Multi-Unit Flex/Industrial
For Sale
$2,188,000
10416 150th Street Jamaica, Ny, NY 11435
Three-unit mixed-use building with 10' ceilings, basement, and 200-amp power, offered vacant or delivered vacant.
Property Size9,680 SF
Price / SF$226.03
Days on Market54
Property Features for 10416 150th Street Jamaica
General Information
Standard status
Active
Size
9,680 SF
Zoning
M1-4
Warehouse & Industrial
Clear Height
10 ft
Heavy Power
Yes
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$37,393
Amenities
Full
Yes
Public
No
9680
Building Details
Building Size
9,680 SF
Year Built
1931
Listing Agency:
(718) 684-8000
Listed By:
Mohammed Amran
(718) 684-8000
Source:
Parkassets
Added: Jul 8
Changed: Aug 23
Last Checked: Aug 29 at 5:51AM
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
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.
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 = 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
$140,617
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
6.43%
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%
$2,812,340
$2.8M
Cap Rate 7%
$2,008,814
$2.0M
Cap Rate 9%
$1,562,411
$1.6M
Market Conditions
NOI Build-Up for 9,680 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
$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 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%
$2,812,340
Cap Rate 7%
$2,008,814
Cap Rate 9%
$1,562,411
Alternative Uses
Best Use
Flex RnD
$3.40M
$2.97M – $3.96M
NOI $237,838 @ 7.0% cap · market cap 10.87%
Second Best
Industrial
$2.01M
$1.76M – $2.34M
NOI $140,617 @ 7.0% cap · market cap 6.43%
Theoretical Best
Specialty Retail
$24.09M
$21.08M – $28.11M
NOI $1,686,643 @ 7.0% cap · market cap 77.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
