230-02 S Conduit Ave
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230-02 S Conduit Ave
1,800 SF 100% Leased Retail Building Jamaica, NY 11413 $988,000 ($549/SF)
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 1,800 Sqft. Corner Retail Building With Cell Tower On S. Conduit Avenue For Sale!!!
- The Property Is Located In The Heart Of Springfield Gardens On Busy S. Conduit Avenue Minutes From JFK Airport & Green Acres Mall!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure, R4B/C1-3 Zoning, 6 Parking Spaces, Basement, High 10’ Ceilings, 200 Amp Power, CAC, +++!!!
- Neighbors Include UPS, Toyota, Hyundai, Capital One, Bank Of America, Walmart, The Home Depot, Target, Stop & Shop, Best Buy, Edible Arrangements, ++!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 1,800 Sqft. Corner Retail Building With Cell Tower On S. Conduit Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, R4B Zoning, 6 Parking Spaces, 1,800 Sqft. Basement, High 10’ Ceilings, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Springfield Gardens On Busy S. Conduit Avenue Minutes From JFK Airport & Green Acres Mall!!! Neighbors Include UPS, Toyota, Hyundai, Capital One, Bank Of America, Walmart, The Home Depot, Target, Stop & Shop, Best Buy, Edible Arrangements, PetSmart, Exxon, Primark, Dick’s Sporting Goods, Sonic, McDonald’s, Checkers, Popeye’s Louisiana Kitchen, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Deli (1,800 Sqft. + 1,800 Sqft. LL): $52,800 Ann.; Lease Exp.: 11/1/2029.
Verizon Tower: $24,000 Ann.; Lease Exp.: 2053.
2 Parking Spaces (Landscaper): $6,000 Ann. M-M.
Gross Income: $82,800 Ann.
Expenses:
Gas: $0
Electric: $0
Water & Sewer: $700 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,803 Ann.
Taxes: $17,579.76 Ann.
Total Expenses: $21,332.76 Ann.
Net Operating Income (NOI): $61,467.24 Ann.
Income:
Deli (1,800 Sqft. + 1,800 Sqft. LL): $52,800 Ann.; Lease Exp.: 11/1/2029.
Verizon Tower: $24,000 Ann.; Lease Exp.: 2053.
2 Parking Spaces (Landscaper): $6,000 Ann. M-M.
Gross Income: $82,800 Ann.
Expenses:
Gas: $0
Electric: $0
Water & Sewer: $700 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,803 Ann.
Taxes: $17,579.76 Ann.
Total Expenses: $21,332.76 Ann.
Net Operating Income (NOI): $61,467.24 Ann.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$82,800
|
$46.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,800
|
$46.00
|
| Taxes |
$17,579
|
$9.77
|
| Operating Expenses |
$3,753
|
$2.09
|
| Total Expenses |
$21,332
|
$11.85
|
| Net Operating Income |
$61,468
|
$34.15
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $82,800 |
| Annual Per SF | $46.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,800 |
| Annual Per SF | $46.00 |
| Taxes | |
|---|---|
| Annual | $17,579 |
| Annual Per SF | $9.77 |
| Operating Expenses | |
|---|---|
| Annual | $3,753 |
| Annual Per SF | $2.09 |
| Total Expenses | |
|---|---|
| Annual | $21,332 |
| Annual Per SF | $11.85 |
| Net Operating Income | |
|---|---|
| Annual | $61,468 |
| Annual Per SF | $34.15 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
1,800 SF
Building Class
C
Year Built
1933
Price
$988,000
Price Per SF
$549
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Land Acres
0.08 AC
Zoning
R4B/C1-3
Parking
6 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Freeway Visibility
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Verizion
- Information
- -
- -
- Full Service Gross
- Dec 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Verizion | Information | - | - | Full Service Gross | Dec 2025 |
PROPERTY TAXES
| Parcel Number | 13514-0001 | Total Assessment | $162,450 |
| Land Assessment | $73,350 | Annual Taxes | $17,579 ($9.77/SF) |
| Improvements Assessment | $89,100 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
13514-0001
Land Assessment
$73,350
Improvements Assessment
$89,100
Total Assessment
$162,450
Annual Taxes
$17,579 ($9.77/SF)
Tax Year
2023
-
Matthew Shane -
All Island Commercial
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230-02 S Conduit Ave
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