Mixed-Use Building with
For Sale
$1,650,000
Pending
148-11 175th Street, Jamaica, NY 11434
Commercial Sale, Jamaica, NY
Property Size4,620 SF
Lot Size0.06 Acres
Days on Market592
Property Features for 148-11 175th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
See map
Standard status
Pending
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10000
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
HVAC
Elevator
Kitchen
Bath
Common Area
Building Details
Year built
2008
Floors in Building
2
Number of units
4
Building materials
Block
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
(516) 223-2525
Listed By:
John C. Gandolfo · License #30GA0946823
(516) 779-8423
Added: Jan 20, 2025
Changed: Aug 19
Last Checked: Sep 4 at 4:06AM
MLS# 815627
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 mixed-use property at 148-11 175th Street contains a 4,620-square-foot, four-unit building on a 28-by-100-foot lot. The ground level includes an auto-oriented space and a luncheonette, while office areas are located upstairs. The property also includes two separate common areas, two kitchens, and two full bathrooms. An elevator provides access between levels.
Constructed in 2008, the building has block construction, central air, forced-air heating, and natural gas service. The electrical and gas systems are described as new, and the property includes four AC units and four heating units. Public water and public sewer serve the building. It is zoned M1-1 and sits across from a motor vehicle department and near JFK in Jamaica, Queens.
Constructed in 2008, the building has block construction, central air, forced-air heating, and natural gas service. The electrical and gas systems are described as new, and the property includes four AC units and four heating units. Public water and public sewer serve the building. It is zoned M1-1 and sits across from a motor vehicle department and near JFK in Jamaica, Queens.
Key Highlights
- 4,620‑square‑foot mixed‑use building with 4 units
- 28X100 lot in Jamaica, NY
- M1‑1 zoning with auto‑oriented and luncheonette space
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
$82,467
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
5.00%
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%
$1,649,340
$1.6M
Cap Rate 7%
$1,178,100
$1.2M
Cap Rate 9%
$916,300
$916.3K
Market Conditions
NOI Build-Up for 4,620 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
$138.6K $30.00/SF
− Vacancy
−$20.8K −$4.50/SF
EGI
$117.8K $25.50/SF
− OpEx
−$35.3K −$7.65/SF
NOI
$82.5K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,649,340
Cap Rate 7%
$1,178,100
Cap Rate 9%
$916,300
Alternative Uses
Best Use
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,825 @ 7.0% cap · market cap 12.96%
Second Best
Office B
$2.17M
$1.90M – $2.54M
NOI $152,108 @ 7.0% cap · market cap 9.22%
Theoretical Best
Office A
$3.41M
$2.98M – $3.97M
NOI $238,414 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit property combines auto-oriented ground-floor space, a luncheonette, and office areas in an M1-1-zoned building.
Where is this mixed-use property located?
The property is located at 148-11 175th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 4,620‑square‑foot mixed‑use building with 4 units; 28X100 lot in Jamaica, NY; M1‑1 zoning with auto‑oriented and luncheonette space
