Building Details

Building Size 2,775 SF

Year Built 1931

Buildings 1

Stories 3

Units 4

Construction brick

Tenancy Multi

Listing Agency: Mega Star Realty Corp Show Phone

Listed By: Carmen Cartagena AHWD C2EX · License #31CA1109448 Show Phone

Source: Croninreale

Added: Dec 6, 2025 Changed: Oct 23 Last Checked: Oct 23 at 9:55AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,775-square-foot brick mixed-use building contains three apartments and one storefront. The residential units include a two-bedroom apartment on the first floor, a four-bedroom apartment on the second floor, and a four-bedroom apartment on the third floor. The first-floor apartment also has a backyard.

Built in 1931, the property is situated on a block containing both commercial and residential buildings. Highways and public transportation are nearby.

Key Highlights

• 2,775‑square‑foot brick building constructed in 1931
• Three apartments: one two‑bedroom unit and two four‑bedroom units
• One storefront in the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,833

Cap Rate

5.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,356,660 $1.4M

Cap Rate 7%

$969,043 $969.0K

Cap Rate 9%

$753,700 $753.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,775 SF

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 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 (±1% cap)

NOI $67,833 @ 7.0% cap · market cap 5.43%

Second Best

Retail

$707.6K

$619.2K – $825.6K (±1% cap)

NOI $49,534 @ 7.0% cap · market cap 3.96%

Theoretical Best

Office A

$2.05M

$1.79M – $2.39M (±1% cap)

NOI $143,203 @ 7.0% cap · market cap 11.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three apartments complement a ground-floor commercial space in a brick building.

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: 2,775‑square‑foot brick building constructed in 1931; Three apartments: one two‑bedroom unit and two four‑bedroom units; One storefront in the building