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!!!)