Mixed-Use Storefront with
For Sale
$1,198,000
97-10 101th Ave, Ozone Park, NY 11416
Ground-floor retail space is paired with an upper-level residence, basement and backyard.
Property Size2,550 SF
Price / SF$469.80
Days on Market51
Property Features for 97-10 101th Ave
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Commercial
Zoning
R6B C23
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$5,191
Building Details
Building Size
2,550 SF
Year Built
1920
Buildings
1
Units
2
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
June H. Chang · License #00000
(917) 657-5198
Source:
Croninreale
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 23 at 4:11PM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-floor liquor store with residential space above. The building measures approximately 20' x 55' and includes a full basement and a backyard. The offering includes the real estate and the established store business, which has served the community for approximately 39 years. The building dates to 1920.
The property is near shopping, restaurants and major thoroughfares. Public transportation options include the A subway line and multiple bus routes.
The property is near shopping, restaurants and major thoroughfares. Public transportation options include the A subway line and multiple bus routes.
Key Highlights
- Real estate offered with an established liquor store business
- Ground‑floor liquor store with residential space on the upper level
- Approximately 20' x 55' building with a full basement and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,518
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,360
$910.4K
Cap Rate 7%
$650,257
$650.3K
Cap Rate 9%
$505,756
$505.8K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$76.5K $30.00/SF
− Vacancy
−$11.5K −$4.50/SF
EGI
$65.0K $25.50/SF
− OpEx
−$19.5K −$7.65/SF
NOI
$45.5K $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%
$910,360
Cap Rate 7%
$650,257
Cap Rate 9%
$505,756
Alternative Uses
Best Use
Retail
$650.3K
$569.0K – $758.6K
NOI $45,518 @ 7.0% cap · market cap 3.80%
Second Best
Mixed Use
$468.8K
$410.2K – $547.0K
NOI $32,819 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,592 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 35%
Groceries 14%
Electronics 4%
Golden Farms
Groceries
19,299 visits/mo
0.1 miles
BP
Shops & Services
19,220 visits/mo
0.3 miles
Chase Bank
Shops & Services
17,351 visits/mo
0.1 miles
Burger King
Dining
12,433 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
11,640 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space is paired with an upper-level residence, basement and backyard.
Where is this mixed-use property located?
The property is located at 97-10 101th Ave Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Real estate offered with an established liquor store business; Ground‑floor liquor store with residential space on the upper level; Approximately 20' x 55' building with a full basement and backyard
