Corner Mixed-Use
7317 164TH ST Flushing, NY 11366
For Sale
$2,550,000
Corner mixed-use building with a fully equipped restaurant space, parking, and residential units across multiple floors.
Property Size4,400 SF
Price / SF$579.55
Days on Market282
Property Features for 7317 164TH ST
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Mixed Use
Listing Agency:
Goldstone N Y Realty LLC
(646) 731-8258
Listed By:
Yunzhong Sun
(646) 731-8258
Source:
Xome
Added: Oct 16, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:36AM
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 Goldstone N Y Realty LLC
Investment Insights
Based on property information with market context.
This corner mixed-use property combines commercial and residential/office components within a single building. The ground floor features approximately 2,500 SF configured as a fully equipped restaurant, along with rear parking and an additional approximately 750 SF garage area. The second floor includes residential/office space with four bedrooms, 1.5 bathrooms, and a large private terrace of approximately 1,000 SF. The third floor provides additional residential space with three bedrooms and one full bathroom. The garage is currently rented for $1,600 per month, and the property can be delivered vacant.
The building is positioned on a wide main road on 164th Street in Fresh Meadows, offering direct corner access. A Q65 bus stop is at the corner with multiple bus lines nearby, and the Union Turnpike area is about three blocks away.
The layout supports flexible ownership as either an investment or an owner-user setup, with income from the rented garage and clearly separated uses across the building’s levels.
The building is positioned on a wide main road on 164th Street in Fresh Meadows, offering direct corner access. A Q65 bus stop is at the corner with multiple bus lines nearby, and the Union Turnpike area is about three blocks away.
The layout supports flexible ownership as either an investment or an owner-user setup, with income from the rented garage and clearly separated uses across the building’s levels.
Key Highlights
- Mixed‑use corner building on 164th Street in Fresh Meadows with ground‑floor restaurant and residential/office space on upper floors
- Ground‑floor commercial space: approx. 2,500 SF, fully equipped restaurant setup, plus rear parking and approx. 750 SF garage
- Second floor offers 4 bedrooms and 1.5 bathrooms, plus a private terrace of approx. 1,000 SF
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $290.4k | $66.00 |
| − Vacancy | −$18.9k | −$4.29 |
| EGI | $271.5k | $61.71 |
| − OpEx | −$67.9k | −$15.43 |
| NOI | $203.6k | $46.28 |
4,400 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.91M
$2.55M – $3.39M
NOI $203,643 @ 7.0% cap · market cap 7.99%
Second Best
Office B
$2.07M
$1.81M – $2.41M
NOI $144,865 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $227,061 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Mixed-use property - Corner mixed-use building with a fully equipped restaurant space, parking, and residential units across multiple floors.
Where is this mixed-use property located?
The property is located at 7317 164TH ST Flushing, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Mixed‑use corner building on 164th Street in Fresh Meadows with ground‑floor restaurant and residential/office space on upper floors; Ground‑floor commercial space: approx. 2,500 SF, fully equipped restaurant setup, plus rear parking and approx. 750 SF garage; Second floor offers 4 bedrooms and 1.5 bathrooms, plus a private terrace of approx. 1,000 SF
