Mixed-Use Storefront with
22022 Hempstead Ave Queens Village, NY 11429
22022 Hempstead Ave, Queens Village, NY, 11429
$975,000
For Sale
$975,000
Ground-floor storefront operates as a barbershop beneath two apartments with tenants paying heat and hot water.
Property Size2,356 SF
Price / SF$413.84
Days on Market113
Property Features for 22022 Hempstead Ave
General Information
- Standard status
- Active
- Size
- 2,356 SF
Listing agency
Douglas Elliman Real Estate
(917) 482-4812
Listed by
Terry S. Robison · License #10301223584
(917) 482-4812
Source
Exprealty
Added: Apr 1 Updated: Jul 22 at 4:33AM Checked: Jul 22 at 4:33AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This 2,356 SF mixed-use property in Queens Village includes a ground-floor commercial storefront currently operating as a barbershop, with two free-market apartments directly above. The residential tenants pay their own heat and hot water, which can help keep operating costs controlled for the building owner.
The property has 19 feet of frontage on Hempstead Avenue and offers immediate access to the LIRR at Queens Village station, along with multiple bus lines. It is also positioned with access to the Belt and Cross Island Parkways.
The adjacent property at 220-24 is also available, providing an opportunity to assemble two storefronts side by side on the same block.
The property has 19 feet of frontage on Hempstead Avenue and offers immediate access to the LIRR at Queens Village station, along with multiple bus lines. It is also positioned with access to the Belt and Cross Island Parkways.
The adjacent property at 220-24 is also available, providing an opportunity to assemble two storefronts side by side on the same block.
Key Highlights
- 2,356 SF mixed‑use property with a ground‑floor commercial storefront currently operating as a barbershop
- Storefront sits beneath two free‑market apartments—ideal for owner‑occupant use with built‑in rental income
- Two residential tenants pay their own heat and hot water, helping keep operating costs lean
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.8k | $46.20 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $104.7k | $44.44 |
| − OpEx | −$47.1k | −$20.00 |
| NOI | $57.6k | $24.44 |
2,356 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$822.7K
$719.9K – $959.9K
NOI $57,591 @ 7.0% cap · market cap 5.91%
Second Best
Retail
$600.8K
$525.7K – $700.9K
NOI $42,055 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,581 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hempstead Avenue Medical ...
Medical Clinic
Making Moves
Moving Company
Hempstead Avenue Medical ...
Physician
Dream America Homes ...
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Lilac Flowers — 220-01 Hempstead Ave, Queens Village, NY 11429
- Little Flower Children's Services — 21527 111th Rd, Jamaica, NY 11429
FAQs
What type of property is this?
Storefront property - Ground-floor storefront operates as a barbershop beneath two apartments with tenants paying heat and hot water.
Where is this storefront property located?
The property is located at 22022 Hempstead Ave Queens Village, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,356 SF mixed‑use property with a ground‑floor commercial storefront currently operating as a barbershop; Storefront sits beneath two free‑market apartments—ideal for owner‑occupant use with built‑in rental income; Two residential tenants pay their own heat and hot water, helping keep operating costs lean
