148-11 175th Street Jamaica, NY 11434
- Added:
- Jan 20, 2025
- Days on Market:
- 472
- Last Refresh:
- May 7 at 10:06 am
Property Features for 148-11 175th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,620 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Block
Listing agent John C. Gandolfo License #30GA0946823 (516) 779-8423
Listing office Coldwell Banker American Homes 493 Atlantic Ave, East Meadow, NY (516) 223-2525
Listing date Jan 20, 2025
MLS# 815627
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Net Operating Income (NOI) of $150,200 and an 8.73% Cap Rate
- Prime location across from the Motor Vehicle Dept and JFK
- 4,620 square foot building with 4 units offering diverse income streams (auto mechanic/body shop, luncheonette, and offices)
- New gas and electric systems, plus an elevator
- Relatively new construction (built in 2008)
- M1‑1 Zoning offering flexible usage possibilities
Overview
Jamaica Commercial Building For Sale
This commercial building, located in Jamaica, NY, offers 4,620 square feet of space. Constructed 17 years ago, the building features four units: an auto mechanic/auto body shop and a luncheonette on the ground level, with two office spaces located upstairs. The property includes four AC units and four heating units (HVAC), along with an elevator. The owner is responsible for insurance and taxes. The property is zoned M1-1 and sits on a 28x100 lot, which is approximately 0.0643 acres. The building has new gas and electric systems. The downstairs garage is currently leased for $5,300 per month ($63,600 annually) until September/October 2026, with the tenant interested in renewing. The luncheonette is leased for $2,300 per month ($27,600 annually) until February 2027. The two office spaces generate approximately $6,000 per month ($72,000 annually). The property's expenses include $10,000 in taxes and $3,000 in insurance. The total income is $163,200, resulting in a net operating income (NOI) of $150,200 and a cap rate of 8.73%. The property is located across from the Motor Vehicle Department and near JFK airport.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Patriots Deli and Grocery
Food Market
Nannybag Luggage Storage
Storage Facility
Similar Places Nearby
- 157 AUTO COLLISION INC. — 10620 157th St, South Jamaica, NY 11433
- JNP Service Center Corporation — 156-12 Tuskegee Airmen Way, South Jamaica, NY 11433
- M&A Auto Repair and Collision — 106-42 157th St, Jamaica, NY 11433
- New Line Bodyshop INC — 15619 107th Ave, Jamaica, NY 11433
- Jr Finest Auto Repair Inc. — 15621 107th Ave, Jamaica, NY 11433
Location Insight
- Map
- Local Demand
- City
- Jamaica
- County
- Queens
- State
- New York
- Longitude
- -73.787801
- Latitude
- 40.711013
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - 4,620 SF building with multiple units and diverse income streams.
Where is this auto shop located?
The property is located at 148-11 175th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $150,200 and an 8.73% Cap Rate; Prime location across from the Motor Vehicle Dept and JFK; 4,620 square foot building with 4 units offering diverse income streams (auto mechanic/body shop, luncheonette, and offices)
