Single-Story Corner Mixed-Use
118-65 farmers blvd Saint Albans, NY 11412
For Sale
$1,400,000
COMMERCIAL - Saint Albans, NY
Property Size3,742 SF
Lot Size0.10 Acres
Price / SF$374.13
Days on Market48
Property Features for 118-65 farmers blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,742 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6260
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
Building Details
- Year built
- 1930
- Building materials
- Masonite
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag
855-305-DEAL
Added: Jun 8
Changed: Jul 11
Last Checked: Jul 25 at 1:06PM
MLS# 11803203
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
118-65 Farmers Blvd, Saint Albans, NY 11412 presents a single-story mixed-use building set up with a commercial component and two residential units. The deli/grocery is secured through 2031, and the remaining space includes two apartments: one 3BR unit and one 2BR unit. The property includes approximately 3,742 square feet on a 0.1-acre lot.
The building sits on a corner location with frontage on two streets along Farmers Boulevard. Public transportation is nearby, with access to the Q3, Q4, and Q84 bus lines within walking distance, and the LIRR St. Albans station is described as minutes away. The remarks also note convenient access to JFK International Airport.
Full financials are available to qualified buyers upon request.
The building sits on a corner location with frontage on two streets along Farmers Boulevard. Public transportation is nearby, with access to the Q3, Q4, and Q84 bus lines within walking distance, and the LIRR St. Albans station is described as minutes away. The remarks also note convenient access to JFK International Airport.
Full financials are available to qualified buyers upon request.
Key Highlights
- Single‑story mixed‑use building built in 1930 with construction materials including Masonite
- Anchored by an established deli/grocery secured through 2031
- Mixed‑use setup 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 | $172.9k | $46.20 |
| − Vacancy | −$6.6k | −$1.76 |
| EGI | $166.3k | $44.44 |
| − OpEx | −$74.8k | −$20.00 |
| NOI | $91.5k | $24.44 |
3,742 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$2.47M
$2.16M – $2.89M
NOI $173,189 @ 7.0% cap · market cap 12.37%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,471 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,105 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Delicious Deluxe
Food Market
Similar Off Market Nearby
- Key Food Supermarkets — 16602 Baisley Blvd, Jamaica, NY 11434
- Super — Rochdale, NY 11434
- Ernest Foods — 123-01 merrick blvd, queens, ny 11434
- Earnest Foods — 123-01 Merrick Blvd, Queens, NY 11434
FAQs
What type of property is this?
Grocery and convenience store - Single-story mixed-use building with a deli/grocery tenant in place through 2031 and two residential apartments.
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: Single‑story mixed‑use building built in 1930 with construction materials including Masonite; Anchored by an established deli/grocery secured through 2031; Mixed‑use setup includes two residential apartments: one 3BR and one 2BR
