Two-Story Mixed-Use
For Sale
$1,538,888
45-09 104th Street, New York, NY 11368
Street-facing retail space pairs with residential units and separate entrances.
Property Size2,360 SF
Price / SF$652.07
Days on Market10
Property Features for 45-09 104th Street
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Mixed Use
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,995
Amenities
Window/Wall Unit
Parking.
On Street.
Building Details
Year Built
1901
Buildings
1
Stories
2
Listing Agency:
Prominent Properties Sotheby's
(201) 647-3603
Listed By:
Norma Bonilla · License #3432066
(201) 647-3603
Source:
Xome
Added: Jul 26
Changed: Aug 3
Last Checked: Aug 4 at 2:57AM
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 Prominent Properties Sotheby's
Investment Insights
Based on property information with market context.
Built in 1901, this 2360-square-foot mixed-use building combines a ground-floor commercial space with residential accommodations above. The property contains 5 bedrooms and 3.5 bathrooms overall. A rear two-bedroom, one-bath apartment occupies part of the first floor and connects to the private backyard, while the second level is arranged as a three-bedroom, two-bath residence. That upper-floor layout can be restored to two separate apartments. Updated second-floor bathrooms, hardwood flooring, several living areas, and a separate kitchen with gas range, tile backsplash, and cabinetry add functional interior features. Residential and commercial areas have separate entrances and utility meters.
The rear outdoor area includes a paved patio and garden space. A large unfinished basement provides storage capacity. The property is approximately 0.2 miles from the 103 St–Corona Plaza subway access and neighborhood retail corridor, 0.7 miles from Flushing Meadows–Corona Park, and within 1.1 miles of Citi Field.
The rear outdoor area includes a paved patio and garden space. A large unfinished basement provides storage capacity. The property is approximately 0.2 miles from the 103 St–Corona Plaza subway access and neighborhood retail corridor, 0.7 miles from Flushing Meadows–Corona Park, and within 1.1 miles of Citi Field.
Key Highlights
- 2360‑square‑foot two‑story mixed‑use building constructed in 1901
- Ground‑floor commercial space plus 5 bedrooms and 3.5 bathrooms
- Second‑floor layout can be converted back into two separate apartments
Financial Insights For Mixed Use
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 | $141.6k | $60.00 |
| − Vacancy | −$21.2k | −$9.00 |
| EGI | $120.4k | $51.00 |
| − OpEx | −$45.1k | −$19.13 |
| NOI | $75.2k | $31.88 |
2,360 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$4.74M
$4.15M – $5.54M
NOI $332,110 @ 7.0% cap · market cap 21.58%
Second Best
Mixed Use
$1.07M
$940.3K – $1.25M
NOI $75,225 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$5.87M
$5.14M – $6.85M
NOI $411,206 @ 7.0% cap · market cap 26.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,946
Businesses Nearby
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
Market
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-facing retail space pairs with residential units and separate entrances.
Where is this mixed-use property located?
The property is located at 45-09 104th Street New York, NY.
What is the asking price?
The asking price for this property is $1,538,888.
What are key features of this property?
This property features: 2360‑square‑foot two‑story mixed‑use building constructed in 1901; Ground‑floor commercial space plus 5 bedrooms and 3.5 bathrooms; Second‑floor layout can be converted back into two separate apartments
