Mixed-Use Property with
52111 79th St, Elmhurst, NY 11373
For Sale
$1,400,000
The property combines two-family housing with a separate store or office component.
Property Size1,820 SF
Price / SF$769.23
Days on Market33
Property Features for 52111 79th St
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Mixed-Use Components
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Century 21 Sunshine Realty
Listed By:
Jimmy Q. Liu · License #31LI0944061
(718) 639-2100
Source:
Searchhomesinlongisland
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 2:10PM
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 Century 21 Sunshine Realty
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Investment Insights
Based on property information with market context.
This mixed-use property brings together two-family residential space and a store or office area. The building dates to 1945.
A bus stop is steps away, with a shopping center, schools, and local parks nearby. The residential portion is identified on 79th Street, while the commercial space is on Grand Avenue.
A bus stop is steps away, with a shopping center, schools, and local parks nearby. The residential portion is identified on 79th Street, while the commercial space is on Grand Avenue.
Key Highlights
- Two‑family residential space paired with a store or office area
- Building constructed in 1945
- Bus stop steps from the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,489
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,780
$889.8K
Cap Rate 7%
$635,557
$635.6K
Cap Rate 9%
$494,322
$494.3K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$84.1K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.9K $44.44/SF
− OpEx
−$36.4K −$20.00/SF
NOI
$44.5K $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 Rate 5%
$889,780
Cap Rate 7%
$635,557
Cap Rate 9%
$494,322
Alternative Uses
Best Use
Apartment 5plus
$635.6K
$556.1K – $741.5K
NOI $44,489 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$464.1K
$406.1K – $541.5K
NOI $32,487 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,921 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,758
Businesses Nearby
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Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines two-family housing with a separate store or office component.
Where is this mixed-use property located?
The property is located at 52111 79th St Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two‑family residential space paired with a store or office area; Building constructed in 1945; Bus stop steps from the property
