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1325 M St 17,838 SF 100% Leased Industrial Building Elmont, NY 11003 $4,650,000 ($260.68/SF) 9.39% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 17,838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!!
- The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!!
- Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, ++!
- The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Roll-Up Drive-In Bays, Light Manufacturing (710.24) Zoning, CAC, +++!!!
- The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 17,838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Roll-Up Drive-In Bays, Light Manufacturing (710.24) Zoning, 28 Parking Spaces, Frontage On 3 Streets, Basement With 12’ Ceilings, 3 Phase Power, Side Yard, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!! The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!! Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, Marshalls, McDonald’s, Red Mango, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/ The Next Home For Your Business!!!
Income:
Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Stroller Company (500 Sqft.): $7,200 Ann.; M-M.
No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Office (1,100 Sqft.): $34,800 Ann.; 3% Ann. Inc.; Lease Exp.: 4/1/27. Can Be Delivered Vacant If Need Be.
LL (10,000 Sqft., 12’ Ceiling Warehouse): $360,000 Ann. (Available)
Pro Forma Gross Income: $528,000 Ann.
Expenses:
Gas: $2,400 Ann.
Electric: $6,000 Ann.
Maintenance & Repairs: $2,500 Ann.
Insurance: $5,800 Ann.
Snow & Landscape: $0 Ann.
Water: $382 Ann.
Taxes: $72,483.51 Ann.
Total Expenses: $91,365.51 Ann.
Pro Forma Net Operating Income (NOI): $436,634.49 Ann.
Income:
Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Stroller Company (500 Sqft.): $7,200 Ann.; M-M.
No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Office (1,100 Sqft.): $34,800 Ann.; 3% Ann. Inc.; Lease Exp.: 4/1/27. Can Be Delivered Vacant If Need Be.
LL (10,000 Sqft., 12’ Ceiling Warehouse): $360,000 Ann. (Available)
Pro Forma Gross Income: $528,000 Ann.
Expenses:
Gas: $2,400 Ann.
Electric: $6,000 Ann.
Maintenance & Repairs: $2,500 Ann.
Insurance: $5,800 Ann.
Snow & Landscape: $0 Ann.
Water: $382 Ann.
Taxes: $72,483.51 Ann.
Total Expenses: $91,365.51 Ann.
Pro Forma Net Operating Income (NOI): $436,634.49 Ann.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$528,000
|
$29.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$528,000
|
$29.60
|
| Taxes |
$72,483
|
$4.06
|
| Operating Expenses |
$18,882
|
$1.06
|
| Total Expenses |
$91,365
|
$5.12
|
| Net Operating Income |
$436,635
|
$24.48
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $528,000 |
| Annual Per SF | $29.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $528,000 |
| Annual Per SF | $29.60 |
| Taxes | |
|---|---|
| Annual | $72,483 |
| Annual Per SF | $4.06 |
| Operating Expenses | |
|---|---|
| Annual | $18,882 |
| Annual Per SF | $1.06 |
| Total Expenses | |
|---|---|
| Annual | $91,365 |
| Annual Per SF | $5.12 |
| Net Operating Income | |
|---|---|
| Annual | $436,635 |
| Annual Per SF | $24.48 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Floor Drains
- Front Loading
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas
- Water - County
- Sewer - County
- Heating - Oil (Fired)
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 35-091-00-0001 | Total Assessment | $10,445 |
| Land Assessment | $3,450 | Annual Taxes | $72,483 ($4.06/SF) |
| Improvements Assessment | $6,995 | Tax Year | 2025 |
Property Taxes
Parcel Number
35-091-00-0001
Land Assessment
$3,450
Improvements Assessment
$6,995
Total Assessment
$10,445
Annual Taxes
$72,483 ($4.06/SF)
Tax Year
2025
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1325 M St
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