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Merrick Blvd 8,000 SF 100% Leased Retail Building Laurelton, NY 11413 $3,850,000 ($481.25/SF) 6.50% Cap Rate
Investment Highlights
- Great Investment location. Many upward Value
Executive Summary
two story retail building with room to expand office space on the second floor to 2000 sf
heavy foot & car traffic on busy Merrick Blvd near belt PKWY
heavy foot & car traffic on busy Merrick Blvd near belt PKWY
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$366,600
|
$91.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$18,330
|
$4.58
|
| Effective Gross Income |
$348,270
|
$87.07
|
| Taxes |
$16,264
|
$4.07
|
| Operating Expenses |
$15,000
|
$3.75
|
| Total Expenses |
$31,264
|
$7.82
|
| Net Operating Income |
$317,006
|
$79.25
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $366,600 |
| Annual Per SF | $91.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $18,330 |
| Annual Per SF | $4.58 |
| Effective Gross Income | |
|---|---|
| Annual | $348,270 |
| Annual Per SF | $87.07 |
| Taxes | |
|---|---|
| Annual | $16,264 |
| Annual Per SF | $4.07 |
| Operating Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $3.75 |
| Total Expenses | |
|---|---|
| Annual | $31,264 |
| Annual Per SF | $7.82 |
| Net Operating Income | |
|---|---|
| Annual | $317,006 |
| Annual Per SF | $79.25 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
1931/2017
Price
$3,850,000
Price Per SF
$481.25
Cap Rate
6.50%
NOI
$250,250
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
10’
Building FAR
3.67
Lot Size
0.05 AC
Zoning
C8-1 - Commercial district, great for a pizza shop, a fish and meat market, and next to a newly built public school in an affluent residential neighborhood.
Frontage
Amenities
- Signage
Exceptionally walkable
90/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12959-0017 | Total Assessment | $29,705 |
| Land Assessment | $5,091 | Annual Taxes | $16,264 ($2.03/SF) |
| Improvements Assessment | $24,614 | Tax Year | 2026 |
Property Taxes
Parcel Number
12959-0017
Land Assessment
$5,091
Improvements Assessment
$24,614
Total Assessment
$29,705
Annual Taxes
$16,264 ($2.03/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Queens Community Realty
Merrick Blvd
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