172-02 Linden BLVD Active Save Request In-Person Tour Request Virtual Tour
Jamaica,NY 11434
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY828737
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!!!)
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