Sunnyside Corner Commercial Property For
39-04 Skillman Ave Queens, NY 11104
For Sale
$4,599,000
Pending
Income-producing property with gas station, convenience store, and repair shop.
Property Size5,220 SF
Lot Size0.21 Acres
Days on Market94
Property Features for 39-04 Skillman Ave
General Information
- Standard status
- Pending
- Size
- 5,220 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing Agency:
Capri Jet Realty Corp
(646) 226-5533
Listed By:
Thomas Horodecki
(646) 226-5533
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 9:41AM
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 Capri Jet Realty Corp
Investment Insights
Based on property information with market context.
This commercial property in Sunnyside features a leased gas station with a convenience store and a separately leased transmission repair shop. The corner property provides immediate cash flow with long-term upside for investors and developers. The building measures 90 x 58 ft and is situated on a 100 x 90 ft lot. The zoning is M1-4, with a FAR of 0.36 and a maximum FAR of 2. The maximum buildable area is 18,000 SF. The property has strong street frontage, excellent visibility, and steady traffic. It is located in Block 0187, Lot 19. The property is offered as an "As-Is" sale. The location is very bikeable and walkable, with excellent transit options.
Key Highlights
- Income‑producing commercial property with two existing leases providing immediate cash flow.
- Prime corner lot location in Sunnyside with strong street frontage, excellent visibility, and steady traffic.
- Significant redevelopment potential with M1‑4 zoning and a maximum buildable area of 18,000 SF.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $344.5k | $66.00 |
| − Vacancy | −$22.4k | −$4.29 |
| EGI | $322.1k | $61.71 |
| − OpEx | −$80.5k | −$15.43 |
| NOI | $241.6k | $46.28 |
5,220 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.45M
$3.02M – $4.03M
NOI $241,595 @ 7.0% cap · market cap 5.25%
Second Best
Retail
$1.33M
$1.16M – $1.55M
NOI $93,177 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$3.85M
$3.37M – $4.49M
NOI $269,377 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gulf
Gas Station
FAQs
What type of property is this?
Gas station - Income-producing property with gas station, convenience store, and repair shop.
Where is this gas station located?
The property is located at 39-04 Skillman Ave Queens, NY.
What is the asking price?
The asking price for this property is $4,599,000.
What are key features of this property?
This property features: Income‑producing commercial property with two existing leases providing immediate cash flow.; **Prime corner lot location** in Sunnyside with strong street frontage, excellent visibility, and steady traffic.; Significant redevelopment potential with M1‑4 zoning and a maximum buildable area of 18,000 SF.
