
This mixed-use restaurant building offers four residential units plus restaurant use. The property includes two 1-bedroom apartments and one 2-bedroom apartment, along with a basement and high 9’ ceilings. Building systems include sprinklers, 200-amp power, all-new LED lighting, and central air conditioning (CAC).
Located in Queens at 14920 41st Ave, it is positioned in the Murray Hill area, approximately three blocks off Northern Blvd and only minutes from I-678 (Whitestone Expy.). The surrounding tenant mix includes major banks and retailers, as well as service and quick-service operators such as UPS, Verizon, T-Mobile, CubeSmart, AutoZone, Dunkin’, 7-Eleven, YMCA, Enterprise Rent-A-Car, Duane Reade, and multiple restaurant brands.
The configuration is suited for an owner-operator or investor seeking a live-work setup with on-site residential units and restaurant space under R5/C1-2 zoning. With modern lighting and established life-safety and electrical capacity, the building provides a practical foundation for a business and its accompanying residential component.
Located in Queens at 14920 41st Ave, it is positioned in the Murray Hill area, approximately three blocks off Northern Blvd and only minutes from I-678 (Whitestone Expy.). The surrounding tenant mix includes major banks and retailers, as well as service and quick-service operators such as UPS, Verizon, T-Mobile, CubeSmart, AutoZone, Dunkin’, 7-Eleven, YMCA, Enterprise Rent-A-Car, Duane Reade, and multiple restaurant brands.
The configuration is suited for an owner-operator or investor seeking a live-work setup with on-site residential units and restaurant space under R5/C1-2 zoning. With modern lighting and established life-safety and electrical capacity, the building provides a practical foundation for a business and its accompanying residential component.
Key Highlights
- 4‑unit mixed‑use building with 5,200+ sqft and restaurant space, plus apartment income
- Year built 1931; features high 9’ ceilings and a basement
- Apartment mix includes two 1‑bedroom units and one 2‑bedroom unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.2k | $46.20 |
| − Vacancy | −$9.1k | −$1.76 |
| EGI | $231.1k | $44.44 |
| − OpEx | −$104.0k | −$20.00 |
| NOI | $127.1k | $24.44 |
5,200 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$3.44M
$3.01M – $4.01M
NOI $240,669 @ 7.0% cap · market cap 10.08%
Second Best
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,111 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,345 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit mixed-use building with restaurant space and high ceilings, supporting residential income with modern systems.
Where is this quadplex located?
The property is located at 14920 41st Ave Queens, NY.
What is the asking price?
The asking price for this property is $2,388,000.
What are key features of this property?
This property features: 4‑unit mixed‑use building with 5,200+ sqft and restaurant space, plus apartment income; Year built 1931; features high 9’ ceilings and a basement; Apartment mix includes two 1‑bedroom units and one 2‑bedroom unit
