172-02 Linden Boulevard, Jamaica, NY 11434
sale
$1,299,000
|
Other
Courtesy Of All Island Estates Realty Corp
Calling All Investors, Developers, & End-Users!!! 11.22 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.): $60,000 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.; 5 Year Option. Apt. 1R (1 Br.): $20,700 Ann. Apt. 1F (1 Br.): $21,600 Ann. Apt. 2R (3 Br.): $36,000 Ann. (Delivered Vacant) Apt. 2F (2 Br.):23,400 Ann. Tax Rebate (Paid By The Store): $5,000 Ann. Water Rebate (Paid By The Store): $6,000 Ann. Pro Forma Gross Income: $172,700 Ann. Expenses: Gas: $2,826 Ann. Electric: $560 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $1,800 Ann Insurance: $2,823 Ann. Taxes: $18,706.32 Ann. Total Expenses: $26,965.32 Ann. Net Operating Income (NOI): $145,734.68 Ann. (Pro Forma 11.22% Cap!!!)
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Property Features
- Age: Over 50 Years Old
- Building Units: 5
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Frame
- Heating System: Natural Gas
- MLSID: 980052
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