Mixed-Use
For Sale
$860,000
62-98 Woodhaven Blvd #S1, Rego Park, NY 11374
Property includes electric service and forced-air heating supported by natural gas.
Property Size1,671 SF
Days on Market169
Property Features for 62-98 Woodhaven Blvd #S1
General Information
Standard status
Active
Size
1,671 SF
Taxes and HOA fees
Annual Taxes
$1,526
Amenities
Electric
Forced Air, Natural Gas
Building Details
Building Size
1,671 SF
Listing Agency:
P R O Links Realty Inc
Listed By:
Siang Liu
(917) 418-8233
Source:
Evrealestate
Added: Mar 18
Changed: Sep 2
Last Checked: Aug 30 at 2:59PM
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 P R O Links Realty Inc
Investment Insights
Based on property information with market context.
The mixed-use property is located at 62-98 Woodhaven Blvd #S1 in Rego Park, Queens, New York. Interior systems include electric service and forced-air heating with natural gas.
Key Highlights
- 62‑98 Woodhaven Blvd #S1, Rego Park, NY 11374
- Electric service
- Forced‑air heating
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
$29,827
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
3.47%
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%
$596,540
$596.5K
Cap Rate 7%
$426,100
$426.1K
Cap Rate 9%
$331,411
$331.4K
Market Conditions
NOI Build-Up for 1,671 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
$50.1K $30.00/SF
− Vacancy
−$7.5K −$4.50/SF
EGI
$42.6K $25.50/SF
− OpEx
−$12.8K −$7.65/SF
NOI
$29.8K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$596,540
Cap Rate 7%
$426,100
Cap Rate 9%
$331,411
Alternative Uses
Best Use
Retail
$426.1K
$372.8K – $497.1K
NOI $29,827 @ 7.0% cap · market cap 3.47%
Second Best
Mixed Use
$307.2K
$268.8K – $358.4K
NOI $21,506 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,232 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,083
Businesses Nearby
428k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Apparel 32%
Shops & Services 21%
Groceries 4%
JCPenney
Apparel
137,981 visits/mo
0.5 miles
Olive Garden
Dining
72,662 visits/mo
0.4 miles
Dunkin' Donuts
Dining
41,038 visits/mo
0.4 miles
BP
Shops & Services
32,450 visits/mo
0.1 miles
White Castle
Dining
21,521 visits/mo
0.4 miles
Demographics for 11374, NY
47,129
Population
21,197
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
52,366
Density / Sq Mi
$86,333
Median Household Income
$58,309
Median Earnings
$1,957
Median Rent
$484,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Property includes electric service and forced-air heating supported by natural gas.
Where is this mixed-use property located?
The property is located at 62-98 Woodhaven Blvd #S1 Rego Park, NY.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 62‑98 Woodhaven Blvd #S1, Rego Park, NY 11374; Electric service; Forced‑air heating
