Queens Flex Space For
213-08 99th Ave Queens, NY 11429
213-08 99th Ave, Queens, NY, 11429
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For Sale
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Flex space suitable for industrial, R&D, office, or medical use.
Property Size6,225 SF
Price / SF$353.41
Days on Market1618
Property Features for 213-08 99th Ave
General Information
- Standard status
- Active
- Size
- 6,225 SF
- Property subtype
- Industrial
Listing Agency
Brown Harris Stevens Garden City
(516) 203-8134
Listed by
David Sargoy · License #NY
Source
Crexi
Added: Feb 10, 2022 Checked: Jul 16 at 3:12 am
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 Brown Harris Stevens Garden City
Investment Insights
Based on property information with market context.
This 6,225 square-foot flex space is suitable for industrial, research and development, office, or medical use. The property is located one block from Jamaica Avenue and in close proximity to JFK airport.
Key Highlights
- Ideal for industrial, R&D, office, or medical use
- Located 1 block from Jamaica Ave
- Close proximity to JFK
Local Financial Insights For Flex RnD
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 | $164.3k | $26.40 |
| − Vacancy | −$12.3k | −$1.98 |
| EGI | $152.0k | $24.42 |
| − OpEx | −$53.2k | −$8.55 |
| NOI | $98.8k | $15.87 |
6,225 SF · lease $26.40/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.41M
$1.24M – $1.65M
NOI $98,809 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$559.4K
$489.5K – $652.7K
NOI $39,161 @ 7.0% cap · market cap 1.78%
Theoretical Best
Office A
$4.59M
$4.02M – $5.35M
NOI $321,240 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Curry Ghar — 90-26 215th Pl, Queens, NY 11428
- Fire chef llc — 100-24 199th St, Queens, NY 11423
- LabadI Restaurant & Lounge (CORMIER) — 207-13 Jamaica Ave, Queens Village, NY 11428
- Antun’s — 96-43 Springfield Blvd, Queens, NY 11429
- Our Village Roti Shop — 21161 Jamaica Ave, Queens Village, NY 11428
FAQs
What type of property is this?
Flex space - Flex space suitable for industrial, R&D, office, or medical use.
Where is this flex space located?
The property is located at 213-08 99th Ave Queens, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Ideal for industrial, R&D, office, or medical use; Located 1 block from Jamaica Ave; Close proximity to JFK
