Two-Story Mixed-Use
New
For Sale
$1,850,000
83-13 BROADWAY, Queens, NY 11373
Residential, Queens, NY
Property Size2,576 SF
Price / SF$718.17
Days on Market2
Property Features for 83-13 BROADWAY
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Subdivision
Elmhurst
View
City
High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
Size
2,576 SF
Taxes and HOA fees
Tax Annual Amount
10572
Building Details
Year built
1931
Floors in Building
2
Listing Agency:
Serhant LLC
Listed By:
Ryan Serhant
(646) 480-7665
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 5 at 5:06AM
MLS# 1047125
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1931, this two-story mixed-use property contains 2,576 SF of commercial and residential space. The building includes a long-term restaurant tenant alongside two free-market residential units that are currently vacant.
The property is located at 83-13 Broadway in Elmhurst, Queens, NY 11373. Its configuration combines an operating restaurant component with residential space in a single building, offering a straightforward mixed-use layout for users evaluating both commercial and residential occupancy.
The property is located at 83-13 Broadway in Elmhurst, Queens, NY 11373. Its configuration combines an operating restaurant component with residential space in a single building, offering a straightforward mixed-use layout for users evaluating both commercial and residential occupancy.
Key Highlights
- 2,576 SF mixed‑use property
- Two‑story building constructed in 1931
- Long‑term restaurant tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$119,224
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,384,480
$2.4M
Cap Rate 7%
$1,703,200
$1.7M
Cap Rate 9%
$1,324,711
$1.3M
Market Conditions
NOI Build-Up for 2,576 SF
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.
Gross rent
$170.0K $66.00/SF
− Vacancy
−$11.1K −$4.29/SF
EGI
$159.0K $61.71/SF
− OpEx
−$39.7K −$15.43/SF
NOI
$119.2K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,384,480
Cap Rate 7%
$1,703,200
Cap Rate 9%
$1,324,711
Alternative Uses
Best Use
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,224 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$899.6K
$787.1K – $1.05M
NOI $62,969 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $132,934 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,526
Businesses Nearby
180k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 34%
Home Improvements & Furnishings 9%
Groceries 5%
McDonald's
Dining
42,064 visits/mo
0.3 miles
Chase Bank
Shops & Services
20,943 visits/mo
0.4 miles
Speedway
Shops & Services
19,441 visits/mo
0.4 miles
Citibank
Shops & Services
16,364 visits/mo
0.4 miles
TD Bank
Shops & Services
16,130 visits/mo
0.4 miles
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines a restaurant tenancy with two vacant free-market residential units.
Where is this mixed-use property located?
The property is located at 83-13 BROADWAY 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: 2,576 SF mixed‑use property; Two‑story building constructed in 1931; Long‑term restaurant tenant in place
