Mixed-Use Income Property For
For Sale
$1,095,000
92-18 Liberty Ave, Queens, NY 11417
Mixed-use property with retail space and three residential units.
Property Size3,600 SF
Lot Size0.05 Acres
Days on Market309
Property Features for 92-18 Liberty Ave
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.05 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,427
Building Details
Building Size
3,600 SF
Year Built
1931
Units
3
Listing Agency:
RE/MAX Team
Listed By:
Victor Weinberger · License #40WE0641759
(917) 806-7040
Source:
Elliman
Added: Dec 3, 2025
Changed: Oct 2
Last Checked: Oct 7 at 12:01PM
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 RE/MAX Team
Investment Insights
Based on property information with market context.
This is a mixed-use income property featuring a 480 square foot store on the first floor, along with three residential units. The property is located two blocks west of the Cross Bay Blvd subway station. The first floor includes a store and a vacant three-bedroom apartment with access to the backyard. The second floor contains a two-bedroom apartment and a one-bedroom apartment with a balcony. The property presents a user/owner opportunity. Additional information indicates the presence of a separate hot water heater. The projected gross income is nearly $116,400 when fully occupied at market rents, with expenses of $22,277, primarily due to low taxes.
Key Highlights
- High Income Potential: Projected gross income of nearly $116,400 when fully occupied.
- Owner/User Opportunity: Perfect for an owner to occupy and manage the property.
- Prime Location: Situated just 2 blocks west of the Cross Bay Blvd subway station.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,000
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,760,000
$1.8M
Cap Rate 7%
$1,257,143
$1.3M
Cap Rate 9%
$977,778
$977.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$166.3K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$160.0K $44.44/SF
− OpEx
−$72.0K −$20.00/SF
NOI
$88.0K $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 Rate 5%
$1,760,000
Cap Rate 7%
$1,257,143
Cap Rate 9%
$977,778
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 8.04%
Second Best
Retail
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 16.97%
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
1,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
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 - Mixed-use property with retail space and three residential units.
Where is this mixed-use property located?
The property is located at 92-18 Liberty Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: High Income Potential: Projected gross income of nearly $116,400 when fully occupied.; Owner/User Opportunity: Perfect for an owner to occupy and manage the property.; Prime Location: Situated just 2 blocks west of the Cross Bay Blvd subway station.
