Mixed-Use Building with
For Sale
$1,200,000
91-04 104th Street, Richmond Hill, NY 11418
A laundromat occupies the ground-floor commercial space, with an apartment on the upper floor.
Property Size2,166 SF
Price / SF$554.02
Days on Market12
Property Features for 91-04 104th Street
General Information
Standard status
Active
Size
2,166 SF
Property subtype
Commercial
Zoning
R3-1
Additional Details
Mixed-Use Components
retail, residential
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,089
Building Details
Building Size
2,166 SF
Year Built
1920
Units
2
Listing Agency:
Chous Realty Group Inc
(718) 353-8818
Listed By:
Min Min Fang
(917) 535-0820
Source:
Croninreale
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 9:54AM
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 Chous Realty Group Inc
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Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-floor commercial storefront occupied by a laundromat with an apartment on the floor above. The building contains 2,166 square feet and was built in 1920.
Located at 91-04 104th Street in Richmond Hill, New York, the property is zoned R3-1.
Located at 91-04 104th Street in Richmond Hill, New York, the property is zoned R3-1.
Key Highlights
- 2,166‑square‑foot mixed‑use building
- Ground‑floor storefront occupied by a laundromat
- One apartment on the upper floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,663
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,260
$773.3K
Cap Rate 7%
$552,329
$552.3K
Cap Rate 9%
$429,589
$429.6K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$65.0K $30.00/SF
− Vacancy
−$9.7K −$4.50/SF
EGI
$55.2K $25.50/SF
− OpEx
−$16.6K −$7.65/SF
NOI
$38.7K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,260
Cap Rate 7%
$552,329
Cap Rate 9%
$429,589
Alternative Uses
Best Use
Retail
$552.3K
$483.3K – $644.4K
NOI $38,663 @ 7.0% cap · market cap 3.22%
Second Best
Mixed Use
$398.2K
$348.5K – $464.6K
NOI $27,876 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,776 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,218
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A laundromat occupies the ground-floor commercial space, with an apartment on the upper floor.
Where is this mixed-use property located?
The property is located at 91-04 104th Street Richmond Hill, 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: 2,166‑square‑foot mixed‑use building; Ground‑floor storefront occupied by a laundromat; One apartment on the upper floor
