Mixed-Use Property with Legal
For Sale
$1,100,000
90-56 210th St, Queens Village, NY 11428
Residential Income, Queens Village, NY
Property Size1,028 SF
Lot Size0.07 Acres
Price / SF$1,070
Days on Market327
Property Features for 90-56 210th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Interior features
Entrance Foyer, Master Downstairs
Subdivision
Queens Village
Standard status
Active
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7467
Utilities
Heating system
Baseboard, Natural Gas
Building Details
Year built
1931
Floors in Building
1
Listing Agency:
S H V REAL ESTATE CORP
(718) 343-5200
Listed By:
Reema Sharma · License #31SH1064229
(347) 452-2174
Added: Nov 12, 2025
Changed: Sep 17
Last Checked: Oct 5 at 3:06AM
MLS# 11605651
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a two-family residence with a legally configured storefront. The residential component provides 2,451 square feet of living area across a two-bedroom unit and a studio apartment, while the commercial portion contains 1,028 square feet. Two private parking spaces are positioned at the front of the store. The property was built in 1931 and includes natural gas baseboard heating, an entrance foyer, and a main-level primary bedroom. Both residential and commercial components are currently occupied by tenants.
The property is located at 90-56 210th St in Queens Village, between Hillside Ave and Jamaica Ave. The parcel encompasses 0.0737 acres and is situated in Queens County, NY 11428.
The property is located at 90-56 210th St in Queens Village, between Hillside Ave and Jamaica Ave. The parcel encompasses 0.0737 acres and is situated in Queens County, NY 11428.
Key Highlights
- Two‑family residence with legal storefront
- 2,451 sq ft of residential living space
- 1,028 sq ft commercial storefront
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
$47,578
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
4.33%
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%
$951,560
$951.6K
Cap Rate 7%
$679,686
$679.7K
Cap Rate 9%
$528,644
$528.6K
Market Conditions
NOI Build-Up for 1,028 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
$67.8K $66.00/SF
− Vacancy
−$4.4K −$4.29/SF
EGI
$63.4K $61.71/SF
− OpEx
−$15.9K −$15.43/SF
NOI
$47.6K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /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%
$951,560
Cap Rate 7%
$679,686
Cap Rate 9%
$528,644
Alternative Uses
Best Use
Specialty Retail
$679.7K
$594.7K – $793.0K
NOI $47,578 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$359.0K
$314.1K – $418.8K
NOI $25,129 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$757.9K
$663.1K – $884.2K
NOI $53,050 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,637
Businesses Nearby
Explore this area
Business Placement
Demographics for 11428, NY
19,516
Population
6,335
Households
3.1
Avg Household Size
42
Median Age
28%
College-Educated
81%
High-School Grad
0.8 sq mi
ZIP Area
24,395
Density / Sq Mi
$84,977
Median Household Income
$42,146
Median Earnings
$1,827
Median Rent
$666,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied two-family property paired with a legally configured commercial storefront and private parking.
Where is this mixed-use property located?
The property is located at 90-56 210th St Queens Village, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family residence with legal storefront; 2,451 sq ft of residential living space; 1,028 sq ft commercial storefront
