Mixed-Use Property with Open Floor
219-05 Hempstead Avenue, Queens Village, NY 11429
For Sale
Contact for pricing
An open interior features high ceilings, large windows, brick walls, and utilities in place.
Property Size2,920 SF
Price / SF$1.15
Days on Market33
Property Features for 219-05 Hempstead Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Building Details
Year Built
Listing Agency:
ERA/Top Service Realty Inc
Listed By:
Abdool N. Rahaman · License #10301205296
(718) 464-5800
Source:
Neilcharlesrealestate
Added: Oct 6
Changed: Nov 7
Last Checked: Nov 6 at 3:36PM
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 ERA/Top Service Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The mixed-use property at 219-05 Hempstead Avenue has an open interior, high ceilings, large windows, and exposed brick walls. Utilities are in place, and the space is described as ready for occupancy.
The property is on Hempstead Avenue in Queens Village, with public transportation, shopping, and dining nearby. The interior layout offers room for customization.
The property is on Hempstead Avenue in Queens Village, with public transportation, shopping, and dining nearby. The interior layout offers room for customization.
Key Highlights
- Open floor plan with high ceilings and large windows
- Brick walls add a distinctive interior finish
- Utilities are in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,580
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,600
$751.6K
Cap Rate 7%
$536,857
$536.9K
Cap Rate 9%
$417,556
$417.6K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$70.1K $24.00/SF
− Vacancy
−$10.0K −$3.41/SF
EGI
$60.1K $20.59/SF
− OpEx
−$22.5K −$7.72/SF
NOI
$37.6K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,600
Cap Rate 7%
$536,857
Cap Rate 9%
$417,556
Alternative Uses
Best Use
Retail
$744.6K
$651.5K – $868.7K
NOI $52,122 @ 7.0% cap · market cap 1,546.65%
Second Best
Mixed Use
$536.9K
$469.8K – $626.3K
NOI $37,580 @ 7.0% cap · market cap 1,115.13%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,686 @ 7.0% cap · market cap 4,471.39%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 32%
Electronics 2%
Citibank
Shops & Services
14,764 visits/mo
0.4 miles
Chase Bank
Shops & Services
10,271 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
6,164 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,146 visits/mo
0.4 miles
H&R Block
Shops & Services
840 visits/mo
0.4 miles
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - An open interior features high ceilings, large windows, brick walls, and utilities in place.
Where is this mixed-use property located?
The property is located at 219-05 Hempstead Avenue Queens Village, NY.
What are key features of this property?
This property features: Open floor plan with high ceilings and large windows; Brick walls add a distinctive interior finish; Utilities are in place
