Mixed-Use Building with Rear
19803 Hollis Avenue, Flushing, NY 11412
For Sale
$969,000
The property combines two apartments, a ground-floor storefront, and a finished basement.
Property Size1,980 SF
Lot Size0.06 Acres
Price / SF$489.39
Days on Market251
Property Features for 19803 Hollis Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Financials
Gross Income
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
finished basement
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
5 Boro Realty Corp
(855) 305-3325
Listed By:
Nina Sabag · License #10311207532
(917) 705-0005
Source:
Croninreale
Added: Mar 2
Changed: Nov 7
Last Checked: Nov 7 at 12:36PM
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 5 Boro Realty Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1940, this mixed-use property contains a three-bedroom apartment, a studio apartment, and a ground-floor retail space. A finished basement is used by the storefront tenant. The building footprint measures 18 feet by 55 feet on a 21-foot-by-131.17-foot lot, with rear parking for up to four cars.
The property is located at 19803 Hollis Avenue in Flushing, New York, and is zoned R5B.
The property is located at 19803 Hollis Avenue in Flushing, New York, and is zoned R5B.
Key Highlights
- Two residential units: a three‑bedroom apartment and a studio
- Ground‑floor storefront with access to a finished basement
- Rear parking accommodates up to four cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,400
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,000
$968.0K
Cap Rate 7%
$691,429
$691.4K
Cap Rate 9%
$537,778
$537.8K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$91.5K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.0K $44.44/SF
− OpEx
−$39.6K −$20.00/SF
NOI
$48.4K $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%
$968,000
Cap Rate 7%
$691,429
Cap Rate 9%
$537,778
Alternative Uses
Best Use
Apartment 5plus
$691.4K
$605.0K – $806.7K
NOI $48,400 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,178 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
Explore this area
Business Placement
Demographics for 11412, NY
37,958
Population
12,821
Households
3
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
23,724
Density / Sq Mi
$98,418
Median Household Income
$48,243
Median Earnings
$1,630
Median Rent
$633,800
Median Home Value
Market
Average Price Trend$/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 - The property combines two apartments, a ground-floor storefront, and a finished basement.
Where is this mixed-use property located?
The property is located at 19803 Hollis Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Two residential units: a three‑bedroom apartment and a studio; Ground‑floor storefront with access to a finished basement; Rear parking accommodates up to four cars
