Mixed-Use Property with Medical
For Sale
$949,000
89-24 146th Street, Jamaica, NY 11435
A three-bedroom apartment occupies the upper floor above a configured medical office.
Property Size2,480 SF
Price / SF$382.66
Days on Market209
Property Features for 89-24 146th Street
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Commercial
Zoning
R5
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Office Units
1
Additional Details
Floor
First Floor
Tenant in Place
Yes
Property Use
Mixed-Use
Taxes and HOA fees
Annual Taxes
$8,767
Building Details
Building Size
2,480 SF
Year Built
1920
Buildings
1
Stories
2
Units
2
Construction
brick
Tenancy
Multi
Listing Agency:
Keller Williams Rlty Landmark
(718) 475-2700
Listed By:
Ross A. Keit CBR SRES SFR GREEN CR · License #10301204858
(718) 490-4885
Source:
Croninreale
Added: Mar 30
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
This detached, all-brick mixed-use building combines a first-floor medical office with a three-bedroom apartment upstairs. The office layout includes a waiting room, two private offices, and three exam rooms. The apartment has a large living room and high ceilings. A finished basement adds usable space, and the property also includes a party driveway and detached private garage.
Recent capital improvements include a roof, gas boiler, and separate hot water heater. The property is in Jamaica, near transportation, shopping, and major roadways, and is offered with tenants. Zoning is R5; the building dates to 1920.
Recent capital improvements include a roof, gas boiler, and separate hot water heater. The property is in Jamaica, near transportation, shopping, and major roadways, and is offered with tenants. Zoning is R5; the building dates to 1920.
Key Highlights
- First‑floor medical office with waiting room, 2 private offices, and 3 exam rooms
- Upper‑level apartment with 3 bedrooms, a large living room, and high ceilings
- Full finished basement provides additional usable space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,651
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
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
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 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 8.60%
Second Best
Apartment 5plus
$866.0K
$757.8K – $1.01M
NOI $60,622 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,980 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,681
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-bedroom apartment occupies the upper floor above a configured medical office.
Where is this mixed-use property located?
The property is located at 89-24 146th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: First‑floor medical office with waiting room, 2 private offices, and 3 exam rooms; Upper‑level apartment with 3 bedrooms, a large living room, and high ceilings; Full finished basement provides additional usable space
