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13864 Francis Lewis Blvd 1,560 SF 100% Leased Retail Building Rosedale, NY 11422 $1,193,060 CAD ($764.78 CAD/SF) 4.27% Cap Rate
Investment Highlights
- Established retail corridor — Francis Lewis Boulevard near Brookville Boulevard, southeast Queens' primary north–south commercial spine.
- Neighboring uses — grocery, deli, dry cleaners, restaurant and quick-service food along the same block.
- Dense residential trade area — surrounded by one- and two-family housing in Rosedale, Laurelton and Springfield Gardens.
- Access — MTA bus service at the Francis Lewis Blvd / Brookville Blvd stop.
Executive Summary
100% leased — established optical tenant in occupancy, lease running through October 31, 2027.
• Renewal in discussion — ownership and the tenant are discussing a possible new 10-year lease term effective at closing.
• Landlord pays taxes and insurance — current rent includes $150 per month of real estate tax reimbursement.
• $850,000 entry point — a small-footprint Queens retail building with dedicated parking and second-floor space, suited to a
private investor or a future owner-user.
• Renewal in discussion — ownership and the tenant are discussing a possible new 10-year lease term effective at closing.
• Landlord pays taxes and insurance — current rent includes $150 per month of real estate tax reimbursement.
• $850,000 entry point — a small-footprint Queens retail building with dedicated parking and second-floor space, suited to a
private investor or a future owner-user.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
1,560 SF
Building Class
C
Year Built
1931
Price
$1,193,060 CAD
Price Per SF
$764.78 CAD
Cap Rate
4.27%
NOI
$50,968 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.08 AC
Zoning
R3-2 - Low-density residential district
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13263-0024 | Improvements Assessment | $83,248 CAD |
| Land Assessment | $63,794 CAD | Total Assessment | $147,041 CAD |
Property Taxes
Parcel Number
13263-0024
Land Assessment
$63,794 CAD
Improvements Assessment
$83,248 CAD
Total Assessment
$147,041 CAD
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13864 Francis Lewis Blvd
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