Three-Story Mixed-Use
For Sale
Contact for pricing
36-26A Union Street, New York, NY 11354
C4-3-zoned commercial property near Main Street transit, the LIRR, bus routes, restaurants, retailers, banks, and supermarkets.
Property Size3,000 SF
Lot Size0.03 Acres
Price / SF$1,060
Days on Market149
Property Features for 36-26A Union Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.03 Acres
Property subtype
Mixed Use, Retail
Zoning
C4-3
Additional Details
Public Transit
Yes
Building Details
Year Built
1983
Buildings
1
Stories
3
Building Size
3,000 SF
Listing Agency:
E Realty International Corp
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Source:
Crexi
Added: Apr 7
Changed: Aug 30
Last Checked: Sep 1 at 5:30PM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This three-story mixed-use commercial property contains approximately 3,000 SF of interior space on a 1,500 SF lot measuring 15.67 × 87.67. Constructed in 1983, the building carries C4-3 zoning and is located at 36-26A Union Street.
The property is near Northern Blvd and within a 5-minute walk of Main Street, the 7 train, and the LIRR. Multiple bus lines provide additional transit connections. The surrounding commercial setting includes restaurants, retail shops, banks, and supermarkets.
The property is near Northern Blvd and within a 5-minute walk of Main Street, the 7 train, and the LIRR. Multiple bus lines provide additional transit connections. The surrounding commercial setting includes restaurants, retail shops, banks, and supermarkets.
Key Highlights
- Approximately 3,000 SF of interior space
- 1,500 SF lot measuring 15.67 × 87.67
- Three‑story commercial property built in 1983
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
$95,625
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
3.01%
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%
$1,912,500
$1.9M
Cap Rate 7%
$1,366,071
$1.4M
Cap Rate 9%
$1,062,500
$1.1M
Market Conditions
NOI Build-Up for 3,000 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
$180.0K $60.00/SF
− Vacancy
−$27.0K −$9.00/SF
EGI
$153.0K $51.00/SF
− OpEx
−$57.4K −$19.13/SF
NOI
$95.6K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,912,500
Cap Rate 7%
$1,366,071
Cap Rate 9%
$1,062,500
Alternative Uses
Best Use
Retail
$6.03M
$5.28M – $7.04M
NOI $422,174 @ 7.0% cap · market cap 13.28%
Second Best
Mixed Use
$1.37M
$1.20M – $1.59M
NOI $95,625 @ 7.0% cap · market cap 3.01%
Theoretical Best
Specialty Retail
$7.47M
$6.53M – $8.71M
NOI $522,720 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,334
Businesses Nearby
335k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 33%
Shops & Services 15%
Hotels & Casinos 8%
Stop & Shop
Groceries
58,603 visits/mo
0.4 miles
H Mart
Groceries
42,194 visits/mo
0.3 miles
H Mart
Groceries
42,072 visits/mo
0.5 miles
McDonald's
Dining
31,361 visits/mo
0.4 miles
Shell
Shops & Services
21,073 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C4-3-zoned commercial property near Main Street transit, the LIRR, bus routes, restaurants, retailers, banks, and supermarkets.
Where is this mixed-use property located?
The property is located at 36-26A Union Street New York, NY.
What is the asking price?
The asking price for this property is $3,180,000.
What are key features of this property?
This property features: Approximately 3,000 SF of interior space; 1,500 SF lot measuring 15.67 × 87.67; Three‑story commercial property built in 1983
