Mixed-Use Property Near
For Sale
$2,390,000
86-11 101st Avenue, Ozone Park, NY 11416
R6B zoning supports a mixed-use setting with rail, bus service, schools, markets, and parks nearby.
Property Size4,875 SF
Days on Market72
Property Features for 86-11 101st Avenue
General Information
Standard status
Active
Size
4,875 SF
Property subtype
Commercial
Zoning
R6B
Taxes and HOA fees
Annual Taxes
$22,781
Building Details
Building Size
4,875 SF
Year Built
1950
Stories
2
Units
2
Listing Agency:
Voro LLC
(917) 257-8844
Listed By:
Tapovardhan Pandey
(917) 257-8844
Source:
Professionalchoicerealty
Added: Jun 20
Changed: Aug 29
Last Checked: Aug 25 at 9:28AM
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 Voro LLC
Investment Insights
Based on property information with market context.
Located at 86-11 101st Avenue in Ozone Park, this mixed-use property carries R6B zoning and dates to 1950. Its classification supports both commercial and residential positioning within an established neighborhood setting.
Transit access includes the A train approximately two blocks away, while bus service is available at the building frontage. A school, market, and park are also identified in the surrounding area, adding nearby neighborhood services to the property’s commercial and residential context.
Transit access includes the A train approximately two blocks away, while bus service is available at the building frontage. A school, market, and park are also identified in the surrounding area, adding nearby neighborhood services to the property’s commercial and residential context.
Key Highlights
- Mixed‑use property at 86‑11 101st Avenue, Ozone Park, NY 11416
- R6B zoning
- Built in 1950
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
$87,019
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
3.64%
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%
$1,740,380
$1.7M
Cap Rate 7%
$1,243,129
$1.2M
Cap Rate 9%
$966,878
$966.9K
Market Conditions
NOI Build-Up for 4,875 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
$146.3K $30.00/SF
− Vacancy
−$21.9K −$4.50/SF
EGI
$124.3K $25.50/SF
− OpEx
−$37.3K −$7.65/SF
NOI
$87.0K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,740,380
Cap Rate 7%
$1,243,129
Cap Rate 9%
$966,878
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $87,019 @ 7.0% cap · market cap 3.64%
Second Best
Mixed Use
$896.3K
$784.3K – $1.05M
NOI $62,741 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,573 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 35%
Groceries 14%
Electronics 4%
Golden Farms
Groceries
19,299 visits/mo
0.1 miles
BP
Shops & Services
19,220 visits/mo
0.3 miles
Chase Bank
Shops & Services
17,351 visits/mo
0.1 miles
Burger King
Dining
12,433 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
11,640 visits/mo
0.3 miles
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
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 - R6B zoning supports a mixed-use setting with rail, bus service, schools, markets, and parks nearby.
Where is this mixed-use property located?
The property is located at 86-11 101st Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: Mixed‑use property at 86‑11 101st Avenue, Ozone Park, NY 11416; R6B zoning; Built in 1950
