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11520 Jamaica Ave 10,315 SF 100% Leased Retail Building Richmond Hill, NY 11418 $6,513,600 CAD ($631.47 CAD/SF) 5.47% Cap Rate
Investment Highlights
- Secure, Long-Term Income: 100% leased to four tenants with staggered expirations from 2026 to 2040
- Corner lot situated on Jamaica Ave with 11,000+ vehicles per day, benefiting from high visibility and walk-by traffic
- Surrounding Co-Tenancy: Nearby national and credit brands include Planet Fitness, Domino's, Starbucks, and Subway
- Established branch for Chase housing over $173.5M in deposits. This is their only branch in the zip code with 14.5 years remaining in their base term
- Proximity to Airports: 7 miles to LaGuardia and 5.5 miles to JFK, enhancing appeal to both local and corporate occupiers
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
10,315 SF
Building Class
B
Year Built
1935
Price
$6,513,600 CAD
Price Per SF
$631.47 CAD
Cap Rate
5.47%
NOI
$356,294 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.58
Lot Size
0.15 AC
Zoning
R3-1 - Low density residential district
Parking
11 Spaces (1.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Commuter Rail
- Corner Lot
- Metro/Subway
- Signalized Intersection
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09305-0009 | Improvements Assessment | $1,196,385 CAD |
| Land Assessment | $169,272 CAD | Total Assessment | $1,365,658 CAD |
Property Taxes
Parcel Number
09305-0009
Land Assessment
$169,272 CAD
Improvements Assessment
$1,196,385 CAD
Total Assessment
$1,365,658 CAD
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11520 Jamaica Ave
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