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8707 Grand Ave 2,290 SF 100% Leased Retail Building Elmhurst, NY 11373 $2,224,432 CAD ($971.37 CAD/SF) 4.50% Cap Rate
Executive Summary
Prime location. Heart of Elmhurst. In front of Q58, 59 Bus station. Steps away from Queens Blvd & Broadway corner. 1 Block to M, R station Broadway Queens Blvd Station. Existing retail & commercial tenants with excellent business status. Total 3 units, retail c of o for basement, retail c of o for street level, professional office for 2nd Fl
Financial Summary (Pro Forma - 2021) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$85,919
|
$37.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,919
|
$37.52
|
| Taxes |
$16,049
|
$7.01
|
| Operating Expenses |
$2,781
|
$1.21
|
| Total Expenses |
$18,830
|
$8.22
|
| Net Operating Income |
$67,089
|
$29.30
|
Financial Summary (Pro Forma - 2021)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $85,919 |
| Annual Per SF | $37.52 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $85,919 |
| Annual Per SF | $37.52 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,049 |
| Annual Per SF | $7.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,781 |
| Annual Per SF | $1.21 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,830 |
| Annual Per SF | $8.22 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $67,089 |
| Annual Per SF | $29.30 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,290 SF
Building Class
C
Year Built
1989
Price
$2,224,432 CAD
Price Per SF
$971.37 CAD
Cap Rate
4.50%
NOI
$100,099 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.05 AC
Zoning
R6/C2-2
Frontage
16’ on Grand Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- G & G Grocery
- -
- 1,530 SF
- -
- May 2021
- Golden Bull Management
- -
- 760 SF
- -
- Apr 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| G & G Grocery | - | 1,530 SF | - | May 2021 | ||
| Golden Bull Management | - | 760 SF | - | Apr 2026 |
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02477-0019 | Total Assessment | $215,145 CAD (2026) |
| Land Assessment | $46,637 CAD (2026) | Annual Taxes | $16,049 CAD ($7.01 CAD/SF) |
| Improvements Assessment | $168,507 CAD (2026) | Tax Year | 2021 |
Property Taxes
Parcel Number
02477-0019
Land Assessment
$46,637 CAD (2026)
Improvements Assessment
$168,507 CAD (2026)
Total Assessment
$215,145 CAD (2026)
Annual Taxes
$16,049 CAD ($7.01 CAD/SF)
Tax Year
2021
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