Two-Storefront Mixed-Use
75-40 Metropolitan Ave, Middle Village, NY 11379
For Sale
Contact for pricing
The two-story property combines neighborhood retail space with residential apartments.
Property Size3,910 SF
Lot Size0.11 Acres
Price / SF$818.41
Days on Market42
Property Features for 75-40 Metropolitan Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Road Access
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
East Coast New York Inc.
Listed By:
Eric Li · License #10301218578
(917) 974-0992
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 5:52PM
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 East Coast New York Inc.
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Investment Insights
Based on property information with market context.
At 75-40 Metropolitan Ave in Middle Village, this two-story mixed-use building contains 2 storefronts and 3 residential units. The structure measures ±3,910 SF on a ±4,700 SF site and was built in 1931. Commercial and residential spaces have remained occupied by a mix of tenants.
The laundromat lease runs through 2029, while the deli lease extends through 2033. The operating Amore Mia Laundromat business is also available for purchase with the property. The site is on Metropolitan Ave in Middle Village, NY 11379.
The laundromat lease runs through 2029, while the deli lease extends through 2033. The operating Amore Mia Laundromat business is also available for purchase with the property. The site is on Metropolitan Ave in Middle Village, NY 11379.
Key Highlights
- Two storefronts and 3 residential units
- Two‑story building with ±3,910 SF on a ±4,700 SF site
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,578
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,911,560
$1.9M
Cap Rate 7%
$1,365,400
$1.4M
Cap Rate 9%
$1,061,978
$1.1M
Market Conditions
NOI Build-Up for 3,910 SF
Gross rent
$180.6K $46.20/SF
− Vacancy
−$6.9K −$1.76/SF
EGI
$173.8K $44.44/SF
− OpEx
−$78.2K −$20.00/SF
NOI
$95.6K $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%
$1,911,560
Cap Rate 7%
$1,365,400
Cap Rate 9%
$1,061,978
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.19M – $1.59M
NOI $95,578 @ 7.0% cap · market cap 2.99%
Second Best
Retail
$997.1K
$872.4K – $1.16M
NOI $69,794 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,775 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 11379, NY
37,906
Population
15,237
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
84%
High-School Grad
2.2 sq mi
ZIP Area
17,230
Density / Sq Mi
$92,509
Median Household Income
$54,109
Median Earnings
$1,989
Median Rent
$886,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 two-story property combines neighborhood retail space with residential apartments.
Where is this mixed-use property located?
The property is located at 75-40 Metropolitan Ave Middle Village, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Two storefronts and 3 residential units; Two‑story building with ±3,910 SF on a ±4,700 SF site; Built in 1931
