Mixed-Use Building with
For Sale
$2,000,000
45-38 162nd Street, New York, NY 11358
A vacant brick property combines ground-floor commercial space with an upper-level apartment and full basement.
Property Size2,600 SF
Price / SF$769.23
Days on Market19
Property Features for 45-38 162nd Street
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Flushing
Mixed-Use Components
retail, residential
Amenities
private rear yard
full open basement
Building Details
Year Built
1920
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Keller Williams Rlty Landmark
(718) 475-2700
Listed By:
Ross A. Keit CBR SRES SFR GREEN CR · License #10491213913
(718) 490-4885
Source:
Neilcharlesrealestate
Added: Oct 12
Changed: Oct 30
Last Checked: Oct 30 at 1:57AM
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 Keller Williams Rlty Landmark
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this brick mixed-use building has a retail storefront and approximately three to four additional rooms on the first floor. The second floor contains a six-room apartment, and a full, open basement adds further interior space. The property is vacant and sits on an approximately 40-by-100-foot lot.
The building is at 45-38 162nd Street in Queens, near shopping, restaurants, public transportation, and the LIRR.
The building is at 45-38 162nd Street in Queens, near shopping, restaurants, public transportation, and the LIRR.
Key Highlights
- Vacant brick mixed‑use property with commercial and residential space
- First floor includes a storefront and approximately 3–4 additional rooms
- Second‑floor apartment has 6 rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,875
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,657,500
$1.7M
Cap Rate 7%
$1,183,929
$1.2M
Cap Rate 9%
$920,833
$920.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$156.0K $60.00/SF
− Vacancy
−$23.4K −$9.00/SF
EGI
$132.6K $51.00/SF
− OpEx
−$49.7K −$19.13/SF
NOI
$82.9K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,657,500
Cap Rate 7%
$1,183,929
Cap Rate 9%
$920,833
Alternative Uses
Best Use
Retail
$5.23M
$4.57M – $6.10M
NOI $365,884 @ 7.0% cap · market cap 18.29%
Second Best
Mixed Use
$1.18M
$1.04M – $1.38M
NOI $82,875 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$6.47M
$5.66M – $7.55M
NOI $453,024 @ 7.0% cap · market cap 22.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,335
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 10%
Electronics 4%
7-Eleven
Shops & Services
17,042 visits/mo
0.1 miles
Sunoco
Shops & Services
9,107 visits/mo
0.4 miles
Dunkin' Donuts
Dining
3,201 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,675 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,294 visits/mo
0.4 miles
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant brick property combines ground-floor commercial space with an upper-level apartment and full basement.
Where is this mixed-use property located?
The property is located at 45-38 162nd Street New York, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Vacant brick mixed‑use property with commercial and residential space; First floor includes a storefront and approximately 3–4 additional rooms; Second‑floor apartment has 6 rooms
