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43-06 34th Ave 4,020 SF 100% Leased Retail Building Long Island City, NY 11101 $2,700,000 ($671.64/SF) 6.62% Cap Rate
Investment Highlights
- Close to schools, transportation, houses of worship, shopping and dining
Executive Summary
Seller is compensating buyer's agent.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$166,800
|
$41.49
|
| Other Income |
$12,000
|
$2.99
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$178,800
|
$44.48
|
| Taxes |
$35,354
|
$8.79
|
| Operating Expenses |
$3,800
|
$0.95
|
| Total Expenses |
$39,154
|
$9.74
|
| Net Operating Income |
$139,646
|
$34.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $166,800 |
| Annual Per SF | $41.49 |
| Other Income | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $2.99 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $178,800 |
| Annual Per SF | $44.48 |
| Taxes | |
|---|---|
| Annual | $35,354 |
| Annual Per SF | $8.79 |
| Operating Expenses | |
|---|---|
| Annual | $3,800 |
| Annual Per SF | $0.95 |
| Total Expenses | |
|---|---|
| Annual | $39,154 |
| Annual Per SF | $9.74 |
| Net Operating Income | |
|---|---|
| Annual | $139,646 |
| Annual Per SF | $34.74 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,020 SF
Building Class
C
Year Built
1928
Price
$2,700,000
Price Per SF
$671.64
Cap Rate
6.62%
NOI
$178,740
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.85
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
R6B R5 - Medium density residential district
Frontage
21’ on 34th Ave
Amenities
- Skylights
- Balcony
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00703-0027 | Total Assessment | $288,014 (2026) |
| Land Assessment | $106,603 (2026) | Annual Taxes | $35,354 ($8.79/SF) |
| Improvements Assessment | $181,411 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
00703-0027
Land Assessment
$106,603 (2026)
Improvements Assessment
$181,411 (2026)
Total Assessment
$288,014 (2026)
Annual Taxes
$35,354 ($8.79/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
43-06 34th Ave