5-Unit Mixed-Use
For Sale
$1,999,888
9206 95th Avenue, Ozone Park, NY 11416
A retail space and four apartments bring commercial and residential uses together in one building.
Property Size4,500 SF
Price / SF$444.42
Days on Market262
Property Features for 9206 95th Avenue
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Units
Unit Mix
3 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
4
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$8,545
Amenities
full basement
private backyard
Building Details
Building Size
4,500 SF
Year Built
1920
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Compass Greater NY LLC
(516) 517-4866
Listed By:
Jagmeet S. Bedi · License #40BE1170282
(646) 643-2334
Source:
Croninreale
Added: Feb 4
Changed: Oct 23
Last Checked: Oct 23 at 3:48PM
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 Compass Greater NY LLC
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Investment Insights
Based on property information with market context.
Located at 9206 95th Avenue in Ozone Park, this 4,500-square-foot property was built in 1920. Its configuration includes a ground-level retail space and four residential apartments.
The apartment mix comprises three two-bedroom, one-bath units and one four-bedroom, one-bath unit. A full basement provides storage space, and the property also includes a private backyard.
The apartment mix comprises three two-bedroom, one-bath units and one four-bedroom, one-bath unit. A full basement provides storage space, and the property also includes a private backyard.
Key Highlights
- 5‑unit property with one ground‑floor storefront and four residential apartments
- 4,500 square feet; built in 1920
- Three 2‑bedroom/1‑bath apartments and one 4‑bedroom/1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,000
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,200,000
$2.2M
Cap Rate 7%
$1,571,429
$1.6M
Cap Rate 9%
$1,222,222
$1.2M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$207.9K $46.20/SF
− Vacancy
−$7.9K −$1.76/SF
EGI
$200.0K $44.44/SF
− OpEx
−$90.0K −$20.00/SF
NOI
$110.0K $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%
$2,200,000
Cap Rate 7%
$1,571,429
Cap Rate 9%
$1,222,222
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.83M
NOI $110,000 @ 7.0% cap · market cap 5.50%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,325 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,096
Businesses Nearby
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Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A retail space and four apartments bring commercial and residential uses together in one building.
Where is this mixed-use property located?
The property is located at 9206 95th Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,999,888.
What are key features of this property?
This property features: 5‑unit property with one ground‑floor storefront and four residential apartments; 4,500 square feet; built in 1920; Three 2‑bedroom/1‑bath apartments and one 4‑bedroom/1‑bath apartment
