Mixed-Use Building with Retail and
New
For Sale
Contact for pricing
6913 164th St, Fresh Meadows, NY 11365
The property is fully leased, with tenant agreements that include annual rent increases.
Property Size24,928 SF
Price / SF$497.39
Days on Market3
Property Features for 6913 164th St
General Information
Standard status
Active
Size
24,928 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Mixed-Use Components
retail, office
Tenant in Place
Yes
Property Use
Mixed-Use
Building Details
Year Renovated
2015
Listing Agency:
American Investment Properties, Inc.
(516) 393-2300
Listed By:
Ron Koenigsberg · License #31K00933350
(516) 993-7252
Source:
Moodyscre
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 28 at 3:26PM
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 American Investment Properties, Inc.
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Investment Insights
Based on property information with market context.
This mixed-use building combines retail and office space across 24,928 square feet. Renovated in 2015, it is fully leased, with in-place agreements providing for 3.5% annual rent increases.
The property is on 164th St in Fresh Meadows, New York, within a retail corridor near national credit tenants.
The property is on 164th St in Fresh Meadows, New York, within a retail corridor near national credit tenants.
Key Highlights
- 24,928‑square‑foot mixed‑use retail and office building
- 100% leased
- Renovated in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$444,965
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,899,300
$8.9M
Cap Rate 7%
$6,356,643
$6.4M
Cap Rate 9%
$4,944,056
$4.9M
Market Conditions
NOI Build-Up for 24,928 SF
Gross rent
$747.8K $30.00/SF
− Vacancy
−$112.2K −$4.50/SF
EGI
$635.7K $25.50/SF
− OpEx
−$190.7K −$7.65/SF
NOI
$445.0K $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%
$8,899,300
Cap Rate 7%
$6,356,643
Cap Rate 9%
$4,944,056
Alternative Uses
Best Use
Retail
$6.36M
$5.56M – $7.42M
NOI $444,965 @ 7.0% cap · market cap 3.59%
Second Best
Mixed Use
$4.58M
$4.01M – $5.35M
NOI $320,823 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$18.38M
$16.08M – $21.44M
NOI $1,286,404 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,796
Businesses Nearby
130k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 37%
Shops & Services 22%
McDonald's
Dining
46,508 visits/mo
0.5 miles
Key Food Marketplace
Groceries
28,628 visits/mo
0.5 miles
Key Food Supermarkets
Groceries
19,308 visits/mo
0.1 miles
BP
Shops & Services
19,024 visits/mo
0.5 miles
Chase Bank
Shops & Services
9,236 visits/mo
0.5 miles
Demographics for 11365, NY
46,908
Population
16,626
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
2.5 sq mi
ZIP Area
18,763
Density / Sq Mi
$85,375
Median Household Income
$51,458
Median Earnings
$1,869
Median Rent
$911,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property is fully leased, with tenant agreements that include annual rent increases.
Where is this mixed-use property located?
The property is located at 6913 164th St Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $12,399,000.
What are key features of this property?
This property features: 24,928‑square‑foot mixed‑use retail and office building; 100% leased; Renovated in 2015
