Mixed-Use Property with
3617 Greenpoint Avenue, Long Island City, NY 11101
For Sale
New
$1,800,000
Three residential units and an attached retail space are complemented by updated electrical systems.
Property Size3,200 SF
Price / SF$562.50
Days on Market3
Property Features for 3617 Greenpoint Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Amenities
Common
No
Yes
First Floor Bedroom
Public
3200
Building Details
Building Size
Year Built
Listing Agency:
(914) 788-6339
Listed By:
Evan Attinger
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 4:31PM
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 Evan Attinger
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Investment Insights
Based on property information with market context.
Built in 1931, this mixed-use property contains a three-family residence with an attached storefront. The building totals 3,200 square feet, and its electrical systems have been updated.
The property is steps from the LIRR station. All residential units are described as free-market rentals.
The property is steps from the LIRR station. All residential units are described as free-market rentals.
Key Highlights
- Three‑family residence with attached storefront
- 3,200‑square‑foot building
- Electrical systems updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,075
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,581,500
$1.6M
Cap Rate 7%
$1,129,643
$1.1M
Cap Rate 9%
$878,611
$878.6K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$122.9K $38.40/SF
− Vacancy
−$9.9K −$3.10/SF
EGI
$113.0K $35.30/SF
− OpEx
−$33.9K −$10.59/SF
NOI
$79.1K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,581,500
Cap Rate 7%
$1,129,643
Cap Rate 9%
$878,611
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$988.4K – $1.32M
NOI $79,075 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$1.12M
$977.8K – $1.30M
NOI $78,222 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,135 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,384
Businesses Nearby
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Business Placement
Demographics for 11101, NY
48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential units and an attached retail space are complemented by updated electrical systems.
Where is this mixed-use property located?
The property is located at 3617 Greenpoint Avenue Long Island City, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three‑family residence with attached storefront; 3,200‑square‑foot building; Electrical systems updated
