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113-119 Jericho Tpke 5 000 pi² 100% Loué Commerce de détail Immeuble Floral Park, NY 11001 4 274 683 $ CAD (854,94 $ CAD/pi²) 6,18% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- The adjacent buildable lot offers a rare opportunity to develop multi-family residences, generating substantial additional income streams.
RÉSUMÉ DE L'ANNONCE
This mixed-use property features two commercial units and two residential units, with the adjacent buildable lot offering a rare opportunity to develop multi-family residences, generating substantial additional income streams. Modern condos in high-demand areas appeal to both long-term tenants and short-term rental markets, providing strong and diversified returns for savvy investors. The landlord provides all rent roll information and is subject to verification. Buyer to perform their own due diligence to confirm accuracy.
Commercial Units:
119 Jericho Turnpike: 1,200 sq. ft. + full basement, currently rented for a Hair & Beauty Salon – $3,900/month
113 Jericho Turnpike: 1,200 sq. ft. + full basement, presently rented for a Massage Therapy Spa – $3,300/month
Residential Units:
115 Jericho Turnpike: Two-bedroom apartments, $1,850/month per unit
117 Jericho Turnpike: Two-bedroom apartments, $1,950/month per unit
All units are fully occupied, providing immediate cash flow, but the property could be delivered vacant or fully occupied, offering flexibility for a new owner. There are no active leases, but the commercial tenants are willing to commit to 10-year leases, providing long-term stability if desired. Tenants pay 70% of real estate taxes, and all units are currently below-market rent, offering strong value-add potential.
The property includes an adjacent parking lot with space for over 10 vehicles and is located in a solid neighborhood.
Financials
Owner Expenses (Actual Property Tax Responsibility):
Property Taxes (owner portion, 30% of $32,000) = $9,600/year
Insurance = $1,500/year
Vestibule/Common Electricity = $1,200/year
Total Expenses: $12,300/year
Current Rent Roll: $132,000/year
Current NOI: $119,700/year
Pro Forma Rent Roll:
Commercial Units: 2 × $4,500/month = $108,000/year
Residential Units: 2 × $4,000/month = $96,000/year
Total Pro Forma Rent Roll: $204,000/year
Pro Forma NOI: $191,700/year
Sales Price: $3,100,000
Current Cap Rate: 4%
Pro Forma Cap Rate: 6.85%
Commercial Units:
119 Jericho Turnpike: 1,200 sq. ft. + full basement, currently rented for a Hair & Beauty Salon – $3,900/month
113 Jericho Turnpike: 1,200 sq. ft. + full basement, presently rented for a Massage Therapy Spa – $3,300/month
Residential Units:
115 Jericho Turnpike: Two-bedroom apartments, $1,850/month per unit
117 Jericho Turnpike: Two-bedroom apartments, $1,950/month per unit
All units are fully occupied, providing immediate cash flow, but the property could be delivered vacant or fully occupied, offering flexibility for a new owner. There are no active leases, but the commercial tenants are willing to commit to 10-year leases, providing long-term stability if desired. Tenants pay 70% of real estate taxes, and all units are currently below-market rent, offering strong value-add potential.
The property includes an adjacent parking lot with space for over 10 vehicles and is located in a solid neighborhood.
Financials
Owner Expenses (Actual Property Tax Responsibility):
Property Taxes (owner portion, 30% of $32,000) = $9,600/year
Insurance = $1,500/year
Vestibule/Common Electricity = $1,200/year
Total Expenses: $12,300/year
Current Rent Roll: $132,000/year
Current NOI: $119,700/year
Pro Forma Rent Roll:
Commercial Units: 2 × $4,500/month = $108,000/year
Residential Units: 2 × $4,000/month = $96,000/year
Total Pro Forma Rent Roll: $204,000/year
Pro Forma NOI: $191,700/year
Sales Price: $3,100,000
Current Cap Rate: 4%
Pro Forma Cap Rate: 6.85%
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement ou propriétaire utilisateur
Condition de vente
Construction sur mesure
Type de propriété
Commerce de détail
Sous-type de propriété
Commerce pied immeuble
Taille du bâtiment
5 000 pi²
Classe d’immeuble
B
Année de construction
2006
Prix
4 274 683 $ CAD
Prix par pi²
854,94 $ CAD
Taux de capitalisation
6,18%
Revenu net d’exploitation
264 341 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,77
Taille du lot
0,15 AC
Stationnement
11 places (2,2 places par 1 000 pi² loué)
Façade
57’ sur Jericho Tpke
Walk Score®
Un paradis pour un marcheur (91)
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
1 de 7
VIDÉOS
VISITE EXTÉRIEURE 3D MATTERPORT
VISITE 3D MATTERPORT
PHOTOS
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RUE
CARTE
Présenté par
Kingsland Properties
113-119 Jericho Tpke
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