Mixed-Use Building with
22029 Hempstead Avenue, Queens Village, NY 11429
For Sale
$750,000
Vacant space pairs ground-floor commercial use with a three-bedroom apartment on the level above.
Property Size1,680 SF
Lot Size0.05 Acres
Price / SF$446.43
Days on Market38
Property Features for 22029 Hempstead Avenue
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Amenities
full basement
open rear yard
remote-control electric gate
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Prime Place Realty
(718) 480-8280
Listed By:
Brian McCaffrey
(718) 480-8282
Source:
Croninreale
Added: Oct 1
Changed: Nov 6
Last Checked: Nov 6 at 3:43PM
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 Prime Place Realty
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Investment Insights
Based on property information with market context.
At 22029 Hempstead Avenue in Queens Village, this vacant mixed-use property has 1,680 square feet of building area on a 2,040-square-foot lot. The 1931 building includes commercial space at street level and a three-bedroom apartment upstairs, along with a full basement and an open rear yard. A remote-control electric gate provides access to the property.
The property is offered vacant and has no gas meters. Buyers should verify zoning, permitted uses, measurements, and development potential with the appropriate agencies and professionals.
The property is offered vacant and has no gas meters. Buyers should verify zoning, permitted uses, measurements, and development potential with the appropriate agencies and professionals.
Key Highlights
- 1,680‑square‑foot building on a 2,040‑square‑foot lot
- Ground‑floor commercial space with a three‑bedroom apartment above
- Full basement and open rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,988
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,760
$599.8K
Cap Rate 7%
$428,400
$428.4K
Cap Rate 9%
$333,200
$333.2K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$50.4K $30.00/SF
− Vacancy
−$7.6K −$4.50/SF
EGI
$42.8K $25.50/SF
− OpEx
−$12.9K −$7.65/SF
NOI
$30.0K $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%
$599,760
Cap Rate 7%
$428,400
Cap Rate 9%
$333,200
Alternative Uses
Best Use
Retail
$428.4K
$374.9K – $499.8K
NOI $29,988 @ 7.0% cap · market cap 4.00%
Second Best
Mixed Use
$308.9K
$270.3K – $360.4K
NOI $21,622 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,696 @ 7.0% cap · market cap 11.56%
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
Location Intelligence
Trade Area within ½ mile
1,554
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 49%
Electronics 1%
Citibank
Shops & Services
14,764 visits/mo
0.5 miles
Pret A Manger
Dining
14,755 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
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 - Vacant space pairs ground-floor commercial use with a three-bedroom apartment on the level above.
Where is this mixed-use property located?
The property is located at 22029 Hempstead Avenue Queens Village, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,680‑square‑foot building on a 2,040‑square‑foot lot; Ground‑floor commercial space with a three‑bedroom apartment above; Full basement and open rear yard
