3-Unit Mixed-Use
For Sale
$2,188,000
10416 150th Street, Jamaica, NY 11435
Basement space, air conditioning, and high ceilings are among the building’s existing features.
Property Size9,680 SF
Price / SF$226.03
Days on Market114
Property Features for 10416 150th Street
General Information
Standard status
Active
Size
9,680 SF
Property subtype
Commercial
Zoning
M1-4
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
mixed-use
Taxes and HOA fees
Annual Taxes
$37,393
Amenities
basement
200 amp power
led lighting
a/c
Building Details
Building Size
9,680 SF
Year Built
1931
Buildings
1
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Croninreale
Added: Jul 3
Changed: Oct 23
Last Checked: Oct 23 at 5:17PM
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
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Investment Insights
Based on property information with market context.
Built in 1931, this three-unit mixed-use building includes high ceilings, a basement, air conditioning, 200-amp electrical service, and LED lighting. The property can be delivered vacant.
The building is just off Liberty Avenue and five blocks from the Jamaica LIRR station. Nearby businesses include Chase Bank, Toyota, The Home Depot, CubeSmart Self Storage, Old Navy, CVS, McDonald’s, and IHOP.
The building is just off Liberty Avenue and five blocks from the Jamaica LIRR station. Nearby businesses include Chase Bank, Toyota, The Home Depot, CubeSmart Self Storage, Old Navy, CVS, McDonald’s, and IHOP.
Key Highlights
- Three‑unit mixed‑use building
- 200‑amp electrical service
- High ceilings and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,582
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,491,640
$2.5M
Cap Rate 7%
$1,779,743
$1.8M
Cap Rate 9%
$1,384,244
$1.4M
Market Conditions
NOI Build-Up for 9,680 SF
Gross rent
$232.3K $24.00/SF
− Vacancy
−$33.0K −$3.41/SF
EGI
$199.3K $20.59/SF
− OpEx
−$74.7K −$7.72/SF
NOI
$124.6K $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 Rate 5%
$2,491,640
Cap Rate 7%
$1,779,743
Cap Rate 9%
$1,384,244
Alternative Uses
Best Use
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,582 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.14M
$6.24M – $8.33M
NOI $499,534 @ 7.0% cap · market cap 22.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Basement space, air conditioning, and high ceilings are among the building’s existing features.
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; 200‑amp electrical service; High ceilings and basement
