Mixed-Use Building with
16904 Crocheron Avenue, Flushing, NY 11358
For Sale
$1,180,000
A two-story property combines ground-floor commercial space with a three-bedroom residence above.
Property Size2,430 SF
Lot Size0.03 Acres
Price / SF$485.60
Days on Market143
Property Features for 16904 Crocheron Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Chase Global Realty Corp
(718) 355-8788
Listed By:
Sophia X. Yao · License #10311201216
(929) 260-9118
Source:
Clairedleone
Added: Jun 19
Changed: Nov 7
Last Checked: Nov 7 at 5:50PM
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 Chase Global Realty Corp
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Investment Insights
Based on property information with market context.
This two-story mixed-use property pairs a ground-floor commercial unit with an apartment on the upper level. The commercial space has an open plan and high ceilings; the second-floor residence includes three bedrooms and one bathroom. A full basement provides additional area equal in size to the first floor. The building dates to 1920 and is zoned R5B.
The property is in Flushing, near the Auburndale and Broadway LIRR stations, with Q28 bus service nearby. Northern Boulevard’s commercial corridor and Downtown Flushing are also a short distance away.
The property is in Flushing, near the Auburndale and Broadway LIRR stations, with Q28 bus service nearby. Northern Boulevard’s commercial corridor and Downtown Flushing are also a short distance away.
Key Highlights
- Ground‑floor commercial unit with open layout and high ceilings
- Three‑bedroom, one‑bath apartment on the second floor
- Full basement with area equal to the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,376
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,520
$867.5K
Cap Rate 7%
$619,657
$619.7K
Cap Rate 9%
$481,956
$482.0K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$72.9K $30.00/SF
− Vacancy
−$10.9K −$4.50/SF
EGI
$62.0K $25.50/SF
− OpEx
−$18.6K −$7.65/SF
NOI
$43.4K $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%
$867,520
Cap Rate 7%
$619,657
Cap Rate 9%
$481,956
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.87M
NOI $112,466 @ 7.0% cap · market cap 9.53%
Second Best
Retail
$619.7K
$542.2K – $722.9K
NOI $43,376 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,400 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,688
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 25%
Electronics 3%
Home Improvements & Furnishings 1%
Taco Bell
Dining
30,574 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
12,889 visits/mo
0.4 miles
Sunoco
Shops & Services
9,107 visits/mo
0.3 miles
Mobil
Shops & Services
7,346 visits/mo
0.4 miles
BonChon Chicken
Dining
6,388 visits/mo
0.5 miles
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
$967,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Flushing, NY
Properties on Market for Mixed-use properties in Flushing
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-story property combines ground-floor commercial space with a three-bedroom residence above.
Where is this mixed-use property located?
The property is located at 16904 Crocheron Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Ground‑floor commercial unit with open layout and high ceilings; Three‑bedroom, one‑bath apartment on the second floor; Full basement with area equal to the first floor
