Mixed-Use Retail and Residential
3812 111TH ST Flushing, NY 11368
3812 111TH ST, Flushing, NY, 11368
$2,990,000
For Sale
$2,990,000
Mixed-use property with ground-floor retail and five residential units, offering diversified income in a high-rental-demand area.
Property Size6,751 SF
Price / SF$442.90
Days on Market187
Property Features for 3812 111TH ST
General Information
- Standard status
- Active
- Size
- 6,751 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2014
Listing agency
B Square Realty
(646) 889-9988
Listed by
Li Li
(646) 889-9988
Source
Xome
Added: Jan 16 Updated: Jul 22 at 2:56PM Checked: Jul 22 at 2:56PM
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 B Square Realty
Investment Insights
Based on property information with market context.
This mixed-use property features one ground-floor retail space and five residential units, creating a diversified income stream. The asset is presented as an income-producing investment, with a stated 7.44% cap rate in the public remarks.
Located in Corona, Queens, the property is described as being just moments from major commercial corridors and everyday retail, with convenient access to subway lines and multiple bus routes. Public remarks also cite proximity to supermarkets, restaurants, schools, and parks.
For investors and operators seeking a single building that combines street-level retail with in-place residential units, this configuration offers a straightforward mix of commercial and residential cash flow within one address.
Located in Corona, Queens, the property is described as being just moments from major commercial corridors and everyday retail, with convenient access to subway lines and multiple bus routes. Public remarks also cite proximity to supermarkets, restaurants, schools, and parks.
For investors and operators seeking a single building that combines street-level retail with in-place residential units, this configuration offers a straightforward mix of commercial and residential cash flow within one address.
Key Highlights
- 7.44% cap rate mixed‑use investment with diversified income from ground‑floor retail and five residential units
- Built in 2014 mixed‑use building with one ground‑floor retail space plus five residential units
- One retail storefront and five residential units for a split income stream
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $311.9k | $46.20 |
| − Vacancy | −$11.9k | −$1.76 |
| EGI | $300.0k | $44.44 |
| − OpEx | −$135.0k | −$20.00 |
| NOI | $165.0k | $24.44 |
6,751 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.36M
$2.06M – $2.75M
NOI $165,024 @ 7.0% cap · market cap 5.52%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,505 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$4.98M
$4.35M – $5.81M
NOI $348,384 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Mixed-use property with ground-floor retail and five residential units, offering diversified income in a high-rental-demand area.
Where is this apartment building located?
The property is located at 3812 111TH ST Flushing, NY.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: 7.44% cap rate mixed‑use investment with diversified income from ground‑floor retail and five residential units; Built in 2014 mixed‑use building with one ground‑floor retail space plus five residential units; One retail storefront and five residential units for a split income stream
