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31471232
31471233

172-02 Linden Boulevard, New York, NY 11434

MS
NY 10311207810
All Island Estates Realty Corporation
Listed by All Island Estates Realty Corporation
$1,450,000
82 days on market
Updated 34 days ago

172-02 Linden Boulevard

Details
APN 12394-0090
Property Type Mixed Use
Sub Type Mixed Use
Units 5
NOI $133,734
Year Built 1931
Acreage 0.053
Zoning R5B

Mixed Use

Marketing description

Calling All Investors, Developers, & End-Users!!! 9.22 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.): $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 9.22 Cap!!!)
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MS
NY 10311207810
All Island Estates Realty Corporation
Listed by All Island Estates Realty Corporation

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$133,734.00
$11,144.50/mo

Valuation Metrics

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DSCR
9.22%
Cap Rate
9.22%
ROI

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Zoning

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R6A ResidentialMulti FamilyGeneral Residence
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View all 99 uses
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Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics

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