Mixed-Use Warehouse and Office
89-50 127th Street, Queens, NY 11418
For Sale
$10,500,000
Two loading docks connect directly to the warehouse area.
Property Size26,000 SF
Price / SF$403.85
Days on Market300
Property Features for 89-50 127th Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Warehouse & Industrial
Warehouse Space
Office Build-Out
Dock-High Doors
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Carini Group LLC
Listed By:
ALEX CARINI
(917) 833-4388
Source:
Irynaferenets
Added: Jan 18
Changed: Nov 7
Last Checked: Nov 13 at 1:18PM
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 Carini Group LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 20,000 square feet of warehouse space with approximately 6,000 square feet of office space. Two loading docks provide entry into the warehouse. The building dates to 1900, and an additional floor may be constructed subject to architectural plans.
Located at 89-50 127th Street in Queens, the property is about five minutes from the Van Wyck, 10 minutes from the Belt Parkway, 10 minutes from JFK Airport, and 15 minutes from LaGuardia Airport. Subway service is also nearby.
Located at 89-50 127th Street in Queens, the property is about five minutes from the Van Wyck, 10 minutes from the Belt Parkway, 10 minutes from JFK Airport, and 15 minutes from LaGuardia Airport. Subway service is also nearby.
Key Highlights
- Approximately 20,000 SF of warehouse space and 6,000 SF of office space
- Two loading docks open into the warehouse
- Potential to add one floor, subject to architectural plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$334,620
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,692,400
$6.7M
Cap Rate 7%
$4,780,286
$4.8M
Cap Rate 9%
$3,718,000
$3.7M
Market Conditions
NOI Build-Up for 26,000 SF
Gross rent
$624.0K $24.00/SF
− Vacancy
−$88.6K −$3.41/SF
EGI
$535.4K $20.59/SF
− OpEx
−$200.8K −$7.72/SF
NOI
$334.6K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,692,400
Cap Rate 7%
$4,780,286
Cap Rate 9%
$3,718,000
Alternative Uses
Best Use
Mixed Use
$4.78M
$4.18M – $5.58M
NOI $334,620 @ 7.0% cap · market cap 3.19%
Second Best
Warehouse
$2.84M
$2.48M – $3.31M
NOI $198,614 @ 7.0% cap · market cap 1.89%
Theoretical Best
Office A
$19.17M
$16.77M – $22.36M
NOI $1,341,725 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,923
Businesses Nearby
Explore this area
Business Placement
Demographics for 11418, NY
37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
Market
Properties on Market for Mixed-use properties in Queens
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two loading docks connect directly to the warehouse area.
Where is this mixed-use property located?
The property is located at 89-50 127th Street Queens, NY.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Approximately 20,000 SF of warehouse space and 6,000 SF of office space; Two loading docks open into the warehouse; Potential to add one floor, subject to architectural plans
