Versatile Space Near Subway
86-30 103rd Ave Queens, NY 11417
86-30 103rd Ave, Queens, NY, 11417
Contact for pricing
For Sale
Contact for pricing
11,748 sqft space suitable for industrial or retail use.
Property Size11,748 SF
Price / SF$336.23
Days on Market644
Property Features for 86-30 103rd Ave
General Information
- Standard status
- Active
- Size
- 11,748 SF
- Property subtype
- Industrial
Listing agency
Greiner-Maltz Company of New York, Inc.
Listed by
Jonathan Rothstein · License #NY
Source
Crexi
Added: Oct 16, 2024 Updated: Jul 6 at 8:16AM Checked: Jul 20 at 2:16AM
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.
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.
Local Financial Insights For 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 | $352.4k | $30.00 |
| − Vacancy | −$52.9k | −$4.50 |
| EGI | $299.6k | $25.50 |
| − OpEx | −$89.9k | −$7.65 |
| NOI | $209.7k | $17.85 |
11,748 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.00M
$2.62M – $3.50M
NOI $209,702 @ 7.0% cap · market cap 5.31%
Second Best
Flex RnD
$2.66M
$2.33M – $3.11M
NOI $186,476 @ 7.0% cap · market cap 4.72%
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 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
- Adrian & Rocky's Catering Corporation — 13208 Cross Bay Blvd, Jamaica, NY 11417
FAQs
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.
