Jerusalem Center | 16 Middle Country Rd
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Jerusalem Center 16 Middle Country Rd
10,000 SF 55% Leased Retail Building Coram, NY 11727 £2,386,473 (£239/SF) 7.05% Net Initial Yield
Investment Highlights
- Heavy daytime foot and car traffic.
Executive Summary
This property is offered subject to omissions, errors, change in price and withdrawal without notice. Inspection of property by appointment only. Do not disturb tenants.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£265,681
|
£26.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£265,681
|
£26.57
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£97,421
|
£9.74
|
| Net Operating Income |
£168,260
|
£16.83
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £265,681 |
| Annual Per SF | £26.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £265,681 |
| Annual Per SF | £26.57 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £97,421 |
| Annual Per SF | £9.74 |
| Net Operating Income | |
|---|---|
| Annual | £168,260 |
| Annual Per SF | £16.83 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
1979
Price
£2,386,473
Price Per SF
£239
Net Initial Yield
7.05%
NOI
£168,260
Percent Leased
55%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Lot Size
1.26 AC
Parking
56 Spaces (5.6 Spaces per 1,000 SF Leased)
Frontage
179 ft on Middle Country Rd
Amenities
- Bus Route
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
About 16 Middle Country Rd , Coram, NY 11727
One story building - 9 stores. Small shopping center with 278 parking spaces.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Deli Bee Express
- -
- 1,500 SF
- -
- -
- Keyby's Bella Beauty Salon & Spa Inc.
- -
- 500 SF
- -
- -
- Latin Fashion Barber Shop
- -
- 56 SF
- -
- -
- Santy's Gift Shop
- -
- 56 SF
- -
- -
- Sesy Beauty Salon
- -
- 500 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Deli Bee Express | - | 1,500 SF | - | - | ||
| Keyby's Bella Beauty Salon & Spa Inc. | - | 500 SF | - | - | ||
| Latin Fashion Barber Shop | - | 56 SF | - | - | ||
| Santy's Gift Shop | - | 56 SF | - | - | ||
| Sesy Beauty Salon | - | 500 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Inline retail; former clothing store. Call owner for rental rate.
Inline retail; former clothing store. Call owner for rental rate.
Inline, former Smoke Shop. Call owner for rental rate.
| Space | Size | Space Use | Position | Available |
| 16-05 | 910-1,820 SF | Retail | In-Line | Now |
| 16-06 | 910-1,820 SF | Retail | In-Line | Now |
| 16-08 | 910 SF | Retail | In-Line | Now |
16-05
| Size |
| 910-1,820 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
16-06
| Size |
| 910-1,820 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
16-08
| Size |
| 910 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
16-05
| Size | 910-1,820 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline retail; former clothing store. Call owner for rental rate.
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
16-06
| Size | 910-1,820 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline retail; former clothing store. Call owner for rental rate.
16-08
| Size | 910 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, former Smoke Shop. Call owner for rental rate.
PROPERTY TAXES
| Parcel Number | 0200-430-00-03-00-022-001 | Improvements Assessment | £8,333 (2023) |
| Land Assessment | £743 (2023) | Total Assessment | £9,076 (2023) |
PROPERTY TAXES
Parcel Number
0200-430-00-03-00-022-001
Land Assessment
£743 (2023)
Improvements Assessment
£8,333 (2023)
Total Assessment
£9,076 (2023)
1 of 26
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Jerusalem Center | 16 Middle Country Rd
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