Mixed-Use Property with Medical
For Sale
$3,500,000
85-14 168th Street, Jamaica, NY 11432
Two residential units are paired with a basement professional office and accessible entrance.
Property Size3,520 SF
Days on Market196
Property Features for 85-14 168th Street
General Information
Standard status
Active
Size
3,520 SF
Total Parking Spaces
8
Property subtype
Duplex
Additional Details
Floor
Basement
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$11,224
Building Details
Building Size
3,520 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
ZI Realty LLC
Listed By:
Md A. Batten
(718) 790-1385
Source:
Barbieliteam
Added: Feb 27
Changed: Sep 10
Last Checked: Sep 10 at 6:41AM
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 ZI Realty LLC
Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property combines two residential units with a basement doctor’s office. The office includes a bathroom and a handicapped-accessible entrance, while the residential component offers five bedrooms in total. A front porch adds outdoor space, and the detached garage accommodates two cars.
Located at 85-14 168th St in Jamaica, the property includes a large driveway with parking for six cars. Shops, public transportation, and parks are nearby, supporting convenient access for both residential occupants and office users.
Located at 85-14 168th St in Jamaica, the property includes a large driveway with parking for six cars. Shops, public transportation, and parks are nearby, supporting convenient access for both residential occupants and office users.
Key Highlights
- Two residential units with five bedrooms total
- Basement doctor’s office with bathroom
- Handicapped‑accessible office entrance
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
$115,892
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
3.31%
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%
$2,317,840
$2.3M
Cap Rate 7%
$1,655,600
$1.7M
Cap Rate 9%
$1,287,689
$1.3M
Market Conditions
NOI Build-Up for 3,520 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
$177.4K $50.40/SF
− Vacancy
−$22.9K −$6.50/SF
EGI
$154.5K $43.90/SF
− OpEx
−$38.6K −$10.97/SF
NOI
$115.9K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /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%
$2,317,840
Cap Rate 7%
$1,655,600
Cap Rate 9%
$1,287,689
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.93M
NOI $115,892 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,044 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,649 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units are paired with a basement professional office and accessible entrance.
Where is this mixed-use property located?
The property is located at 85-14 168th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two residential units with five bedrooms total; Basement doctor’s office with bathroom; Handicapped‑accessible office entrance
