3-Unit Mixed-Use
For Sale
$2,188,000
10416 150th Street, Jamaica, NY 11435
Vacant delivery, basement space, high ceilings, and 200-amp power support varied commercial uses.
Property Size9,680 SF
Price / SF$227.92
Days on Market57
Property Features for 10416 150th Street
General Information
Standard status
Active
Size
9,680 SF
Property subtype
Commercial
Zoning
M1-4
Taxes and HOA fees
Annual Taxes
$37,393
Amenities
Excellent Signage
Great Exposure
High 10' Ceilings
Basement
200 Amp Power
All New LED Lighting
A/C
Building Details
Building Size
9,680 SF
Year Built
1931
Buildings
1
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Cornerstonemyhome
Added: Jul 3
Changed: Aug 28
Last Checked: Aug 28 at 11:29AM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This three-unit mixed-use property contains 9,600+ square feet across a building constructed in 1931. The improvements include high 10-foot ceilings, a basement, 200-amp electrical service, air conditioning, and newly installed LED lighting. The property can be delivered vacant, providing flexibility for an owner-user, redevelopment plan, or future occupancy strategy.
The building is located at 10416 150th Street in Jamaica, five blocks from the Jamaica LIRR Station and just off Liberty Avenue. The surrounding commercial presence includes Chase Bank, Toyota, The Home Depot, CubeSmart Self Storage, Safeguard Self Storage, Old Navy, Skechers, CVS, McDonald's, and IHOP. On-site signage and exposure are also noted among the property's features.
The building is located at 10416 150th Street in Jamaica, five blocks from the Jamaica LIRR Station and just off Liberty Avenue. The surrounding commercial presence includes Chase Bank, Toyota, The Home Depot, CubeSmart Self Storage, Safeguard Self Storage, Old Navy, Skechers, CVS, McDonald's, and IHOP. On-site signage and exposure are also noted among the property's features.
Key Highlights
- 9,600+ square feet in a three‑unit mixed‑use building
- Can be delivered vacant
- High 10‑foot ceilings with basement 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
$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
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, basement space, high ceilings, and 200-amp power support varied commercial uses.
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: 9,600+ square feet in a three‑unit mixed‑use building; Can be delivered vacant; High 10‑foot ceilings with basement space
