Mixed-Use Building with
For Sale
Contact for pricing
224-50 Braddock Ave, Jamaica, NY 11428
Commercial space combines office, retail, warehouse, and garage areas with two separately entered apartments.
Property Size4,000 SF
Price / SF$437.50
Days on Market146
Property Features for 224-50 Braddock Ave
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Industrial, Mixed Use, Multifamily, Office, Retail
Additional Details
Drive-In Doors
1
Building Details
Buildings
1
Stories
2
Listing Agency:
DGNY Commercial
Listed By:
Gary Pezza · License #NY10301223199
Source:
Crexi
Added: Apr 7
Changed: Aug 29
Last Checked: Aug 29 at 6:55PM
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 DGNY Commercial
Investment Insights
Based on property information with market context.
This approximately 4,000-square-foot mixed-use building combines first-floor commercial areas with residential space above. The lower level includes offices, retail area, warehouse space, and a garage with drive-in access. A basement provides storage and mechanical-room space.
The second floor contains two dwelling units with private entrances: one one-bedroom apartment and one two-bedroom apartment. The property is identified as Block 10758, Lot 19, at 224-50 Braddock Ave in Jamaica, New York.
The second floor contains two dwelling units with private entrances: one one-bedroom apartment and one two-bedroom apartment. The property is identified as Block 10758, Lot 19, at 224-50 Braddock Ave in Jamaica, New York.
Key Highlights
- Approximately 4,000 SF mixed‑use building
- First‑floor offices, retail area, warehouse space, and garage with drive‑in access
- Two second‑floor apartments with private entrances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,492
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,269,840
$1.3M
Cap Rate 7%
$907,029
$907.0K
Cap Rate 9%
$705,467
$705.5K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$105.6K $26.40/SF
− Vacancy
−$7.9K −$1.98/SF
EGI
$97.7K $24.42/SF
− OpEx
−$34.2K −$8.55/SF
NOI
$63.5K $15.87/SF
Area
Queens County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,269,840
Cap Rate 7%
$907,029
Cap Rate 9%
$705,467
Alternative Uses
Best Use
Flex RnD
$907.0K
$793.7K – $1.06M
NOI $63,492 @ 7.0% cap · market cap 3.63%
Second Best
Mixed Use
$735.4K
$643.5K – $858.0K
NOI $51,480 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
Demographics for 11428, NY
19,516
Population
6,335
Households
3.1
Avg Household Size
42
Median Age
28%
College-Educated
81%
High-School Grad
0.8 sq mi
ZIP Area
24,395
Density / Sq Mi
$84,977
Median Household Income
$42,146
Median Earnings
$1,827
Median Rent
$666,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space combines office, retail, warehouse, and garage areas with two separately entered apartments.
Where is this mixed-use property located?
The property is located at 224-50 Braddock Ave Jamaica, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 4,000 SF mixed‑use building; First‑floor offices, retail area, warehouse space, and garage with drive‑in access; Two second‑floor apartments with private entrances
