172-02 Linden BoulevardJamaica, NY 11434
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$6,844Calling All Investors, Developers, & End-Users!!! 8.92 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.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.; 5 Year Option. Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/26. Been Here 5 Years So Far. Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant) Apt. 3 (1 Br.): $20,100 Ann.; Lease Exp.: 6/30/26. Apt. 4 (1 Br.): $19,800 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: $160,700 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): $133,734.68 Ann. (Pro Forma 8.92 Cap!!!)
| 15 hours ago | Listing first seen on site | |
| 15 hours ago | Listing updated with changes from the MLS® |
Based on information submitted to the MLS GRID as of 2026-04-03 05:19 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
