Five-Story Mixed-Use
New
For Sale
$4,200,000
3526 150th Place, Flushing, NY 11354
Commercial space occupies the ground level, with four residential units above.
Property Size7,850 SF
Lot Size0.04 Acres
Price / SF$535.03
Days on Market2
Property Features for 3526 150th Place
General Information
Standard status
Active
Size
7,850 SF
Lot size
0.04 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/2BA, 1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$100,756
Amenities
washer/dryer
central air conditioning
balcony
Full
7
Yes
13
Other
Public
No
On Street
7850
Building Details
Building Size
7,850 SF
Year Built
2004
Buildings
1
Stories
5
Listing Agency:
Prospes Real Estate Corp
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:17PM
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
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Investment Insights
Based on property information with market context.
This five-story mixed-use property in Flushing combines ground-floor commercial space with four residential units. The commercial area measures approximately 2,000 square feet and includes two restrooms; the basement adds commercial space and another restroom. The building dates to 2004 and sits on a lot measuring approximately 18.6' x 104.76'.
The second and third floors each have four bedrooms, two full bathrooms, and front and rear balconies. Upper-floor residences include a two-bedroom, one-bathroom front duplex and a three-bedroom, two-bathroom rear duplex with a balcony. Residential amenities include washers, dryers, and central air conditioning.
The property is along Northern Boulevard in Flushing, amid restaurants, banks, supermarkets, and everyday services. The source also notes convenient transportation access.
The second and third floors each have four bedrooms, two full bathrooms, and front and rear balconies. Upper-floor residences include a two-bedroom, one-bathroom front duplex and a three-bedroom, two-bathroom rear duplex with a balcony. Residential amenities include washers, dryers, and central air conditioning.
The property is along Northern Boulevard in Flushing, amid restaurants, banks, supermarkets, and everyday services. The source also notes convenient transportation access.
Key Highlights
- Five‑story mixed‑use building constructed in 2004
- Approximately 2,000 square feet of ground‑floor commercial space with two restrooms
- Additional commercial area and one restroom in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,889
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
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
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 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
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $101,030 @ 7.0% cap · market cap 2.41%
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.
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Current Use
Lease Details
4
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space occupies the ground level, with four residential units above.
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; Approximately 2,000 square feet of ground‑floor commercial space with two restrooms; Additional commercial area and one restroom in the basement
