Corner Mixed-Use
98-01 101st Avenue, Ozone Park, NY 11416
For Sale
$1,599,000
The building combines ground-floor commercial space with two apartments and a finished basement.
Property Size2,600 SF
Price / SF$615
Days on Market11
Property Features for 98-01 101st Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Corner Location
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Esquire Realty Ciaramella & Co
Listed By:
Lucy Palmer · License #KEY505297
Source:
Lowerhudsonvalleyproperties
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 7 at 2:37PM
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 Esquire Realty Ciaramella & Co
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Investment Insights
Based on property information with market context.
This corner property contains approximately 2,600 square feet of gross building area, excluding the basement. The ground floor offers approximately 925 square feet of commercial space and two bathrooms. Above, the residential component includes a two-bedroom apartment and a one-bedroom apartment, both with updated kitchens and bathrooms. A finished basement adds bonus space with a separate exterior entrance; electrical service has been updated and the building has a new boiler.
The property is zoned R6B with a C2-3 commercial overlay. Its configuration includes both commercial space and two residential apartments.
The property is zoned R6B with a C2-3 commercial overlay. Its configuration includes both commercial space and two residential apartments.
Key Highlights
- Approximately 2,600 square feet of gross building area, excluding the basement
- Ground‑floor commercial space of approximately 925 square feet with two bathrooms
- Two apartments: one two‑bedroom unit and one one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,555
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,100
$1.3M
Cap Rate 7%
$907,929
$907.9K
Cap Rate 9%
$706,167
$706.2K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$120.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$115.6K $44.44/SF
− OpEx
−$52.0K −$20.00/SF
NOI
$63.6K $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%
$1,271,100
Cap Rate 7%
$907,929
Cap Rate 9%
$706,167
Alternative Uses
Best Use
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 3.97%
Second Best
Retail
$663.0K
$580.1K – $773.5K
NOI $46,410 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,672
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
$733,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines ground-floor commercial space with two apartments and a finished basement.
Where is this mixed-use property located?
The property is located at 98-01 101st Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Approximately 2,600 square feet of gross building area, excluding the basement; Ground‑floor commercial space of approximately 925 square feet with two bathrooms; Two apartments: one two‑bedroom unit and one one‑bedroom unit
