Mixed-Use Building Near
40-42 82nd St Queens, NY 11373
40-42 82nd St, Queens, NY, 11373
Contact for pricing
For Sale
Contact for pricing
Pending
Mixed-use building near subway and retail in Queens.
Property Size4,572 SF
Lot Size0.05 Acres
Days on Market1550
Property Features for 40-42 82nd St
General Information
- Standard status
- Pending
- Size
- 4,572 SF
- Lot size
- 0.05 Acres
- Property subtype
- Mixed Use, Retail
Listing agency
East Coast New York Inc.
(917) 974-0992
Listed by
Eric Li · License #10301218578
Source
Crexi
Added: Apr 25, 2022 Updated: Jul 6 at 8:33AM Checked: Jul 20 at 6:05AM
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 East Coast New York Inc.
Investment Insights
Based on property information with market context.
This mixed-use building is located one block from the 82nd Street subway station, which services the 7 train and has an annual ridership of over 5 million. It is also a short distance from the 74 Street - Broadway Train station, with access to the 7, E, F, M, and R lines. The property is half a block from Elmhurst Hospital and across the street from a new retail development that includes Target, Chipotle Mexican Grill, Starbucks, Chick-Fil-A, and Smash Burger. Situated at the heart of 82nd Street, the primary shopping corridor for Jackson Heights and Elmhurst, the building is surrounded by national retailers in a densely populated neighborhood. The lot size is 20 x 100, and the building size is 20 x 84 irregular, totaling 4,344 square feet across three floors. The zoning is R6/C1-3, with a FAR of 2.43 for residential and 4.8 for facility use. The property requires some work and presents a huge upside potential. The tax is $32,617.
Key Highlights
- Prime location in the heart of 82nd Street shopping corridor, surrounded by national retailers.
- High‑traffic location: One block to the 82nd Street subway station (7 train) and short distance to the 74 Street - Broadway Train station (7, E, F, M, R).
- Close proximity to Elmhurst Hospital.
Local Financial Insights For Retail
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 | $137.2k | $30.00 |
| − Vacancy | −$20.6k | −$4.50 |
| EGI | $116.6k | $25.50 |
| − OpEx | −$35.0k | −$7.65 |
| NOI | $81.6k | $17.85 |
4,572 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,610 @ 7.0% cap · market cap 2.86%
Second Best
Mixed Use
$840.6K
$735.5K – $980.7K
NOI $58,842 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,937 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building near subway and retail in Queens.
Where is this mixed-use property located?
The property is located at 40-42 82nd St Queens, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Prime location in the heart of 82nd Street shopping corridor, surrounded by national retailers.; High‑traffic location: One block to the 82nd Street subway station (7 train) and short distance to the 74 Street - Broadway Train station (7, E, F, M, R).; Close proximity to Elmhurst Hospital.
