Detached Mixed-Use
52-24 35th Street, Queens, NY 11101
For Sale
Contact for pricing
Vacant two-level building with an updated kitchen, exposed brick, and wood floors.
Property Size1,650 SF
Price / SF$454.55
Days on Market19
Property Features for 52-24 35th Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Road Access
Building Details
Buildings
Stories
Listing Agency:
Real Broker NY LLC
Listed By:
Devon Benedict · License NY #10401305942
(855) 450-0442
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 10 at 6:49AM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This detached, vacant mixed-use building contains approximately 1,650 SF across two floors, with 825 SF on each level. The interior is partially renovated and features exposed brick, wood flooring, and an updated kitchen with stainless steel appliances.
The property is zoned M1-1 and carries an existing Lodge Room (P2) classification. Commercial, creative, office, studio, fitness, meeting, and food-related uses are identified as possibilities, subject to applicable approvals. Buyers should verify zoning, permitted uses, occupancy, and suitability with appropriate professionals.
The property is zoned M1-1 and carries an existing Lodge Room (P2) classification. Commercial, creative, office, studio, fitness, meeting, and food-related uses are identified as possibilities, subject to applicable approvals. Buyers should verify zoning, permitted uses, occupancy, and suitability with appropriate professionals.
Key Highlights
- Detached building offered vacant
- Approximately 1,650 SF in total, with 825 SF per floor
- M1‑1 zoning and existing Lodge Room (P2) classification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,324
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,480
$1.1M
Cap Rate 7%
$776,057
$776.1K
Cap Rate 9%
$603,600
$603.6K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$83.2K $50.40/SF
− Vacancy
−$10.7K −$6.50/SF
EGI
$72.4K $43.90/SF
− OpEx
−$18.1K −$10.97/SF
NOI
$54.3K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,480
Cap Rate 7%
$776,057
Cap Rate 9%
$603,600
Alternative Uses
Best Use
Office B
$776.1K
$679.1K – $905.4K
NOI $54,324 @ 7.0% cap · market cap 7.24%
Second Best
Mixed Use
$303.4K
$265.5K – $353.9K
NOI $21,236 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,148 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 11101, NY
48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Queens
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant two-level building with an updated kitchen, exposed brick, and wood floors.
Where is this mixed-use property located?
The property is located at 52-24 35th Street Queens, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Detached building offered vacant; Approximately 1,650 SF in total, with 825 SF per floor; M1‑1 zoning and existing Lodge Room (P2) classification
