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148-11 175th St 4,620 SF 100% Leased Retail Building Jamaica, NY 11434 $2,303,268 CAD ($498.54 CAD/SF) 8.91% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility location
EXECUTIVE SUMMARY
Prime Location! Across From Motor Vehicle Dept and JFK, 4,620 SQUARE FOOD BUILDING CAN BE DELIVERED VACANT!!!
4 Units; Auto Detailing & Deli on Ground Level with 2 Office upstairs. 4 New AC Units & 4 New Heating Units (Hvac), 17Yr Old Bldg. Owner Pays Insurance & Taxes. LOW TAXES $10,000 PER YEAR! M1-1 Zoning, 28X100 Lot Size. Expenses: $10,000 Taxes, $3000 Insurance Net Operating Income $151,400 Cap Rate 8.91%
4 Units; Auto Detailing & Deli on Ground Level with 2 Office upstairs. 4 New AC Units & 4 New Heating Units (Hvac), 17Yr Old Bldg. Owner Pays Insurance & Taxes. LOW TAXES $10,000 PER YEAR! M1-1 Zoning, 28X100 Lot Size. Expenses: $10,000 Taxes, $3000 Insurance Net Operating Income $151,400 Cap Rate 8.91%
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$229,489
|
$49.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$229,489
|
$49.67
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,147
|
$3.93
|
| Net Operating Income |
$211,342
|
$45.75
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $229,489 |
| Annual Per SF | $49.67 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $229,489 |
| Annual Per SF | $49.67 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,147 |
| Annual Per SF | $3.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $211,342 |
| Annual Per SF | $45.75 |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,620 SF
Building Class
C
Year Built
2008
Price
$2,303,268 CAD
Price Per SF
$498.54 CAD
Cap Rate
8.91%
NOI
$205,200 CAD
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 | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13379-0077 | Improvements Assessment | $215,183 CAD |
| Land Assessment | $133,388 CAD | Total Assessment | $348,571 CAD |
PROPERTY TAXES
Parcel Number
13379-0077
Land Assessment
$133,388 CAD
Improvements Assessment
$215,183 CAD
Total Assessment
$348,571 CAD
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148-11 175th St
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