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148-11 175th St 4,620 SF 100% Leased Retail Building Jamaica, NY 11434 $1,720,000 ($372.29/SF) 8.73% Cap Rate
Investment Highlights
- High visibility location
Executive Summary
Prime Location! Across From Motor Vehicle Dept and JFK, 4,620 SQUARE FOOT BUILDING! 4 Units; Auto Mechanic Detailing or Auto Body & Luncheonette on Ground Level with 6 Office upstairs both with 2 separate comon areas and 2 Kitchens and 2 Full baths. 4 Ac Units & 4 Heating Units (Hvac), 17Yr Old Bldg. All New Gas and Electric plus an Elevator. Owner Pays Insurance & Taxes. M1-1 Zoning, 28X100 Lot Size. Downstairs Garage $5300/$63,600 until Sept Oct 2026 but tenant would like to re-new his lease. Luncheonette $2300/$27,600 until Feb 2027. 2 Office net approximately $6,000/$72,000 Expenses: $10,000 Taxes, $3000 Insurance Total Income $163,200 NOI $150,200 Cap Rate 8.73%
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$163,200
|
$35.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$163,200
|
$35.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,000
|
$2.81
|
| Net Operating Income |
$150,200
|
$32.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $163,200 |
| Annual Per SF | $35.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $163,200 |
| Annual Per SF | $35.32 |
| 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 | $150,200 |
| Annual Per SF | $32.51 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,620 SF
Building Class
C
Year Built
2008
Price
$1,720,000
Price Per SF
$372.29
Cap Rate
8.73%
NOI
$150,200
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 | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100
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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