Five-Story Mixed-Use
For Sale
$19,800,000
16107 SANFORD AVE, Flushing, NY 11358
The building combines apartment levels with basement parking and convenient access to commercial activity and public transportation.
Property Size41,824 SF
Price / SF$473.41
Days on Market401
Property Features for 16107 SANFORD AVE
General Information
Standard status
Active
Size
41,824 SF
Total Parking Spaces
36
Property subtype
Mixed Use
Additional Details
Public Transit
Yes
Multifamily Units
16
Amenities
Electric
3
Building Details
Year Built
2019
Buildings
1
Stories
5
Listing Agency:
E Realty International Corp
(646) 508-9880
Listed By:
Xiao Chen · License #10401299357
(646) 508-9880
Source:
Xome
Added: Jul 27, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:16PM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This five-story mixed-use property includes 16 apartment units arranged across the second and third floors. The second floor contains nine units, while the third floor contains seven units. Basement parking provides 36 spaces, supporting the building’s residential and community-oriented configuration.
The property is near a commercial street, bus service, and a train station, placing daily transportation and nearby commercial activity within convenient reach. The building also includes community facility space, adding a nonresidential component to the overall layout.
The property is near a commercial street, bus service, and a train station, placing daily transportation and nearby commercial activity within convenient reach. The building also includes community facility space, adding a nonresidential component to the overall layout.
Key Highlights
- 16 apartment units across the second and third floors
- Second floor includes 9 apartment units
- Third floor includes 7 apartment units
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
$1,022,363
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
5.16%
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%
$20,447,260
$20.4M
Cap Rate 7%
$14,605,186
$14.6M
Cap Rate 9%
$11,359,589
$11.4M
Market Conditions
NOI Build-Up for 41,824 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
$1.93M $46.20/SF
− Vacancy
−$73.4K −$1.76/SF
EGI
$1.86M $44.44/SF
− OpEx
−$836.5K −$20.00/SF
NOI
$1.02M $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%
$20,447,260
Cap Rate 7%
$14,605,186
Cap Rate 9%
$11,359,589
Alternative Uses
Best Use
Apartment 5plus
$14.61M
$12.78M – $17.04M
NOI $1,022,363 @ 7.0% cap · market cap 5.16%
Second Best
Mixed Use
$7.69M
$6.73M – $8.97M
NOI $538,275 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$30.83M
$26.98M – $35.97M
NOI $2,158,319 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
2,795
Businesses Nearby
Explore this area
Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
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 - The building combines apartment levels with basement parking and convenient access to commercial activity and public transportation.
Where is this mixed-use property located?
The property is located at 16107 SANFORD AVE Flushing, NY.
What is the asking price?
The asking price for this property is $19,800,000.
What are key features of this property?
This property features: 16 apartment units across the second and third floors; Second floor includes 9 apartment units; Third floor includes 7 apartment units
