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Merrick Blvd 8,000 SF 100% Leased Retail Building Laurelton, NY 11413 $5,228,300 CAD ($653.54 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
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 |
$497,843
|
$124.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$24,892
|
$6.22
|
| Effective Gross Income |
$472,951
|
$118.24
|
| Taxes |
$22,087
|
$5.52
|
| Operating Expenses |
$20,370
|
$5.09
|
| Total Expenses |
$42,457
|
$10.61
|
| Net Operating Income |
$430,494
|
$107.62
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $497,843 |
| Annual Per SF | $124.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $24,892 |
| Annual Per SF | $6.22 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $472,951 |
| Annual Per SF | $118.24 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,087 |
| Annual Per SF | $5.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,370 |
| Annual Per SF | $5.09 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,457 |
| Annual Per SF | $10.61 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $430,494 |
| Annual Per SF | $107.62 |
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
$5,228,300 CAD
Price Per SF
$653.54 CAD
Cap Rate
6.50%
NOI
$339,840 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 | $38,393 CAD (2025) |
| Land Assessment | $6,899 CAD (2025) | Annual Taxes | $22,087 CAD ($2.76 CAD/SF) |
| Improvements Assessment | $31,494 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
12959-0017
Land Assessment
$6,899 CAD (2025)
Improvements Assessment
$31,494 CAD (2025)
Total Assessment
$38,393 CAD (2025)
Annual Taxes
$22,087 CAD ($2.76 CAD/SF)
Tax Year
2026
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Queens Community Realty
Merrick Blvd
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