17202 Linden Blvd - Apartments FOR SALE


Jamaica, NY 11434
$1,600,000 USD
516-279-8828
17202 Linden Blvd, Jamaica, NY for Sale
$1,600,000 USD
Apartments - FOR SALE
1/10
null | 8.33% Cap Rate

17202 Linden Blvd
Jamaica, NY 11434


HIGHLIGHTS

  • 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, +++!!!!
  • 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, +++!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

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!!!)

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

4

PRICE/UNIT

$400,000

CAP RATE

8.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,322 SF

ZONING

R5B/R3X/C2-3

APN/PARCEL ID

12394-0090

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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