Corner Commercial Property that is Fully Occupied
$1,650,000
175-25 139th Road, Jamaica, NY 11434
For Sale
Retail
Active
Last Updated: 10/07/2024
6.47
Cap Rate
106,683
NOI
Details:
Cap Rate: 6.47%
NOI: $106,683
Pro Forma Cap Rate : 8.81%
Building Size: 6,370 sqft
Lot Area: 8,750 sqft
Price Per Sqft: $259
Price Per Unit: $412,500
Zoning: R3-2 / R2 / C1-3
Highlights:
- 4 commercial units fully occupied
- Minimal landlord responsibilities - New Roof installed in Q3 2024
- Immediate upside through rent increases and lease negotiations
- Additional income from wall mounted billboard with potential to increase rents
- Located on Farmers Blvd only a few blocks from the LIRR Locust Manor Train Station
- Easy access to the Belt Parkway with on-ramps headed East and West a short distance away
- Surrounded by a dense residential neighborhood
- Perfect for an Owner-User due to in place lease flexibility
Documents:
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Location
Gallery
