148-11 175th St - Storefront Retail/Office FOR SALE


Jamaica, NY 11434- Springfield Gardens
$1,720,000 USD
516-779-8423
148-11 175th St, Jamaica, NY for Sale
$1,720,000 USD
Storefront Retail/Office - FOR SALE
1/45
null | 8.73% Cap Rate

148-11 175th St
Jamaica, NY 11434
Springfield Gardens


HIGHLIGHTS

  • High visibility location

OVERVIEW

Prime Location! Across From Motor Vehicle Dept and JFK, 4,620 SQUARE FOOT BUILDING! 4 Units; Auto Mechanic Detailing or Auto Body & Luncheonette on Ground Level with 6 Office upstairs both with 2 separate comon areas and 2 Kitchens and 2 Full baths. 4 Ac Units & 4 Heating Units (Hvac), 17Yr Old Bldg. All New Gas and Electric plus an Elevator. Owner Pays Insurance & Taxes. M1-1 Zoning, 28X100 Lot Size. Downstairs Garage $5300/$63,600 until Sept Oct 2026 but tenant would like to re-new his lease. Luncheonette $2300/$27,600 until Feb 2027. 2 Office net approximately $6,000/$72,000 Expenses: $10,000 Taxes, $3000 Insurance Total Income $163,200 NOI $150,200 Cap Rate 8.73%

FOR SALE DETAILS

PRICE

$1,720,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

8.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Auto Repair, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

M1-1

APN/PARCEL ID

13379-0077

ASK ABOUT THIS PROPERTY

John GandolfoColdwell Banker AMH CommercialMore Info
516-779-8423

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John GandolfoColdwell Banker AMH CommercialMore Info
516-779-8423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.