Corner Mixed-Use Retail and
For Sale
Contact for pricing
118-65 farmers blvd, Saint Albans, NY 11412
Single-story corner building with a ground-floor retail anchor and two apartments, supporting diversified rental income.
Property Size4,356 SF
Price / SF$321.40
Days on Market57
Property Features for 118-65 farmers blvd
General Information
Standard status
Active
Size
4,356 SF
Property subtype
Multifamily, Retail, Mixed Use
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Stories
1
Tenancy
Multi
Listing Agency:
5 Boro Realty Corp
Listed By:
Gabrielle Winters · License #10401353795
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 4 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 5 Boro Realty Corp
Investment Insights
Based on property information with market context.
This single-story mixed-use building presents a straightforward, income-oriented layout with ground-floor deli/grocery retail space and two residential units above. The residential component includes one 3BR and one 2BR apartment. The retail deli/grocery anchor is in place through 2031, providing established tenancy for the commercial portion.
Positioned on a true corner, the property has frontage on two streets along Farmers Boulevard, offering direct street presence and visibility from both directions. The building’s corner configuration supports easy, public-facing access for retail customers while also keeping the residential use distinctly separated above.
For investors, this asset offers a combined retail and residential setup within a single, low-maintenance structure. The long-term commitment from the ground-floor deli/grocery tenant through 2031 helps stabilize the commercial component, while the two apartments add additional rental streams. It’s a practical fit for buyers seeking an uncomplicated mixed-use profile with clear unit count and a defined tenant timeline.
Positioned on a true corner, the property has frontage on two streets along Farmers Boulevard, offering direct street presence and visibility from both directions. The building’s corner configuration supports easy, public-facing access for retail customers while also keeping the residential use distinctly separated above.
For investors, this asset offers a combined retail and residential setup within a single, low-maintenance structure. The long-term commitment from the ground-floor deli/grocery tenant through 2031 helps stabilize the commercial component, while the two apartments add additional rental streams. It’s a practical fit for buyers seeking an uncomplicated mixed-use profile with clear unit count and a defined tenant timeline.
Key Highlights
- 1930‑built single‑story mixed‑use corner building with frontage on two streets on Farmers Boulevard
- Ground‑floor deli/grocery retail anchor with lease locked in through 2031
- Includes two residential apartments: one 3BR and one 2BR
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.2k | $46.20 |
| − Vacancy | −$7.6k | −$1.76 |
| EGI | $193.6k | $44.44 |
| − OpEx | −$87.1k | −$20.00 |
| NOI | $106.5k | $24.44 |
4,356 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,607 @ 7.0% cap · market cap 14.40%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,480 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,791 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,460
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11412, NY
37,958
Population
12,821
Households
3
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
23,724
Density / Sq Mi
$98,418
Median Household Income
$48,243
Median Earnings
$1,630
Median Rent
$633,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- John's Farm Market — 112-55 Farmers Blvd, Queens, NY 11412
- Key Food Supermarkets — 183-14 Hillside Ave., Jamaica, NY 11432
- Al - Fattah Food Bazar — 18002 Hillside Ave., Jamaica, NY 11432
- Bismillah Supermarket — 181-06 Hillside Ave., Jamaica, NY 11432
- Khaamar Baari — 183-17 Hillside Ave., Jamaica, NY 11432
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-story corner building with a ground-floor retail anchor and two apartments, supporting diversified rental income.
Where is this grocery and convenience store located?
The property is located at 118-65 farmers blvd Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1930‑built single‑story mixed‑use corner building with frontage on two streets on Farmers Boulevard; Ground‑floor deli/grocery retail anchor with lease locked in through 2031; Includes two residential apartments: one 3BR and one 2BR
