Mixed-Use Office and
For Sale
$999,000
8772 146TH ST, Jamaica, NY 11435
Fully detached all-brick property combines a medical office on the first floor with a 3-bedroom apartment above.
Property Size2,480 SF
Price / SF$402.82
Days on Market195
Property Features for 8772 146TH ST
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$8,768
Amenities
3
Building Details
Year Built
1920
Listing Agency:
(718) 475-2700
Listed By:
Keller Williams Rlty Landmark
(718) 490-4885
Source:
Xome
Added: Feb 23
Changed: Sep 4
Last Checked: Sep 5 at 5:16AM
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 Keller Williams Rlty Landmark
Investment Insights
Based on property information with market context.
This fully detached, all-brick mixed-use property includes a professional office unit and a residential apartment. The first floor is currently configured for medical use with a waiting room, two private offices, and three exam rooms. The second floor features a spacious 3-bedroom apartment with a large living room and high ceilings, and there is also a full finished basement offering additional usable space.
Recent upgrades include a new roof, a new gas boiler, and a separate hot water heater. Parking is supported by a party driveway with a private detached garage, and the property is described as conveniently located near transportation, shopping, and major roadways.
The arrangement provides a practical live-work option with dedicated office and residential space under one detached structure.
Recent upgrades include a new roof, a new gas boiler, and a separate hot water heater. Parking is supported by a party driveway with a private detached garage, and the property is described as conveniently located near transportation, shopping, and major roadways.
The arrangement provides a practical live-work option with dedicated office and residential space under one detached structure.
Key Highlights
- Fully detached, all‑brick mixed‑use building with a professional medical office on the first floor and a 3‑bedroom apartment on the second floor
- First‑floor medical office layout includes a waiting room, 2 private offices, and 3 exam rooms
- Second‑floor apartment offers 3 bedrooms with a spacious living room and high ceilings
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
$81,651
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
8.17%
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%
$1,633,020
$1.6M
Cap Rate 7%
$1,166,443
$1.2M
Cap Rate 9%
$907,233
$907.2K
Market Conditions
NOI Build-Up for 2,480 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
$125.0K $50.40/SF
− Vacancy
−$16.1K −$6.50/SF
EGI
$108.9K $43.90/SF
− OpEx
−$27.2K −$10.97/SF
NOI
$81.7K $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%
$1,633,020
Cap Rate 7%
$1,166,443
Cap Rate 9%
$907,233
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,651 @ 7.0% cap · market cap 8.17%
Second Best
Healthcare Medical
$816.9K
$714.8K – $953.1K
NOI $57,184 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,980 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,681
Businesses Nearby
Explore this area
Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Fully detached all-brick property combines a medical office on the first floor with a 3-bedroom apartment above.
Where is this live-work space located?
The property is located at 8772 146TH ST Jamaica, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Fully detached, all‑brick mixed‑use building with a professional medical office on the first floor and a 3‑bedroom apartment on the second floor; First‑floor medical office layout includes a waiting room, 2 private offices, and 3 exam rooms; Second‑floor apartment offers 3 bedrooms with a spacious living room and high ceilings
