Fully Leased Mixed-Use
183-01 Horace Harding Expressway, Fresh Meadows, NY 11365
For Sale
$2,180,000
The building combines two residential units with two commercial spaces and is fully leased.
Property Size3,500 SF
Price / SF$622.86
Days on Market9
Property Features for 183-01 Horace Harding Expressway
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Corner Location
Highway Access
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
High Ceilings
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
CPRE Elite Inc
Listed By:
Jay Yang
Source:
Moreandmorerealestate
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 5:31PM
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 CPRE Elite Inc
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Investment Insights
Based on property information with market context.
Built in 1940, this mixed-use property contains two residential units and two commercial units. The property totals 3,500, with the measurement unit not specified in the available details, and is fully leased.
The corner location is along Horace Harding Expressway in Fresh Meadows. High schools, businesses, and residential neighborhoods are identified in the surrounding area.
The corner location is along Horace Harding Expressway in Fresh Meadows. High schools, businesses, and residential neighborhoods are identified in the surrounding area.
Key Highlights
- Fully leased with two residential units and two commercial units
- 3,500 property size; measurement unit not specified
- Corner location on Horace Harding Expressway in Fresh Meadows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,475
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,500
$1.2M
Cap Rate 7%
$892,500
$892.5K
Cap Rate 9%
$694,167
$694.2K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$105.0K $30.00/SF
− Vacancy
−$15.8K −$4.50/SF
EGI
$89.3K $25.50/SF
− OpEx
−$26.8K −$7.65/SF
NOI
$62.5K $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%
$1,249,500
Cap Rate 7%
$892,500
Cap Rate 9%
$694,167
Alternative Uses
Best Use
Retail
$892.5K
$780.9K – $1.04M
NOI $62,475 @ 7.0% cap · market cap 2.87%
Second Best
Mixed Use
$643.5K
$563.1K – $750.8K
NOI $45,045 @ 7.0% cap · market cap 2.07%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,617 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,795
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
QuikStop
Shops & Services
10,866 visits/mo
0.1 miles
Demographics for 11365, NY
46,908
Population
16,626
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
2.5 sq mi
ZIP Area
18,763
Density / Sq Mi
$85,375
Median Household Income
$51,458
Median Earnings
$1,869
Median Rent
$911,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines two residential units with two commercial spaces and is fully leased.
Where is this mixed-use property located?
The property is located at 183-01 Horace Harding Expressway Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $2,180,000.
What are key features of this property?
This property features: Fully leased with two residential units and two commercial units; 3,500 property size; measurement unit not specified; Corner location on Horace Harding Expressway in Fresh Meadows
