Mixed-Use Building with
For Sale
$1,200,000
87-10 Liberty Avenue, Ozone Park, NY 11417
Two residential units are arranged above and behind a street-level commercial space, with access to a backyard.
Property Size2,200 SF
Price / SF$545.45
Days on Market40
Property Features for 87-10 Liberty Avenue
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Commercial
Zoning
R6B
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Additional Details
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Annual Taxes
$11,859
Amenities
backyard access
Building Details
Building Size
2,200 SF
Year Built
1935
Buildings
1
Stories
2
Listing Agency:
Greene Realty Group
Listed By:
Derek J. Greene · License #MA9503235-RE-B
(888) 278-5840
Source:
Croninreale
Added: Sep 15
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 Greene Realty Group
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Investment Insights
Based on property information with market context.
This mixed-use property has a commercial storefront on the first floor, along with a one-bedroom apartment at the rear and access to the backyard. A three-bedroom apartment occupies the second floor. The building contains 2,200 square feet and is zoned R6B.
The property is located at 87-10 Liberty Avenue in Ozone Park, New York. The recorded year built is 1935.
The property is located at 87-10 Liberty Avenue in Ozone Park, New York. The recorded year built is 1935.
Key Highlights
- First‑floor commercial storefront
- Rear one‑bedroom apartment of approximately 1,200 square feet with backyard access
- Second‑floor three‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,778
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,560
$1.1M
Cap Rate 7%
$768,257
$768.3K
Cap Rate 9%
$597,533
$597.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$101.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.8K $44.44/SF
− OpEx
−$44.0K −$20.00/SF
NOI
$53.8K $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%
$1,075,560
Cap Rate 7%
$768,257
Cap Rate 9%
$597,533
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$561.0K
$490.9K – $654.5K
NOI $39,270 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,397
Businesses Nearby
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Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units are arranged above and behind a street-level commercial space, with access to a backyard.
Where is this mixed-use property located?
The property is located at 87-10 Liberty Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: First‑floor commercial storefront; Rear one‑bedroom apartment of approximately 1,200 square feet with backyard access; Second‑floor three‑bedroom apartment
