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139 20 109th Avenue 139-20 109th Ave

5,000 SF 100% Leased Industrial Building Jamaica, NY 11435 £2,269,105 (£454/SF) 6.07% Net Initial Yield

Investment Highlights

  • Diverse rental spaces
  • Enviable location
  • Modern updates

Executive Summary

Nestled in a bustling neighborhood, this mixed-use property presents a compelling opportunity. The second floor features a meticulously upgraded apartment with high-quality finishes, fixtures, and modern appliances, offering a comfortable urban living space.
On the first floor, you'll discover a trio of distinct tenants and uses. The first unit houses a broadcaster, the second is dedicated to sign and window manufacturing, and the third operates as an independently run commissary and food preparation facility. This third space is exclusively dedicated to serving the property's largest tenant, Jamaican Jerk, providing food preparation for its food trucks and stations across the city.
Beyond the building, the property encompasses a yard and two additional lots, currently leased for storage by a catering company. This versatile use of space opens doors to additional income streams. What truly sets this property apart is the independently operated commissary and food preparation facility, fully equipped to meet the requirements of a local catering business. This facility adds an extra layer of versatility, making the property an even more attractive investment.
The property operates on a modified gross basis, with tenants contributing to real estate taxes and covering all building utilities, offering a sustainable financial arrangement. Positioned at the corner of 109th Avenue and 141st Street, the property benefits from excellent visibility and access. Its professionally finished exterior with smooth exterior stucco adds a touch of sophistication to its overall appearance.
Contact Alex Adorno at 772-985-2577 to Schedule an Inspection and discuss potential lending options, including Seller financing.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,269,105
Price Per SF £454
Sale Type Investment
Net Initial Yield 6.07%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 0.21 AC
Rentable Building Area 5,000 SF
Number of Floors 2
Year Built/Renovated 1950/2018
Level Access Doors 1

Amenities

  • Bus Route
  • Front Loading
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10069-0125
Land Assessment
£20,070 (2024)
Improvements Assessment
£203,022 (2024)
Total Assessment
£223,092 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code R3A
R3A
  • Listing ID: 29815316

  • Date on Market: 17/10/2023

  • Last Updated:

  • Address: 139-20 109th Ave, Jamaica, NY 11435

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