Property Description

Calling All Investors, Developers, & End-Users!!! 8.92 Cap 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.; 5 Year Option.Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/26. Been Here 5 Years So Far.Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)Apt. 3 (1 Br.): $20,100 Ann.; Lease Exp.: 6/30/26. Apt. 4 (1 Br.): $19,800 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: $160,700 Ann.Expenses:Gas: $2,826 Ann.Electric: $560 Ann.Maintenance & Repairs: $250 Ann.Water & Sewer: $1,800 AnnInsurance: $2,823 Ann.Taxes: $18,706.32 Ann.Total Expenses: $26,965.32 Ann.Net Operating Income (NOI): $133,734.68 Ann. (Pro Forma 8.92 Cap!!!)

Property Features