Building Details

Building Size 4,800 SF

Year Built 1901

Stories 3

Units 3

Listing Agency: Vision Homes Real Estate LLC r***@yahoo.com Show Phone

Listed By: Sandeep Bajaj · License #10301222525 Show Phone

Source: Croninreale

Added: Apr 24 Changed: Oct 23 Last Checked: Oct 23 at 9:50AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vision Homes Real Estate LLC

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Investment Insights

Based on property information with market context.

This storefront property comprises 4,800 square feet and was built in 1901. Its corner position places it at 103-01 101st Avenue in Jamaica, New York. The property’s zoning designation is 14.

Key Highlights

• 4,800 square feet of storefront space
• Built in 1901
• Zoning designation: 14

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$85,680

Cap Rate

5.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,713,600 $1.7M

Cap Rate 7%

$1,224,000 $1.2M

Cap Rate 9%

$952,000 $952.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$144.0K $30.00/SF

− Vacancy

−$21.6K −$4.50/SF

EGI

$122.4K $25.50/SF

− OpEx

−$36.7K −$7.65/SF

NOI

$85.7K $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 Rate 5%

$1,713,600

Cap Rate 7%

$1,224,000

Cap Rate 9%

$952,000

Alternative Uses

Best Use

Specialty Retail

$3.17M

$2.78M – $3.70M (±1% cap)

NOI $222,156 @ 7.0% cap · market cap 13.08%

Second Best

Retail

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,680 @ 7.0% cap · market cap 5.04%

Theoretical Best

Office A

$3.54M

$3.10M – $4.13M (±1% cap)

NOI $247,703 @ 7.0% cap · market cap 14.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Cafe & Coffee Shop Gym & Fitness Center Skin Care Clinic Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,672

Businesses Nearby

136k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 41% Dining 35% Groceries 14% Electronics 4%

Golden Farms Groceries

19,299 visits/mo 0.1 miles

BP Shops & Services

19,220 visits/mo 0.3 miles

Chase Bank Shops & Services

17,351 visits/mo 0.1 miles

Burger King Dining

12,433 visits/mo 0.3 miles

Popeyes Louisiana Kitchen Dining

11,640 visits/mo 0.3 miles

Demographics for 11416, NY

28,381

Population

8,047

Households

3.5

Avg Household Size

35

Median Age

25%

College-Educated

78%

High-School Grad

0.7 sq mi

ZIP Area

40,544

Density / Sq Mi

$85,544

Median Household Income

$43,899

Median Earnings

$1,964

Median Rent

$733,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Liberty Florists — 902 Liberty Ave, Brooklyn, NY 11208
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Frequently Asked Questions

What type of property is this?

Storefront property - The property occupies a corner location in Jamaica.

Where is this storefront property located?

The property is located at 103-01 101st Avenue Jamaica, NY.

What is the asking price?

The asking price for this property is $1,699,000.

What are key features of this property?

This property features: 4,800 square feet of storefront space; Built in 1901; Zoning designation: 14