139 20 109th Avenue | 139-20 109th Ave
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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.
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 | Building Class | B |
Price Per SF | £454 | Lot Size | 0.21 AC |
Sale Type | Investment | Rentable Building Area | 5,000 SF |
Net Initial Yield | 6.07% | Number of Floors | 2 |
Property Type | Industrial | Year Built/Renovated | 1950/2018 |
Property Subtype | Warehouse | Level Access Doors | 1 |
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
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PROPERTY TAXES
Parcel Number | 10069-0125 | Total Assessment | £223,092 (2024) |
Land Assessment | £20,070 (2024) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £203,022 (2024) | Tax Year | 2023 |
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 |
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139 20 109th Avenue | 139-20 109th Ave
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