Two-Story Mixed-Use Corner
For Sale
$1,750,000
9101 80th Street, Woodhaven, NY 11421
Ground-floor retail space accompanies two three-bedroom apartments and a two-car garage.
Property Size3,116 SF
Days on Market121
Property Features for 9101 80th Street
General Information
Standard status
Active
Size
3,116 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
R3-1
Taxes and HOA fees
Annual Taxes
$6,655
Building Details
Building Size
3,116 SF
Year Built
1910
Buildings
1
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Gertrudis Jimenez
(347) 285-0638
Source:
Cohenandcohenrealty
Added: May 22
Changed: Sep 18
Last Checked: Sep 18 at 2:27PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This two-story mixed-use building includes several commercial components at street level, including a deli and grocery store, along with additional storefront space occupied by a barbershop and tattoo store. The property sits on a corner lot and also includes a two-car garage.
The upper level contains two separate three-bedroom apartments. Each residence is arranged with a kitchen, bathroom, and living room. A basement provides an open storage area and boiler room. The building was constructed in 1910 and carries R3-1 zoning.
The upper level contains two separate three-bedroom apartments. Each residence is arranged with a kitchen, bathroom, and living room. A basement provides an open storage area and boiler room. The building was constructed in 1910 and carries R3-1 zoning.
Key Highlights
- Two‑story mixed‑use building constructed in 1910
- Corner property with deli and grocery store at street level
- Additional storefront space with barbershop and tattoo store
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
$144,216
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
8.24%
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%
$2,884,320
$2.9M
Cap Rate 7%
$2,060,229
$2.1M
Cap Rate 9%
$1,602,400
$1.6M
Market Conditions
NOI Build-Up for 3,116 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
$205.7K $66.00/SF
− Vacancy
−$13.4K −$4.29/SF
EGI
$192.3K $61.71/SF
− OpEx
−$48.1K −$15.43/SF
NOI
$144.2K $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%
$2,884,320
Cap Rate 7%
$2,060,229
Cap Rate 9%
$1,602,400
Alternative Uses
Best Use
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,216 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$1.09M
$952.1K – $1.27M
NOI $76,169 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,801 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 38%
Dining 23%
Golden Farms
Groceries
19,299 visits/mo
0.4 miles
AutoZone
Shops & Services
8,832 visits/mo
0.5 miles
McDonald's
Dining
8,350 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,867 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
3,922 visits/mo
0.5 miles
Demographics for 11421, NY
42,586
Population
12,776
Households
3.3
Avg Household Size
38
Median Age
26%
College-Educated
79%
High-School Grad
1.3 sq mi
ZIP Area
32,758
Density / Sq Mi
$89,439
Median Household Income
$40,934
Median Earnings
$1,901
Median Rent
$682,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space accompanies two three-bedroom apartments and a two-car garage.
Where is this mixed-use property located?
The property is located at 9101 80th Street Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two‑story mixed‑use building constructed in 1910; Corner property with deli and grocery store at street level; Additional storefront space with barbershop and tattoo store
