Five-Story Mixed-Use
For Sale
$4,200,000
3526 150th Place, Flushing, NY 11354
Commercial space and four residential units support a combined-use configuration.
Property Size7,850 SF
Lot Size0.04 Acres
Price / SF$535.03
Days on Market33
Property Features for 3526 150th Place
General Information
Standard status
Active
Size
7,850 SF
Lot size
0.04 Acres
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$100,756
Building Details
Building Size
7,850 SF
Year Built
2004
Buildings
1
Stories
5
Listing Agency:
Prospes Real Estate Corp
(347) 885-8668
Listed By:
Huanyan Li
Source:
Cbwarburg
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 30 at 4:22AM
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 Prospes Real Estate Corp
Investment Insights
Based on property information with market context.
This five-story mixed-use property combines commercial and residential components in a single building constructed in 2004. The first floor contains approximately 2,000 square feet of commercial space with two restrooms, while the basement adds commercial area and one restroom. The residential component includes four units. The second and third floors each provide four bedrooms, two full bathrooms, and front and rear balconies. Upper-level residences are arranged as front-and-rear duplexes, including a two-bedroom, one-bath front apartment and a three-bedroom, two-bath rear apartment with a balcony. Residential features include washers, dryers, and central air conditioning.
The property occupies an approximately 18.6' x 104.76' lot, with a building measuring approximately 18.6' x 82'. It is located along Northern Boulevard in Flushing's established commercial district, near restaurants, banks, supermarkets, daily services, and transportation.
The property occupies an approximately 18.6' x 104.76' lot, with a building measuring approximately 18.6' x 82'. It is located along Northern Boulevard in Flushing's established commercial district, near restaurants, banks, supermarkets, daily services, and transportation.
Key Highlights
- Five‑story mixed‑use building constructed in 2004
- First‑floor commercial space of approximately 2,000 square feet with two restrooms
- Basement commercial area with one restroom
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
$191,889
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
4.57%
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%
$3,837,780
$3.8M
Cap Rate 7%
$2,741,271
$2.7M
Cap Rate 9%
$2,132,100
$2.1M
Market Conditions
NOI Build-Up for 7,850 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
$362.7K $46.20/SF
− Vacancy
−$13.8K −$1.76/SF
EGI
$348.9K $44.44/SF
− OpEx
−$157.0K −$20.00/SF
NOI
$191.9K $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 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%
$3,837,780
Cap Rate 7%
$2,741,271
Cap Rate 9%
$2,132,100
Alternative Uses
Best Use
Apartment 5plus
$2.74M
$2.40M – $3.20M
NOI $191,889 @ 7.0% cap · market cap 4.57%
Second Best
Retail
$2.00M
$1.75M – $2.34M
NOI $140,123 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$5.79M
$5.06M – $6.75M
NOI $405,098 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,991
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and four residential units support a combined-use configuration.
Where is this mixed-use property located?
The property is located at 3526 150th Place Flushing, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Five‑story mixed‑use building constructed in 2004; First‑floor commercial space of approximately 2,000 square feet with two restrooms; Basement commercial area with one restroom
