1325 M St
17,838 SF 75% Leased Industrial Building Elmont, NY 11003 $6,658,893 CAD ($373.30 CAD/SF) 5.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 17,838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!!
- The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!!
- Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, ++!
- The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Roll-Up Drive-In Bays, Light Manufacturing (710.24) Zoning, CAC, +++!!!
- The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 17,838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Roll-Up Drive-In Bays, Light Manufacturing (710.24) Zoning, 28 Parking Spaces, Frontage On 3 Streets, Basement With 12’ Ceilings, 3 Phase Power, Side Yard, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!! The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!! Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, Marshalls, McDonald’s, Red Mango, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/ The Next Home For Your Business!!!
Income:
Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Stroller Company (500 Sqft.): $7,200 Ann.; M-M.
No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Office (1,100 Sqft.): $36,000 Ann. (Available)
LL (10,000 Sqft., 12’ Ceiling Warehouse): $180,000 Ann. (Available)
Pro Forma Gross Income: $349,200 Ann.
Expenses:
Gas: $2,400 Ann.
Electric: $6,000 Ann.
Maintenance & Repairs: $2,500 Ann.
Insurance: $5,800 Ann.
Snow & Landscape: $0 Ann.
Water: $382 Ann.
Taxes: $72,483.51 Ann.
Total Expenses: $91,365.51 Ann.
Pro Forma Net Operating Income (NOI): $257,834.49 Ann.
Income:
Service Station Vending Equipment (2,100 Sqft.): $66,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Stroller Company (500 Sqft.): $7,200 Ann.; M-M.
No Limits Party Rental (4,200 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27.
Office (1,100 Sqft.): $36,000 Ann. (Available)
LL (10,000 Sqft., 12’ Ceiling Warehouse): $180,000 Ann. (Available)
Pro Forma Gross Income: $349,200 Ann.
Expenses:
Gas: $2,400 Ann.
Electric: $6,000 Ann.
Maintenance & Repairs: $2,500 Ann.
Insurance: $5,800 Ann.
Snow & Landscape: $0 Ann.
Water: $382 Ann.
Taxes: $72,483.51 Ann.
Total Expenses: $91,365.51 Ann.
Pro Forma Net Operating Income (NOI): $257,834.49 Ann.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$500,061
|
$28.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$500,061
|
$28.03
|
| Taxes |
$103,797
|
$5.82
|
| Operating Expenses |
$27,039
|
$1.52
|
| Total Expenses |
$130,837
|
$7.33
|
| Net Operating Income |
$369,225
|
$20.70
|
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Floor Drains
- Front Loading
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
UTILITIES
- Lighting - Fluorescent
- Gas
- Water - County
- Sewer - County
- Heating - Oil (Fired)
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PROPERTY TAXES
| Parcel Number | 35-091-00-0001 | Total Assessment | $15,068 CAD (2024) |
| Land Assessment | $4,977 CAD (2024) | Annual Taxes | $103,797 CAD ($5.82 CAD/SF) |
| Improvements Assessment | $10,091 CAD (2024) | Tax Year | 2025 |
ZONING
| Zoning Code | 710.24 (Light Manufacturing) |
