Brick Mixed-Use
For Sale
$1,250,000
8620 101st Avenue, Ozone Park, NY 11416
Fully occupied building with apartments, storefront space, and a first-floor backyard.
Property Size2,775 SF
Days on Market287
Property Features for 8620 101st Avenue
General Information
Standard status
Active
Size
2,775 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,798
Building Details
Building Size
2,775 SF
Year Built
1931
Buildings
1
Stories
3
Units
4
Listing Agency:
Mega Star Realty Corp
(718) 848-7700
Listed By:
Carmen Cartagena AHWD C2EX · License #31CA1109448
(917) 370-0661
Source:
Mydreamhomerealty
Added: Dec 6, 2025
Changed: Sep 18
Last Checked: Sep 18 at 3:43PM
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 Mega Star Realty Corp
Investment Insights
Based on property information with market context.
Built in 1931, this brick mixed-use property combines three apartments with one storefront. The residential component includes a two-bedroom unit on the first floor, a four-bedroom apartment on the second floor, and another four-bedroom apartment on the third floor. The first-floor residence also includes backyard space.
The property sits along a mixed-use block containing both commercial and residential buildings. Highway access and public transportation are nearby. All four spaces are currently occupied, offering an operating configuration with no vacant units at present.
The property sits along a mixed-use block containing both commercial and residential buildings. Highway access and public transportation are nearby. All four spaces are currently occupied, offering an operating configuration with no vacant units at present.
Key Highlights
- Three apartments plus one storefront
- Two‑bedroom first‑floor apartment with backyard
- Two four‑bedroom apartments on the second and third floors
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
$67,833
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
5.43%
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%
$1,356,660
$1.4M
Cap Rate 7%
$969,043
$969.0K
Cap Rate 9%
$753,700
$753.7K
Market Conditions
NOI Build-Up for 2,775 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
$128.2K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$123.3K $44.44/SF
− OpEx
−$55.5K −$20.00/SF
NOI
$67.8K $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 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%
$1,356,660
Cap Rate 7%
$969,043
Cap Rate 9%
$753,700
Alternative Uses
Best Use
Apartment 5plus
$969.0K
$847.9K – $1.13M
NOI $67,833 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$707.6K
$619.2K – $825.6K
NOI $49,534 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,203 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,554
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied building with apartments, storefront space, and a first-floor backyard.
Where is this mixed-use property located?
The property is located at 8620 101st Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three apartments plus one storefront; Two‑bedroom first‑floor apartment with backyard; Two four‑bedroom apartments on the second and third floors
