Your email has been sent.
Retail/Apts Mixed Use 2530 Broadway 6,500 SF 100% Leased Retail Building Long Island City, NY 11106 $6,810,800 CAD ($1,047.82 CAD/SF) 5.40% Cap Rate
Investment Highlights
- Heavy day time foot traffic
- Minutes walking to all the great restaurants and bars.
- New upscale buildings nearby
- Minutes walking to W and N subway; 15 minutes ride to Manhattan
- 100% Free Market
Executive Summary
Ground floor is restaurant and bar, month to month ... 2200 sq. ft. store (which can be separated to 2 stores)
2nd floor is 5 bedroom 2 bathrooms huge apartment, approximately $5900 per month income.
3rd floor is also 5 bedroom 2 bathrooms huge apartment, also approximately $6600 per month income.
All apartments are vacant with Free Market.
1988 built brick building.
Broadway Subway Station to Manhattan just 5 minutes walking distance.
Great for 1031 exchange, Investment property.
Zone C1-4/R6A Lot 26x100
Please call exclusive broker
Hotel Real Estate Group
Simon Lou
President / CEO
Phone: 917 328 3611
Email: Hotel107@aol.com
Or
Jack Poon
Agent
Phone: 917 915 0674
Email: Pwc11363@gmail.com
Financial Summary (Pro Forma - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$408,648
|
$62.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,811
|
$1.05
|
| Effective Gross Income |
$401,837
|
$61.82
|
| Taxes |
$14,711
|
$2.26
|
| Operating Expenses |
$27,243
|
$4.19
|
| Total Expenses |
$41,955
|
$6.45
|
| Net Operating Income |
$359,883
|
$55.37
|
Financial Summary (Pro Forma - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $408,648 |
| Annual Per SF | $62.87 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,811 |
| Annual Per SF | $1.05 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $401,837 |
| Annual Per SF | $61.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,711 |
| Annual Per SF | $2.26 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,243 |
| Annual Per SF | $4.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,955 |
| Annual Per SF | $6.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $359,883 |
| Annual Per SF | $55.37 |
Property Facts
Amenities
- Restaurant
About 2530 BROADWAY , LONG ISLAND CITY, NY 11106
3 Story Commercial brick building on 26x100 lot. 1988 built. 1 Restaurant ... divided into 2 restaurants ... month to month lease Second and third floor are apartments, (Income $5900 per month on 2nd floor, $6600 per month on 3rd floor) Both floors are large apartment: 5 Bedrooms + 2 bathroom for each apartment. 100% Free Market. Street parking with meters ... Busy pedestrian traffic. Zone C1-4/R6A. 7800 buildable SQ FT ... allow to add one more floor Lots of great potential. Exciting with the arrival of new completed buildings nearby will boost the local business and increase real estate value. Great Opportunity to get in now. Please call exclusive broker Hotel Real Estate Group Simon Lou President / CEO Phone: 917 328 3611 Email: Hotel107@aol.com Or Jack Poon Agent Phone: 917 915 0674 Email: Pwc11363@gmail.com
Nearby Major Retailers
Property Taxes
| Parcel Number | 00580-0029 | Total Assessment | $139,009 CAD (2025) |
| Land Assessment | $25,561 CAD (2025) | Annual Taxes | $14,711 CAD ($2.26 CAD/SF) |
| Improvements Assessment | $113,448 CAD (2025) | Tax Year | 2023 |
Property Taxes
Presented by
Retail/Apts Mixed Use | 2530 Broadway
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.