• Broker Gordon Tam 6469323238

8707 Grand Ave

2,290 SF 100% Leased Retail Building Elmhurst, NY 11373 $2,309,120 CAD ($1,008.35 CAD/SF) 4.50% Cap Rate

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EXECUTIVE SUMMARY

Prime location. Heart of Elmhurst. In front of Q58, 59 Bus station. Steps away from Queens Blvd & Broadway corner. 1 Block to M, R station Broadway Queens Blvd Station. Existing retail & commercial tenants with excellent business status. Total 3 units, retail c of o for basement, retail c of o for street level, professional office for 2nd Fl

FINANCIAL SUMMARY (PRO FORMA - 2021)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $89,190 $38.95
Other Income - -
Vacancy Loss - -
Effective Gross Income $89,190 $38.95
Taxes $16,660 $7.28
Operating Expenses $2,886 $1.26
Total Expenses $19,547 $8.54
Net Operating Income $69,643 $30.41

FINANCIAL SUMMARY (PRO FORMA - 2021)

Gross Rental Income (CAD)
Annual $89,190
Annual Per SF $38.95
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $89,190
Annual Per SF $38.95
Taxes (CAD)
Annual $16,660
Annual Per SF $7.28
Operating Expenses (CAD)
Annual $2,886
Annual Per SF $1.26
Total Expenses (CAD)
Annual $19,547
Annual Per SF $8.54
Net Operating Income (CAD)
Annual $69,643
Annual Per SF $30.41

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,290 SF
Building Class
C
Year Built
1989
Price
$2,309,120 CAD
Price Per SF
$1,008.35 CAD
Cap Rate
4.50%
NOI
$103,910 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.05 AC
Zoning
R6/C2-2
Frontage
16’ on Grand Ave

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • G & G Grocery
  • -
  • 1,530 SF
  • -
  • May 2021
  • Golden Bull Management
  • -
  • 760 SF
  • -
  • Apr 2026
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
G & G Grocery - 1,530 SF - May 2021
Golden Bull Management - 760 SF - Apr 2026

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Grand Avenue 69th Pl, SW 8,686 2018 0.05 km
Queens Blvd Goldsmith St, W 37,657 2022 0.16 km
51st Ave Corona Ave, E 4,323 2022 0.23 km
55th Ave Queens Blvd, SW 6,812 2019 0.26 km
56th Ave Queens Blvd, SW 4,993 2022 0.42 km
Corona Ave 87th St, SW 19,523 2018 0.43 km
Justice Avenue 90th St, E 5,504 2022 0.45 km
Broadway Dongan Ave, SE 16,199 2022 0.49 km
88th St Corona Ave, SE 991 2022 0.50 km
Queens Blvd 90th St, SE 37,251 2022 0.55 km
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)

NEARBY MAJOR RETAILERS

Lidl
HSBC
Citizens Bank
Chase
The Cheesecake Factory
Sarku Japan
Gloria Jean's Coffee
Starbucks
Applebee's
Nathan's Famous

PROPERTY TAXES

Parcel Number 02477-0019 Total Assessment $204,023 CAD (2024)
Land Assessment $48,516 CAD (2024) Annual Taxes $16,660 CAD ($7.28 CAD/SF)
Improvements Assessment $155,507 CAD (2024) Tax Year 2021

PROPERTY TAXES

Parcel Number
02477-0019
Land Assessment
$48,516 CAD (2024)
Improvements Assessment
$155,507 CAD (2024)
Total Assessment
$204,023 CAD (2024)
Annual Taxes
$16,660 CAD ($7.28 CAD/SF)
Tax Year
2021

Map of 8707 Grand Ave Elmhurst, NY 11373

ADDITIONAL PHOTOS

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View Photo GT 87-07 for sale
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