Multi-Tenant Industrial
106-20 157th Street, Jamaica, NY 11433
For Sale
New
Contact for pricing
Separate electric gates and curb cuts serve the two occupied workspaces.
Property Size5,114 SF
Lot Size0.17 Acres
Price / SF$469.30
Days on Market7
Property Features for 106-20 157th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Office Build-Out
Mezzanine
Drive-In Doors
Tenancy & Operations
Currently Operating
Tenant in Place
Real Estate Included
Additional Details
Opportunity Zone
Automotive Uses
Property Use
Amenities
electric rolling gate
curb cut
oversized skylight
storage shed
locked gate
wall of windows
windowed offices
customer reception/waiting area
Building Details
Buildings
Stories
Building Size
Tenancy
Listing Agency:
New York Residence Inc
Listed By:
LEONARDO ZAVALA · License #NY
(201) 923-0107
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 3:55PM
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 New York Residence Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-story industrial building contains 5,114 rentable square feet, including an 800-square-foot mezzanine office area. The property is occupied by an iron fabrication business and an auto collision and repair shop; both tenants have operated at the site for ten years. Each workspace has an electric rolling gate and a separate curb cut. Skylights bring natural light into both work areas, and a gated side area includes a storage shed and room for additional parking. The auto repair space includes four offices and a customer reception area, all with windows. Tenants handle repairs and maintenance within their respective leased areas, with lease terms extending into 2028.
The property is in Jamaica, Queens, within a seven-minute walk of the Long Island Rail Road, E, J and Z trains, AirTrain JFK and multiple bus lines. Road access includes the Van Wyck Expressway, Belt Parkway, Hillside Avenue and Grand Central Parkway. The site is zoned M1-4 and lies within a Qualified Opportunity Zone.
The property is in Jamaica, Queens, within a seven-minute walk of the Long Island Rail Road, E, J and Z trains, AirTrain JFK and multiple bus lines. Road access includes the Van Wyck Expressway, Belt Parkway, Hillside Avenue and Grand Central Parkway. The site is zoned M1-4 and lies within a Qualified Opportunity Zone.
Key Highlights
- 5,114 rentable square feet in a one‑story industrial building
- 800 square feet of mezzanine office space
- 75 x 100 square foot lot; building stands 27 feet tall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,285
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,700
$1.8M
Cap Rate 7%
$1,304,071
$1.3M
Cap Rate 9%
$1,014,278
$1.0M
Market Conditions
NOI Build-Up for 5,114 SF
Gross rent
$153.4K $30.00/SF
− Vacancy
−$23.0K −$4.50/SF
EGI
$130.4K $25.50/SF
− OpEx
−$39.1K −$7.65/SF
NOI
$91.3K $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%
$1,825,700
Cap Rate 7%
$1,304,071
Cap Rate 9%
$1,014,278
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,285 @ 7.0% cap · market cap 3.80%
Second Best
Warehouse
$558.1K
$488.3K – $651.1K
NOI $39,066 @ 7.0% cap · market cap 1.63%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $263,907 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Separate electric gates and curb cuts serve the two occupied workspaces.
Where is this manufacturing property located?
The property is located at 106-20 157th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 5,114 rentable square feet in a one‑story industrial building; 800 square feet of mezzanine office space; 75 x 100 square foot lot; building stands 27 feet tall
