Five-Story Mixed-Use
For Sale
$17,000,000
165-02 Sanford Avenue, Flushing, NY 11358
Upper floors contain 16 apartments, with a community facility on the first floor.
Property Size41,824 SF
Price / SF$406.47
Days on Market318
Property Features for 165-02 Sanford Avenue
General Information
Standard status
Active
Size
41,824 SF
Total Parking Spaces
36
Property subtype
Commercial
Additional Details
Public Transit
Yes
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$382,537
Building Details
Building Size
41,824 SF
Year Built
2019
Buildings
1
Stories
5
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Xiao H. Chen · License #10401299357
(646) 508-9880
Source:
Croninreale
Added: Dec 9, 2025
Changed: Oct 23
Last Checked: Oct 23 at 9:55AM
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
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Investment Insights
Based on property information with market context.
This five-story mixed-use property contains 41,824 square feet. The first floor is designated for a community facility, while the second and third floors hold 16 apartments: nine on the second floor and seven on the third. Basement parking provides 36 spaces.
The property is near a commercial street, a bus stop, and a train station.
The property is near a commercial street, a bus stop, and a train station.
Key Highlights
- 41,824‑square‑foot mixed‑use property
- Five stories with a first‑floor community facility
- 16 apartments: nine on the second floor and seven on the third
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,022,363
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
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
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 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 6.01%
Second Best
Mixed Use
$7.69M
$6.73M – $8.97M
NOI $538,275 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$30.83M
$26.98M – $35.97M
NOI $2,158,319 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
8,547
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper floors contain 16 apartments, with a community facility on the first floor.
Where is this mixed-use property located?
The property is located at 165-02 Sanford Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: 41,824‑square‑foot mixed‑use property; Five stories with a first‑floor community facility; 16 apartments: nine on the second floor and seven on the third
