Investment Opportunity - storage.googleapis.com€¦ · Investment Opportunity. Mapit Realty A Full Service Commercial and Residential Real Estate Company Introduction Mapit Realty

Mapit RealtyA Full Service Commercial and Residential Real Estate Company

224-11 141st Ave, Laurelton, NY 11413, USA

Investment Opportunity


Introduction

Mapit Realty has been exclusively retained to arrange for the sale of a one story commercial retail building constructied in 1935. Building size is 100 X 70, lot size is 100 X 80。 Located at the northeast corner of 224-01 to 11 141st Ave in the heart of Laurelton, Queens. The long-term owned building is currently split into 7 retail units which are fully leased.

The subject property offers 7000sqft multi-tenant retail property, it rests on a 8000sqft lot, and has 100 feet of frontage on 141st Avenue. The property is currently 100% occupied, which has tremendous upside for a end user or investor.

This high traffic area is surrounded by 1 and 2 family dwellings with the LIRR station located just 2blocks away.

Laurelton has population of 70,138 of which 54.7% is Female and 45.3% is male. Has 21,764 total households with average hould hold income $98,738.00

Contact Exclusive Broker:Lin Han Direct: 646-662-8888Email: [email protected]

Ran Dan Pan Direct: 347-630-6498Email: [email protected]


Confidentiality DisclaimerThe information contained in the following Marketing Brochure is proprietaey and strictly confidential. It's intended to be reviewed only by the party receiving it form Mapit Realty and should not be made avaible to any other person or entity without the written consent of Mapit Realty. However, that such Confidential Information may be disclosed to Recipient’s directors, officers, employees, agents, advisors or other representatives (collectively “Representatives”) who need to know such information solely in connection with the Business Opportunity; provided that all such Representatives shall be informed by Recipient of the confidential nature of such Confidential Information. This marketing Brochure has been establish only a preliminary summary, unverified information to prospective purchaser, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitue for a thorough due diligence investigation. Mapit Realty has not made any investigation, and makes no warranty or representation, with respect to the income or expense for the subject property, the future projected financial performance of the property, the size and square foorafe of the property and improvements, the presence or absence of contaminating substanes, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtain from sources we believe to be reliable; however, Mapit Realty has not verifed, and will not verify, any of the information contained herein, nor has Mapit Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyer must take appropriate measures to verify all of the infomation set forth herein.


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Investment HighlightsAddress: 224-11 141st Ave, Laurelton, NY 11413, USA

Block:13150 Lots:0005

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High visibility building on a busy intersection of 141st Ave and 224th Street

All Tenants have annual rental increases of 3%

100 feet of frontage on 141st Ave

Fully occupied with local retailers and restaurant

Minimal management NYC commercial asset

One and half block away from LIRR

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Located in well established neighborhood

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7,000 square foot multi-tenant Queens commercial property


Asking Price： $3,200,000

Lot size: 100 x 80 Building Sqft：7000

CAP Rate：3.92% Occupied：100%

Offering Summary

Operating IncomeScheduled Income: $171,096Recapture Tax: $0Recapture CAM: $0Gross Operating Income:$171,096Less Expenses: $45,708

Net Operating Income: $125,388

Annualized ExpensesTaxes： $39,608Insurance: $5,100Maintenance: $1,000

Total Expense: $45,708

Zipcode:11413Borough:QueensNeighborhood: LaureltonBlock : 13150 Lot:0005Lot Dimensions:100 X 80Lot Sqft:8,000Building Class: One Story Retail Zoning Districts: R3-2,C1-3Building Sqft: 7,000Building Dimensions: 100 X 70Stories:1Has Garage: No Year Built:1935Year Last Altered:1991


Tenant Rent Roll

Tenant Name | Monthly Rent | Annual Rent |

1. Deli $2,900.00 $34,800.00

2. Mini Mart $1,200.00 $14,400.00

3. Laundromat $1,600.00 $19,200.00

4. Sign Store $2,000.00 $24,000.00

5. Jamaican Restaurant $2,808.00 $33,696.00

6. Beauty Parlor $2,200.00 $26,400.00

7. Side Store $1,300.00 $15,600.00

8. Ads Space $250.00 $3,000.00

Total $14,258.00 $171,096.00

Map

Mapit RealtyA Full Service Residencial and Commercial Real Estate Company


Additional Pictures

Demographics

Mapit RealtyA Full Service Residencial and Commercial Real Estate Company


项目占地8000平方英尺，建筑面积7000平方英尺，为一层零售商业建筑，共有7个单元，位于Laurelton社

区，该社区是皇后区一个以中产阶级居住为主的社区, 年均收入$98,738/户。项目地位于224th St 和 141th

St交界处，易停车，邻近主要通道，近长岛火车站，附近住宅区密集，同类零售商业建筑少，竞争对手

少，非常适合做社区生活服务类零售商店，现年租金收入约$171,096，年平均支出约$45,708，年约净利

润$125,388，年投资回报率3.92%，是个非常具潜力和性价比的投资项目。

详情请电億阳地产 (718) 355-9888

欢迎华人朋友投资


Contact For More Information

Exclusive Brokers:Lin Han

Lic.Real Estate Broker

Direct: 646-662-8888Office: 718-353-9888Email: [email protected]: RealtorLin

Ran Dan PanLic.Real Estate Associate Broker

Direct: 347-630-6498Office: 718-353-9888Email: [email protected]

Mapit Realty, LLCOffice: 718-353-9888E-mail: [email protected]: www.mapitrealty.comAddress: 35-10 Farrington St 3FL, Flushing, NY 11354

Investment Opportunity - storage.googleapis.com€¦ · Investment Opportunity. Mapit Realty A Full Service Commercial and Residential Real Estate Company Introduction Mapit Realty

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