Mixed-Use Property with
For Sale
$1,550,000
76-05 101st Avenue, Ozone Park, NY 11416
Restaurant space occupies the ground floor and basement, with apartments on the second floor.
Property Size3,600 SF
Price / SF$430.56
Days on Market65
Property Features for 76-05 101st Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Zoning
R6B
Additional Details
Floor
Ground + Basement
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$19,669
Building Details
Building Size
3,600 SF
Year Built
1931
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Shahedul Islam · License #40IS0928558
(347) 475-2186
Source:
Croninreale
Added: Aug 21
Changed: Oct 23
Last Checked: Oct 23 at 3:57PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This 3,600-square-foot mixed-use property combines restaurant space on the ground floor and in the basement with four apartments on the second floor. The building dates to 1931 and is zoned R6B.
Located at 76-05 101st Avenue in Ozone Park, the property brings commercial and residential space together in one building.
Located at 76-05 101st Avenue in Ozone Park, the property brings commercial and residential space together in one building.
Key Highlights
- 3,600‑square‑foot mixed‑use property
- Ground‑floor and basement space configured for restaurant use
- Four apartments on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,000
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,760,000
$1.8M
Cap Rate 7%
$1,257,143
$1.3M
Cap Rate 9%
$977,778
$977.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$166.3K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$160.0K $44.44/SF
− OpEx
−$72.0K −$20.00/SF
NOI
$88.0K $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%
$1,760,000
Cap Rate 7%
$1,257,143
Cap Rate 9%
$977,778
Alternative Uses
Best Use
Specialty Retail
$2.38M
$2.08M – $2.78M
NOI $166,617 @ 7.0% cap · market cap 10.75%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
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Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant space occupies the ground floor and basement, with apartments on the second floor.
Where is this mixed-use property located?
The property is located at 76-05 101st Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 3,600‑square‑foot mixed‑use property; Ground‑floor and basement space configured for restaurant use; Four apartments on the second floor
