Mixed-Use Building with
For Sale
$2,995,000
4504 30TH AVE, Long Island City, NY 11103
Ground-floor commercial space is paired with residential units above in a flexible mixed-use configuration.
Property Size9,558 SF
Price / SF$313.35
Days on Market355
Property Features for 4504 30TH AVE
General Information
Standard status
Active
Size
9,558 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$74,852
Amenities
Window/Wall Unit
3
Building Details
Year Built
1931
Listing Agency:
NY Space Finders Inc
(718) 440-8162
Listed By:
Luca DiCiero · License #10351202702
(718) 440-8162
Source:
Xome
Added: Sep 11, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:52PM
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 NY Space Finders Inc
Investment Insights
Based on property information with market context.
This 9,558-square-foot mixed-use building combines ground-level retail with residential units on the floors above. The commercial portion may be delivered vacant, allowing the next owner to occupy or reposition that component while retaining the residential element. Interior features include window/wall units, and the property was constructed in 1931.
The building fronts 30th Avenue in Long Island City, New York. Its configuration brings commercial and residential uses together within one asset, with the retail space positioned at street level and the residential component providing rental income.
The building fronts 30th Avenue in Long Island City, New York. Its configuration brings commercial and residential uses together within one asset, with the retail space positioned at street level and the residential component providing rental income.
Key Highlights
- 9,558‑square‑foot mixed‑use building
- Ground‑floor retail with residential units above
- Commercial space may be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$233,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,672,800
$4.7M
Cap Rate 7%
$3,337,714
$3.3M
Cap Rate 9%
$2,596,000
$2.6M
Market Conditions
NOI Build-Up for 9,558 SF
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.
Gross rent
$441.6K $46.20/SF
− Vacancy
−$16.8K −$1.76/SF
EGI
$424.8K $44.44/SF
− OpEx
−$191.2K −$20.00/SF
NOI
$233.6K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,672,800
Cap Rate 7%
$3,337,714
Cap Rate 9%
$2,596,000
Alternative Uses
Best Use
Apartment 5plus
$3.34M
$2.92M – $3.89M
NOI $233,640 @ 7.0% cap · market cap 7.80%
Second Best
Retail
$2.44M
$2.13M – $2.84M
NOI $170,610 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$7.05M
$6.17M – $8.22M
NOI $493,239 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,096
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
Market
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 - Ground-floor commercial space is paired with residential units above in a flexible mixed-use configuration.
Where is this mixed-use property located?
The property is located at 4504 30TH AVE Long Island City, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 9,558‑square‑foot mixed‑use building; Ground‑floor retail with residential units above; Commercial space may be delivered vacant
