Jamaica Mixed-Use Commercial
148-11 175th Street Jamaica, NY 11434
148-11 175th Street, Jamaica, NY, 11434
$1,650,000
Pending
For Sale
$1,650,000
Pending
COMMERCIAL - Jamaica, NY
Property Size4,620 SF
Lot Size0.06 Acres
Days on Market543
Property Features for 148-11 175th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- Size
- 4,620 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Block
Listing Agency
Coldwell Banker American Homes
(516) 223-2525
493 Atlantic Ave, East Meadow, NY
Listed by
John C. Gandolfo · License #30GA0946823
(516) 779-8423
Added: Jan 20, 2025 Checked: Jul 17 at 10:06 pm
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 4,620 square foot commercial building is located in Jamaica, NY, near JFK Airport and the Motor Vehicle Department. Constructed 17 years ago, the property features four units and M1-1 zoning. The building includes an elevator, new gas and electric systems, four AC units, and four heating units (HVAC). The lot size is 28x100. The ground level has an auto mechanic/auto body shop and a luncheonette. Upstairs are two offices with two common areas, two kitchens, and two full baths. The downstairs garage is leased for $5300 per month until September/October 2026, with the tenant interested in renewal. The luncheonette is leased for $2300 per month until February 2027. The two offices generate approximately $6,000 per month. The owner is responsible for insurance and taxes. Expenses include $10,000 in taxes and $3,000 in insurance. The total income is $163,200, resulting in a net operating income (NOI) of $150,200 and a cap rate of 8.73%.
Key Highlights
- High Net Operating Income (NOI) of $150,200 and an 8.73% Cap Rate
- Prime location across from the Motor Vehicle Dept and JFK
- 4,620 square foot building with 4 units offering diverse income streams (auto mechanic/body shop, luncheonette, and offices)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $30.00 |
| − Vacancy | −$20.8k | −$4.50 |
| EGI | $117.8k | $25.50 |
| − OpEx | −$35.3k | −$7.65 |
| NOI | $82.5k | $17.85 |
4,620 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Patriots Deli and Grocery
Food Market
Nannybag Luggage Storage
Storage Facility
Similar For Sale Nearby
Similar Off Market Nearby
- 157 AUTO COLLISION INC. — 10620 157th St, South Jamaica, NY 11433
- JNP Service Center Corporation — 156-12 Tuskegee Airmen Way, South Jamaica, NY 11433
- M&A Auto Repair and Collision — 106-42 157th St, Jamaica, NY 11433
- New Line Bodyshop INC — 15619 107th Ave, Jamaica, NY 11433
- Jr Finest Auto Repair Inc. — 15621 107th Ave, Jamaica, NY 11433
FAQs
What type of property is this?
Auto shop - 4,620 SF building with four units near JFK Airport.
Where is this auto shop 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: High Net Operating Income (NOI) of $150,200 and an 8.73% Cap Rate; Prime location across from the Motor Vehicle Dept and JFK; 4,620 square foot building with 4 units offering diverse income streams (auto mechanic/body shop, luncheonette, and offices)
