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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 828737
Rental Info No
Year Built 1931
Annual Tax Amount $18,258
Property Sub-Type Mixed Use
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 5 Unit 3,600+ Sqft. Corner Mixed-Use Building On Linden Blvd. For Sale!!! The Property Features Excellent Signage, Great Exposure, R5B/R3X/C2-3 Zoning, High 10' Ceilings, Basement, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamaica 1 Block From Merrick Blvd. & Minutes From The St. Albans LIRR Station!!! The Property Has 21' Of Frontage On Linden Blvd. & 117' Of Frontage On 172nd St.!!! Neighbors Include Chase Bank, Citizens Bank, The Home Depot, Stop & Shop, Crunch Fitness, AutoZone, Mobil, Conoco, McDonald's, Domino's Pizza, Papa John's, IHOP, Liberty Tax, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/25. Been Here 4 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $19,800 Ann.; Lease Exp.: 6/30/25.
Apt. 4 (1 Br.): $19,200 Ann.; M-M.
Tax Rebate (Paid By The Store): $5,000 Ann.
Water Rebate (Paid By The Store): $6,000 Ann.
Pro Forma Gross Income: $159,800 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,257.76 Ann.
Total Expenses: $26,516.76 Ann.
Net Operating Income (NOI): $133,283.24 Ann. (Pro Forma 8.33 Cap!!!)
Income:
Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/25. Been Here 4 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $19,800 Ann.; Lease Exp.: 6/30/25.
Apt. 4 (1 Br.): $19,200 Ann.; M-M.
Tax Rebate (Paid By The Store): $5,000 Ann.
Water Rebate (Paid By The Store): $6,000 Ann.
Pro Forma Gross Income: $159,800 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,257.76 Ann.
Total Expenses: $26,516.76 Ann.
Net Operating Income (NOI): $133,283.24 Ann. (Pro Forma 8.33 Cap!!!)
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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