Three-Story Mixed-Use
6808 Fresh Pond Road, Queens, NY 11385
For Sale
$1,850,000
The property is currently operating as a laundromat near Fresh Pond Road’s commercial corridor.
Property Size3,600 SF
Lot Size0.04 Acres
Price / SF$513.89
Days on Market98
Property Features for 6808 Fresh Pond Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Public Transit
Mixed-Use Components
Additional Details
Multifamily Units
Currently Operating
Amenities
Concrete
Hot Water Coil in Boiler
3
Gas
Unfinished
Back
Brick
3600
Block
20.00
20
60.00
91
Yes
Building Details
Buildings
Stories
Listing Agency:
Efocus Team Real Estate Inc
Listed By:
Chun Ying (Emily) Chen
(347) 882-1913
Source:
Suitsre
Added: Aug 9
Changed: Nov 13
Last Checked: Nov 13 at 4:19AM
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 Efocus Team Real Estate Inc
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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.
This three-story mixed-use building measures approximately 3,600 SF and occupies a 20'x91' lot. The building measures 20'x60' and is identified as NYC building class S2, a two-family dwelling with store or office space. It is currently operated as a laundromat.
The property is in Ridgewood, Queens, near the Fresh Pond Road commercial corridor. The M train’s Fresh Pond Road station is described as steps away, and bus routes along Fresh Pond Road provide connections to Brooklyn and Manhattan. I-495 and the Jackie Robinson Parkway are also accessible from the area.
The property is in Ridgewood, Queens, near the Fresh Pond Road commercial corridor. The M train’s Fresh Pond Road station is described as steps away, and bus routes along Fresh Pond Road provide connections to Brooklyn and Manhattan. I-495 and the Jackie Robinson Parkway are also accessible from the area.
Key Highlights
- Approximately 3,600 SF in a three‑story mixed‑use building
- 20'x60' building on a 20'x91' lot
- NYC building class S2: two‑family dwelling with store/office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,260
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,285,200
$1.3M
Cap Rate 7%
$918,000
$918.0K
Cap Rate 9%
$714,000
$714.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$108.0K $30.00/SF
− Vacancy
−$16.2K −$4.50/SF
EGI
$91.8K $25.50/SF
− OpEx
−$27.5K −$7.65/SF
NOI
$64.3K $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 Rate 5%
$1,285,200
Cap Rate 7%
$918,000
Cap Rate 9%
$714,000
Alternative Uses
Best Use
Retail
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 3.47%
Second Best
Mixed Use
$661.9K
$579.2K – $772.2K
NOI $46,332 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,275
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Dining 29%
Shops & Services 19%
Stop & Shop
Groceries
45,201 visits/mo
0.2 miles
McDonald's
Dining
29,902 visits/mo
0.5 miles
Key Food
Groceries
16,993 visits/mo
0.5 miles
Chase Bank
Shops & Services
10,079 visits/mo
0.4 miles
BP
Shops & Services
9,090 visits/mo
0.1 miles
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Properties on Market for Mixed-use properties in Queens
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property is currently operating as a laundromat near Fresh Pond Road’s commercial corridor.
Where is this mixed-use property located?
The property is located at 6808 Fresh Pond Road Queens, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Approximately 3,600 SF in a three‑story mixed‑use building; 20'x60' building on a 20'x91' lot; NYC building class S2: two‑family dwelling with store/office
