11302-06 Farmers Blvd - Apartments FOR SALE


Saint Albans, NY 11412
$1,499,999 USD
347-809-1310
11302-06 Farmers Blvd, Saint Albans, NY for Sale
$1,499,999 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

11302-06 Farmers Blvd
Saint Albans, NY 11412


OVERVIEW

READY FOR FULL RENO. St. Albans is rapidly emerging as an attractive neighborhood for real estate investment, offering promising opportunities for significant returns. The PPSF in St. Albans is slightly lower than the Queens average, indicating that properties are more affordable here compared to the broader borough. Making it a key attraction for both investors and residents looking for value. The Jamaica NOW Action Plan, a $153 million initiative, is aimed at revitalizing the area with infrastructure improvements, economic development, and community services, which can drive future appreciation. St. Albans is experiencing a wave of new development which typically leads to increased property values. Investing early in such neighborhoods can result in substantial appreciation over time. Located just 2 miles from JFK International Airport, St. Albans is highly accessible for frequent travelers and airport employees, enhancing its desirability and future value growth. The neighborhood is well-served by the Long Island Rail Road (LIRR) with its own station, providing direct and efficient access to Manhattan (25 minutes to Penn Station) and other parts of NYC. Future Growth: The ongoing development coupled with the neighborhood’s strategic location near JFK and many convenient transportation options, position St. Albans for significant appreciation in property value.

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$137 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

113-02,06 FARMERS BLVD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R5B, C1-3

APN/PARCEL ID

10442-0021

ASK ABOUT THIS PROPERTY

Evan BrownDiamond Pillar LLCMore Info
347-809-1310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Evan BrownDiamond Pillar LLCMore Info
347-809-1310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.