Mixed-Use Property in
For Sale
$4,200,000
Pending
89-12/14/16 101 Ave, Long Island City, NY 11416
Mixed-use property featuring retail and residential units in Queens.
Property Size15,735 SF
Lot Size0.15 Acres
Days on Market314
Property Features for 89-12/14/16 101 Ave
General Information
Standard status
Pending
Size
15,735 SF
Lot size
0.15 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$66,834
Building Details
Building Size
15,735 SF
Year Built
1931
Units
7
Listing Agency:
WINZONE REALTY INC.
Listed By:
Samildre R. Perez · License #10301213705
(631) 849-4437
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Oct 7 at 2:39PM
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 WINZONE REALTY INC.
Investment Insights
Based on property information with market context.
This mixed-use property includes a full basement and a first floor with three stores. The second floor comprises multiple residential units: one two-bedroom apartment (89-12), two one-bedroom apartments (89-14), and one two-bedroom apartment (89-16).
Key Highlights
- Full Basement
- Three Stores on the First Floor
- 89‑12: Two‑Bedroom Apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$384,633
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,692,660
$7.7M
Cap Rate 7%
$5,494,757
$5.5M
Cap Rate 9%
$4,273,700
$4.3M
Market Conditions
NOI Build-Up for 15,735 SF
Gross rent
$727.0K $46.20/SF
− Vacancy
−$27.6K −$1.76/SF
EGI
$699.3K $44.44/SF
− OpEx
−$314.7K −$20.00/SF
NOI
$384.6K $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%
$7,692,660
Cap Rate 7%
$5,494,757
Cap Rate 9%
$4,273,700
Alternative Uses
Best Use
Apartment 5plus
$5.49M
$4.81M – $6.41M
NOI $384,633 @ 7.0% cap · market cap 9.16%
Second Best
Retail
$4.01M
$3.51M – $4.68M
NOI $280,870 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$11.60M
$10.15M – $13.53M
NOI $812,002 @ 7.0% cap · market cap 19.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,578
Businesses Nearby
Explore this area
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
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 featuring retail and residential units in Queens.
Where is this mixed-use property located?
The property is located at 89-12/14/16 101 Ave Long Island City, NY.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Full Basement; Three Stores on the First Floor; 89‑12: Two‑Bedroom Apartment
