Three-Unit Mixed-Use
For Sale
$2,188,000
10416 150th Street, Jamaica, NY 11435
Commercial Sale, Jamaica, NY
Property Size9,600 SF
Lot Size0.06 Acres
Price / SF$227.92
Days on Market60
Property Features for 10416 150th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-4
Rooms
Basement
Basement
Full
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Directions
Cross Street: Liberty Avenue
Standard status
Active
APN
10061-0131
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
37393
Utilities
Heating system
Electric (Heating)
Cooling system
Multi Units
Water source
Public
Amenities
Excellent Signage
Great Exposure
High 10' Ceilings
Basement
200 Amp Power
All New LED Lighting
A/C
Building Details
Year built
1931
Building materials
Block
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: Jul 2
Changed: Aug 19
Last Checked: Aug 30 at 7:06PM
MLS# 1021592
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This block-built mixed-use property contains three units and approximately 9,600+ square feet across a 1931 building. Improvements include a basement, 10-foot ceilings, 200-amp electrical service, all-new LED lighting, air conditioning, electric heat, and public water. The entire property can be delivered vacant, providing flexibility for an owner-user or future occupant configuration.
The property is located at 10416 150th Street in Jamaica, five blocks from the Jamaica LIRR Station and just off Liberty Avenue. Nearby businesses include Chase Bank, Toyota, The Home Depot, CubeSmart Self Storage, Safeguard Self Storage, Old Navy, Skechers, CVS, McDonald's, and IHOP. The building also offers signage and exposure along with multiple cooling units.
The property is located at 10416 150th Street in Jamaica, five blocks from the Jamaica LIRR Station and just off Liberty Avenue. Nearby businesses include Chase Bank, Toyota, The Home Depot, CubeSmart Self Storage, Safeguard Self Storage, Old Navy, Skechers, CVS, McDonald's, and IHOP. The building also offers signage and exposure along with multiple cooling units.
Key Highlights
- Three‑unit mixed‑use building with 9,600+ square feet
- Entire property can be delivered vacant
- 10' ceilings, basement, and 200 amp power
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,552
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,471,040
$2.5M
Cap Rate 7%
$1,765,029
$1.8M
Cap Rate 9%
$1,372,800
$1.4M
Market Conditions
NOI Build-Up for 9,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$230.4K $24.00/SF
− Vacancy
−$32.7K −$3.41/SF
EGI
$197.7K $20.59/SF
− OpEx
−$74.1K −$7.72/SF
NOI
$123.6K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,471,040
Cap Rate 7%
$1,765,029
Cap Rate 9%
$1,372,800
Alternative Uses
Best Use
Mixed Use
$1.77M
$1.54M – $2.06M
NOI $123,552 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.08M
$6.19M – $8.26M
NOI $495,406 @ 7.0% cap · market cap 22.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant-delivery property with basement space, elevated ceilings, multiple cooling units, and updated LED lighting.
Where is this mixed-use property located?
The property is located at 10416 150th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $2,188,000.
What are key features of this property?
This property features: Three‑unit mixed‑use building with 9,600+ square feet; Entire property can be delivered vacant; 10' ceilings, basement, and 200 amp power
