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Merrick Blvd 8,000 SF 100% Leased Retail Building Laurelton, NY 11413 $5,388,960 CAD ($673.62 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Great Investment location. Many upward Value
Executive Summary
two story retail building with room to expand office space on the second floor to 2000 sf , Suitable for investor, owner-user, or developer.
heavy foot & car traffic on busy Merrick Blvd near belt PKWY
heavy foot & car traffic on busy Merrick Blvd near belt PKWY
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$513,141
|
$128.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$25,657
|
$6.41
|
| Effective Gross Income |
$487,484
|
$121.87
|
| Taxes |
$22,765
|
$5.69
|
| Operating Expenses |
$20,996
|
$5.25
|
| Total Expenses |
$43,761
|
$10.94
|
| Net Operating Income |
$443,723
|
$110.93
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $513,141 |
| Annual Per SF | $128.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $25,657 |
| Annual Per SF | $6.41 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $487,484 |
| Annual Per SF | $121.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,765 |
| Annual Per SF | $5.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,996 |
| Annual Per SF | $5.25 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $43,761 |
| Annual Per SF | $10.94 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $443,723 |
| Annual Per SF | $110.93 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
1931/2017
Price
$5,388,960 CAD
Price Per SF
$673.62 CAD
Cap Rate
6.50%
NOI
$350,282 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
10’
Building FAR
3.67
Lot Size
0.05 AC
Zoning
C8-1 - Commercial district, great for a pizza shop, a fish and meat market, and next to a newly built public school in an affluent residential neighborhood.
Frontage
Amenities
- Signage
Exceptionally walkable
90/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12959-0017 | Total Assessment | $41,013 CAD |
| Land Assessment | $7,029 CAD | Annual Taxes | $22,765 CAD ($2.85 CAD/SF) |
| Improvements Assessment | $33,984 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
12959-0017
Land Assessment
$7,029 CAD
Improvements Assessment
$33,984 CAD
Total Assessment
$41,013 CAD
Annual Taxes
$22,765 CAD ($2.85 CAD/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Queens Community Realty
Merrick Blvd
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