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487 Lake Ave 5,000 SF 100% Leased Retail Building Saint James, NY 11780 $2,116,727 CAD ($423.35 CAD/SF) 7.11% Cap Rate
Investment Highlights
- Fully leased mixed use property
- Northwell Health has been at this location for over 7 years
- Strong demographics with over 166,000 people within a 5 mile radius
Executive Summary
Silber Investment Properties is proud to exclusively represent 487 Lake Ave, St James, NY! A fully leased mixed use property with approx. 18 parking spaces. The building is located across the street from the St. James LIRR Train Station. Please call Amanda Gordon to discuss further at 516 732 7079.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1950
Price
$2,116,727 CAD
Price Per SF
$423.35 CAD
Cap Rate
7.11%
NOI
$150,464 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.25 AC
Zoning
Commercial/Residential
Parking
17 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Northwell Health
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Northwell Health | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-056-00-02-00-005-000 | Improvements Assessment | $11,181 CAD |
| Land Assessment | $1,042 CAD | Total Assessment | $12,223 CAD |
Property Taxes
Parcel Number
0800-056-00-02-00-005-000
Land Assessment
$1,042 CAD
Improvements Assessment
$11,181 CAD
Total Assessment
$12,223 CAD
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487 Lake Ave
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