Corner Gas Station with Convenience
4311 SKILLMAN AVE Long Island City, NY 11104
For Sale
$4,599,000
Leased gas station and convenience store on a corner lot, with a separately leased transmission repair shop, offered as-is.
Property Size3,241 SF
Lot Size0.21 Acres
Price / SF$1,419
Days on Market216
Property Features for 4311 SKILLMAN AVE
General Information
- Standard status
- Active
- Size
- 3,241 SF
- Lot size
- 0.21 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing Agency:
Capri Jet Realty Corp
(646) 226-5533
Listed By:
Thomas Horodecki
(646) 226-5533
Source:
Xome
Added: Dec 19, 2025
Changed: Jul 23
Last Checked: Jul 23 at 8:13AM
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 income-producing corner commercial property includes a leased gas station with a convenience store, along with a separately leased transmission repair shop. The offering is presented on an “as-is” basis, and financials are available upon request.
The site features a 90 x 58 ft building and a 100 x 90 ft lot configuration. The property is designated under zoning M1-4, with an FAR of 0.36 and a max FAR of 2. The maximum buildable area is stated as 18,000 SF (per the provided materials).
The parcel is identified as Block/Lot 0187/19, and the transaction is for sale.
The site features a 90 x 58 ft building and a 100 x 90 ft lot configuration. The property is designated under zoning M1-4, with an FAR of 0.36 and a max FAR of 2. The maximum buildable area is stated as 18,000 SF (per the provided materials).
The parcel is identified as Block/Lot 0187/19, and the transaction is for sale.
Key Highlights
- Corner commercial lot in Sunnyside with a leased gas station and convenience store plus a separately leased transmission repair shop
- Building size 90 x 58 ft with lot size 100 x 90 ft
- Zoned M1‑4 with FAR 0.36; max FAR 2; max buildable area 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 | $213.9k | $66.00 |
| − Vacancy | −$13.9k | −$4.29 |
| EGI | $200.0k | $61.71 |
| − OpEx | −$50.0k | −$15.43 |
| NOI | $150.0k | $46.28 |
3,241 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.14M
$1.88M – $2.50M
NOI $150,002 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$826.5K
$723.2K – $964.2K
NOI $57,852 @ 7.0% cap · market cap 1.26%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,251 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
FAQs
What type of property is this?
Gas station - Leased gas station and convenience store on a corner lot, with a separately leased transmission repair shop, offered as-is.
Where is this gas station located?
The property is located at 4311 SKILLMAN AVE Long Island City, 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: Corner commercial lot in Sunnyside with a leased gas station and convenience store plus a separately leased transmission repair shop; Building size 90 x 58 ft with lot size 100 x 90 ft; Zoned M1‑4 with FAR 0.36; max FAR 2; max buildable area 18,000 SF
