Mixed-Use Building in Saint Albans, NY

109-11 Farmers Blvd,
Saint Albans, NY 11412

 

$950,000
Price
3
Number of Units
$316,667
Price Per Unit
2,120
Building SF
6.38%
Cap Rate
1,756
Land SF
$950,000
Price
3
Number of Units
$316,667
Price Per Unit
2,120
Building SF
6.38%
Cap Rate
1,756
Land SF

Investment Highlights

  • For Sale: Mixed-Use Building in Saint Albans Consisting of (1) Commercial Space and (2) Residential Spaces

  • Proud, Long-Term Ownership

  • 2 Newly Renovated Apartments with High Quality Finishes

  • Commercial Tenant has 5% Annual Increase in Rent

  • Commercial Tenant has a New 5-Year Lease that Just Started in March 2024

  • All Electric Usage (Light, Heat & Cooking) is Separately Metered and Paid for by the Tenants

  • Mini-Split Units for 1 Apartment and the Commercial Unit

  • Located Near Various Ways of Transportation such as Liberty Ave, Jamaica Ave, Hillside Ave, the Hollis Train Station, and the Q3, Q83, and X64 Bus Lines

  • * Can be Sold Together with 109-07, 109-11 and 109-13 Farmers Blvd

About Saint Albans, NY

  • Saint Albans is a residential neighborhood in the southeastern portion of the New York City borough of Queens. It is bordered by Jamaica to the Northwest, Hollis to the North, Queens Village to the Northeast, Cambria Heights to the East, Laurelton to the Southeast, Springfield Gardens to the South and South Jamaica to the Southwest. Saint Albans is centered on the intersection of Linden Boulevard and Farmers Boulevard, about two miles North of John F. Kennedy International Airport. The small western enclave of Addisleigh Park is a U.S. historic district where many notable African Americans have lived, including Jackie Robinson, W.E.B. Du Bois, Lena Horne, and many jazz musicians such as Fats Waller, Ella Fitzgerald and Count Basie.
FOR MORE DETAILS CONTACT
Raj Whadwa
Managing Partner
(516) 316-0722
raj@grs-us.com
10991239274
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