Mixed-Use Building with
New
For Sale
$2,680,000
41-06 Broad Way, Queens, NY 11103
Four two-bedroom apartments sit above a pharmacy space leased across the first floor and basement.
Property Size3,750 SF
Days on Market7
Property Features for 41-06 Broad Way
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Mixed Use
Additional Details
Mixed-Use Components
retail, residential
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,120
Building Details
Building Size
3,750 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Ashford Homes LLC
Listed By:
Lin Liu · License #10401365972
(929) 364-1301
Source:
Serhant
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 4 at 8:06PM
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 Ashford Homes LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines four two-bedroom apartments with a ground-floor retail space and basement leased to a pharmacy. The building measures 25 by 50 feet, and the parcel measures 25 by 100 feet. The property is located at 41-06 Broad Way, Queens, NY 11103.
Key Highlights
- Four apartments, each with two bedrooms
- Pharmacy space leased on the first floor and in the basement
- Building measures 25'x50'; lot measures 25'x100'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,559
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,471,180
$3.5M
Cap Rate 7%
$2,479,414
$2.5M
Cap Rate 9%
$1,928,433
$1.9M
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$247.5K $66.00/SF
− Vacancy
−$16.1K −$4.29/SF
EGI
$231.4K $61.71/SF
− OpEx
−$57.9K −$15.43/SF
NOI
$173.6K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,471,180
Cap Rate 7%
$2,479,414
Cap Rate 9%
$1,928,433
Alternative Uses
Best Use
Specialty Retail
$2.48M
$2.17M – $2.89M
NOI $173,559 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,667 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$2.76M
$2.42M – $3.23M
NOI $193,518 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 11103, NY
37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
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 - Four two-bedroom apartments sit above a pharmacy space leased across the first floor and basement.
Where is this mixed-use property located?
The property is located at 41-06 Broad Way Queens, NY.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: Four apartments, each with two bedrooms; Pharmacy space leased on the first floor and in the basement; Building measures 25'x50'; lot measures 25'x100'
