Building Details

Building Size 9,680 SF

Year Built 1931

Listed By: Mohammed Amran Show Phone

Source: Parkassets

Added: Jul 8 Changed: Oct 14 Last Checked: Oct 7 at 9:00AM

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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 Mohammed Amran

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Investment Insights

Based on property information with market context.

This for-sale mixed-use building offers three units and a total of 9,600+ square feet. The property includes high 10’ ceilings, a basement, and 200-amp power. Reported upgrades include all-new LED lighting and A/C.

The building is located just off Liberty Avenue and is described as being approximately five blocks from the Jamaica LIRR station. Public remarks note excellent signage and exposure, and neighboring businesses include Chase Bank, Toyota, The Home Depot, CubeSmart Self Storage, Safeguard Self Storage, Old Navy, Skechers, CVS, McDonald’s, and IHOP.

Zoning is listed as M1-2A. The entire property is described as deliverable vacant, which may support a range of end-user or redevelopment plans depending on approvals.

Key Highlights

• Three‑unit mixed‑use building with 9,680 total SF
• 10' ceiling heights, basement (full), and 200‑amp power
• All new LED lighting and A/C

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$140,617

Cap Rate

6.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,812,340 $2.8M

Cap Rate 7%

$2,008,814 $2.0M

Cap Rate 9%

$1,562,411 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,680 SF

Gross rent

$212.6K $21.96/SF

− Vacancy

−$11.7K −$1.21/SF

EGI

$200.9K $20.75/SF

− OpEx

−$60.3K −$6.23/SF

NOI

$140.6K $14.53/SF

Area

New York, NY

Vacancy

5.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,812,340

Cap Rate 7%

$2,008,814

Cap Rate 9%

$1,562,411

Alternative Uses

Best Use

Flex RnD

$3.40M

$2.97M – $3.96M (±1% cap)

NOI $237,838 @ 7.0% cap · market cap 10.87%

Second Best

Industrial

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,617 @ 7.0% cap · market cap 6.43%

Theoretical Best

Specialty Retail

$24.09M

$21.08M – $28.11M (±1% cap)

NOI $1,686,643 @ 7.0% cap · market cap 77.09%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Skin Care Clinic Acupuncture Travel Agency

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

Lease Details

10 ft

Clear height

3

Office units

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

3,562

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Three-unit mixed-use building with 10' ceilings, basement, and 200-amp power, offered vacant or delivered vacant.

Where is this flex space located?

The property is located at 10416 150th Street Jamaica Ny, 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 with 9,680 total SF; 10' ceiling heights, basement (full), and 200‑amp power; All new LED lighting and A/C