8707 Grand Ave
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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
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 |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
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
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