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 Market6
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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'
