Brick Mixed-Use Building with
For Sale
$1,388,000
9106 43RD AVE, Flushing, NY 11373
Brick mixed-use property with a ground-floor restaurant and two residential units above, plus an outstanding tax lien.
Property Size3,240 SF
Price / SF$428.40
Days on Market278
Property Features for 9106 43RD AVE
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$34,466
Amenities
3
Parking.
Open Parking, On Street.
Building Details
Year Built
1931
Listing Agency:
(718) 631-8900
Listed By:
Douglas Elliman Real Estate
(917) 751-0812
Source:
Xome
Added: Dec 1, 2025
Changed: Sep 1
Last Checked: Sep 4 at 4:28AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This brick mixed-use building offers ground-floor restaurant space with street-facing presence, along with two residential units above. The residential floors include a 2-bedroom unit on the second floor and a 3-bedroom unit on the third floor, with windowed layouts throughout. The property is sized at approximately 3,240 square feet.
The building is located at 9106 43rd Ave, Flushing, NY 11373. An open tax lien in the amount of $89,000 is currently on the property and will be settled before and/or by closing. The seller is willing to hold paper up to approximately $400,000, and the buyer is required to bring a minimum of $1,000,000.
The commercial unit is described with potential rent of approximately $8,400 per month, while the second-floor 2-bedroom and third-floor 3-bedroom units have projected rent ranges of $2,300–$4,000 and $3,500–$5,000, respectively, depending on the level of renovation.
The building is located at 9106 43rd Ave, Flushing, NY 11373. An open tax lien in the amount of $89,000 is currently on the property and will be settled before and/or by closing. The seller is willing to hold paper up to approximately $400,000, and the buyer is required to bring a minimum of $1,000,000.
The commercial unit is described with potential rent of approximately $8,400 per month, while the second-floor 2-bedroom and third-floor 3-bedroom units have projected rent ranges of $2,300–$4,000 and $3,500–$5,000, respectively, depending on the level of renovation.
Key Highlights
- Brick mixed‑use building built in 1931 with a ground‑floor restaurant plus 2 residential units above
- Commercial space with approximately $8,400/month income potential
- Second‑floor 2‑bedroom unit with projected rent range of $2,300–$4,000 (based on renovation level)
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
$79,200
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
5.71%
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%
$1,584,000
$1.6M
Cap Rate 7%
$1,131,429
$1.1M
Cap Rate 9%
$880,000
$880.0K
Market Conditions
NOI Build-Up for 3,240 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
$149.7K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$144.0K $44.44/SF
− OpEx
−$64.8K −$20.00/SF
NOI
$79.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,584,000
Cap Rate 7%
$1,131,429
Cap Rate 9%
$880,000
Alternative Uses
Best Use
Specialty Retail
$2.14M
$1.87M – $2.50M
NOI $149,955 @ 7.0% cap · market cap 10.80%
Second Best
Apartment 5plus
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,200 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,954
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pakshala Dine — 8112 Broadway, Elmhurst, NY 11373
- icook buffet (好客火锅烧烤） — 81-17 broadway, queens, ny 11373
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Brick mixed-use property with a ground-floor restaurant and two residential units above, plus an outstanding tax lien.
Where is this conventional restaurant located?
The property is located at 9106 43RD AVE Flushing, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Brick mixed‑use building built in 1931 with a ground‑floor restaurant plus 2 residential units above; Commercial space with approximately $8,400/month income potential; Second‑floor 2‑bedroom unit with projected rent range of $2,300–$4,000 (based on renovation level)
