Versatile Space Near Subway
For Sale
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86-30 103rd Ave, Queens, NY 11417
11,748 sqft space suitable for industrial or retail use.
Property Size11,748 SF
Price / SF$336.23
Days on Market739
Property Features for 86-30 103rd Ave
General Information
Standard status
Active
Size
11,748 SF
Property subtype
Industrial
Zoning
R6-B / R4-1 / C2-3
Building Details
Buildings
1
Listing Agency:
Greiner-Maltz Company of New York, Inc.
Listed By:
Jonathan Rothstein · License #NY
Source:
Crexi
Added: Oct 16, 2024
Changed: Oct 15
Last Checked: Oct 23 at 5:21AM
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 Greiner-Maltz Company of New York, Inc.
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Investment Insights
Based on property information with market context.
This property, formerly a baseball practice facility, offers 11,748 sqft of versatile space suitable for both industrial and retail applications. The building benefits from a new roof, which reduces potential maintenance issues. The property is located a short distance from the A-train subway station, approximately a 2-minute walk, providing convenient access for pedestrians and vehicular traffic. The property is equipped with gas, sprinklers, and heavy power.
Key Highlights
- 11,748 sq.ft of versatile space suitable for industrial or retail use.
- 2‑minute walk to the A‑train subway station.
- New roof minimizes maintenance concerns.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,476
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,729,520
$3.7M
Cap Rate 7%
$2,663,943
$2.7M
Cap Rate 9%
$2,071,956
$2.1M
Market Conditions
NOI Build-Up for 11,748 SF
Gross rent
$310.1K $26.40/SF
− Vacancy
−$23.3K −$1.98/SF
EGI
$286.9K $24.42/SF
− OpEx
−$100.4K −$8.55/SF
NOI
$186.5K $15.87/SF
Area
Queens County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,729,520
Cap Rate 7%
$2,663,943
Cap Rate 9%
$2,071,956
Alternative Uses
Best Use
Flex RnD
$2.66M
$2.33M – $3.11M
NOI $186,476 @ 7.0% cap · market cap 4.72%
Second Best
Industrial
$1.06M
$923.8K – $1.23M
NOI $73,906 @ 7.0% cap · market cap 1.87%
Theoretical Best
Office A
$8.66M
$7.58M – $10.10M
NOI $606,253 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,922
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Adrian & Rocky's Catering Corporation — 13208 Cross Bay Blvd, Jamaica, NY 11417
Frequently Asked Questions
What type of property is this?
Flex space - 11,748 sqft space suitable for industrial or retail use.
Where is this flex space located?
The property is located at 86-30 103rd Ave Queens, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 11,748 sq.ft of versatile space suitable for industrial or retail use.; 2‑minute walk to the A‑train subway station.; New roof minimizes maintenance concerns.
