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148-11 175th St 4,620 SF 100% Leased Retail Building Jamaica, NY 11434 $1,650,000 ($357.14/SF) 8.91% Cap Rate
Investment Highlights
- High visibility location
Executive Summary
Prime Location! Across From Motor Vehicle Dept and JFK, 4,620 SQUARE FOOD BUILDING CAN BE DELIVERED VACANT!!!
4 Units; Auto Detailing & Deli on Ground Level with 2 Office upstairs. 4 New AC Units & 4 New Heating Units (Hvac), 17Yr Old Bldg. Owner Pays Insurance & Taxes. LOW TAXES $10,000 PER YEAR! M1-1 Zoning, 28X100 Lot Size. Expenses: $10,000 Taxes, $3000 Insurance Net Operating Income $151,400 Cap Rate 8.91%
4 Units; Auto Detailing & Deli on Ground Level with 2 Office upstairs. 4 New AC Units & 4 New Heating Units (Hvac), 17Yr Old Bldg. Owner Pays Insurance & Taxes. LOW TAXES $10,000 PER YEAR! M1-1 Zoning, 28X100 Lot Size. Expenses: $10,000 Taxes, $3000 Insurance Net Operating Income $151,400 Cap Rate 8.91%
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$164,400
|
$35.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$164,400
|
$35.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,000
|
$2.81
|
| Net Operating Income |
$151,400
|
$32.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $164,400 |
| Annual Per SF | $35.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $164,400 |
| Annual Per SF | $35.58 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $2.81 |
| Net Operating Income | |
|---|---|
| Annual | $151,400 |
| Annual Per SF | $32.77 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,620 SF
Building Class
C
Year Built
2008
Price
$1,650,000
Price Per SF
$357.14
Cap Rate
8.91%
NOI
$147,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.77
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
M1-1 - M1-1 zoning in New York City is a light manufacturing district that allows for manufacturing, commercial, and community facility uses.
Frontage
28’ on 175th St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Asfa Express Inc
- Public Administration
- -
- -
- -
- Kim Relax Inc
- Public Administration
- -
- -
- -
- Lunch Cart Inc
- Accommodation and Food Services
- -
- -
- -
- Roman's Upholstery Svc
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Asfa Express Inc | Public Administration | - | - | - | ||
| Kim Relax Inc | Public Administration | - | - | - | ||
| Lunch Cart Inc | Accommodation and Food Services | - | - | - | ||
| Roman's Upholstery Svc | Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 13379-0077 | Improvements Assessment | $153,900 |
| Land Assessment | $95,400 | Total Assessment | $249,300 |
Property Taxes
Parcel Number
13379-0077
Land Assessment
$95,400
Improvements Assessment
$153,900
Total Assessment
$249,300
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148-11 175th St
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