Mixed-Use Property with
83-15 Grand Avenue, Elmhurst, NY 11373
For Sale
Contact for pricing
A street-level commercial area is paired with additional tall basement space for storage or work use.
Property Size2,964 SF
Price / SF$1.86
Days on Market46
Property Features for 83-15 Grand Avenue
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
N & H Realty Group Inc
Listed By:
Nan Zhang · License #10311206308
(718) 902-8992
Source:
Neilcharlesrealestate
Added: Sep 24
Changed: Nov 7
Last Checked: Nov 7 at 3:14PM
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 N & H Realty Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 83-15 Grand Avenue, this mixed-use property includes more than 1,450 square feet of commercial space and approximately 700 square feet of tall basement area. The basement can serve as storage or workspace. The building dates to 1950.
A bus stop is positioned directly in front of the property on Grand Avenue.
A bus stop is positioned directly in front of the property on Grand Avenue.
Key Highlights
- More than 1,450 square feet of commercial space
- Approximately 700 square feet of tall basement space
- Bus stop directly in front of 83‑15 Grand Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,147
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,940
$762.9K
Cap Rate 7%
$544,957
$545.0K
Cap Rate 9%
$423,856
$423.9K
Market Conditions
NOI Build-Up for 2,964 SF
Gross rent
$71.1K $24.00/SF
− Vacancy
−$10.1K −$3.41/SF
EGI
$61.0K $20.59/SF
− OpEx
−$22.9K −$7.72/SF
NOI
$38.1K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,940
Cap Rate 7%
$544,957
Cap Rate 9%
$423,856
Alternative Uses
Best Use
Retail
$755.8K
$661.3K – $881.8K
NOI $52,907 @ 7.0% cap · market cap 961.95%
Second Best
Mixed Use
$545.0K
$476.8K – $635.8K
NOI $38,147 @ 7.0% cap · market cap 693.58%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $152,957 @ 7.0% cap · market cap 2,781.04%
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
Location Intelligence
Trade Area within ½ mile
1,966
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 28%
Dining 8%
Home Improvements & Furnishings 4%
Western Beef
Groceries
25,623 visits/mo
0.2 miles
Chase Bank
Shops & Services
17,906 visits/mo
0.3 miles
BP
Shops & Services
14,392 visits/mo
0.3 miles
Sunoco
Shops & Services
10,256 visits/mo
0.3 miles
Citibank
Shops & Services
9,799 visits/mo
0.3 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
$683,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-level commercial area is paired with additional tall basement space for storage or work use.
Where is this mixed-use property located?
The property is located at 83-15 Grand Avenue Elmhurst, NY.
What are key features of this property?
This property features: More than 1,450 square feet of commercial space; Approximately 700 square feet of tall basement space; Bus stop directly in front of 83‑15 Grand Avenue
