Mixed-Use Portfolio with Warehouse
For Sale
Contact for pricing
158-08 Rockaway Blvd, Jamaica, NY 11434
Three vacant-delivery properties combine industrial functionality, office areas, and two residential apartments under M1-1 zoning.
Property Size5,865 SF
Price / SF$545.61
Days on Market211
Property Features for 158-08 Rockaway Blvd
General Information
Standard status
Active
Size
5,865 SF
Property subtype
Industrial, Retail
Zoning
M1-1
Investment Type
Owner/User
Building Details
Buildings
3
Stories
2
Units
3
Listing Agency:
Cushman & Wakefield New York
(718) 307-6517
Listed By:
Dylan Walsh · License #10401384207
Source:
Crexi
Added: Feb 2
Changed: Aug 31
Last Checked: Aug 30 at 3:37AM
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 Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
This three-property mixed-use portfolio includes office and warehouse improvements across three tax lots, along with two residential apartments. The properties are currently owner-occupied and are expected to be delivered vacant, creating flexibility for an owner-user or investor seeking a combination of industrial space and residential components. The recorded property size is 5,865.
The portfolio includes 158-08 Rockaway Boulevard, 158-10 Rockaway Boulevard, and 144-11 158th Street in Springfield Gardens, Queens. Its location provides access to JFK Airport, the Belt Parkway, and Interstate 678, connecting the properties with New York City and Long Island. The zoning designation is M1-1.
The portfolio includes 158-08 Rockaway Boulevard, 158-10 Rockaway Boulevard, and 144-11 158th Street in Springfield Gardens, Queens. Its location provides access to JFK Airport, the Belt Parkway, and Interstate 678, connecting the properties with New York City and Long Island. The zoning designation is M1-1.
Key Highlights
- Three‑property portfolio spanning 158‑08 and 158‑10 Rockaway Boulevard plus 144‑11 158th Street
- Office and warehouse improvements with two residential apartments
- Properties are currently owner‑occupied and will be delivered vacant
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
$193,098
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
6.03%
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%
$3,861,960
$3.9M
Cap Rate 7%
$2,758,543
$2.8M
Cap Rate 9%
$2,145,533
$2.1M
Market Conditions
NOI Build-Up for 5,865 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
$295.6K $50.40/SF
− Vacancy
−$38.1K −$6.50/SF
EGI
$257.5K $43.90/SF
− OpEx
−$64.4K −$10.97/SF
NOI
$193.1K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$3,861,960
Cap Rate 7%
$2,758,543
Cap Rate 9%
$2,145,533
Alternative Uses
Best Use
Office B
$2.76M
$2.41M – $3.22M
NOI $193,098 @ 7.0% cap · market cap 6.03%
Second Best
Flex RnD
$1.33M
$1.16M – $1.55M
NOI $93,095 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,662 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three vacant-delivery properties combine industrial functionality, office areas, and two residential apartments under M1-1 zoning.
Where is this mixed-use property located?
The property is located at 158-08 Rockaway Blvd Jamaica, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Three‑property portfolio spanning 158‑08 and 158‑10 Rockaway Boulevard plus 144‑11 158th Street; Office and warehouse improvements with two residential apartments; Properties are currently owner‑occupied and will be delivered vacant
