Mixed-Use Building in Saint
For Sale
$1,250,000
109-11 Farmers Blvd, Queens, NY 11412
Mixed-use building with commercial storefront and residential apartments in Queens.
Property Size2,120 SF
Lot Size0.04 Acres
Days on Market312
Property Features for 109-11 Farmers Blvd
General Information
Standard status
Active
Size
2,120 SF
Lot size
0.04 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,655
Building Details
Building Size
2,120 SF
Year Built
1920
Units
3
Listed By:
Brian S. Mannie
(917) 943-0898
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 5 at 7:31PM
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 Brian S. Mannie
Investment Insights
Based on property information with market context.
This mixed-use building is located on Farmers Blvd in Saint Albans. The property features a ground floor commercial storefront and two residential apartments above. Each unit has separate utilities. The commercial space is suitable for retail or professional purposes. The location is near major highways, shopping, and public transportation. It is located in a Queens neighborhood.
Key Highlights
- Prime location on Farmers Blvd in Saint Albans.
- Mixed‑use property with commercial storefront and two residential apartments.
- Separate utilities for each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,822
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,440
$1.0M
Cap Rate 7%
$740,314
$740.3K
Cap Rate 9%
$575,800
$575.8K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$97.9K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.2K $44.44/SF
− OpEx
−$42.4K −$20.00/SF
NOI
$51.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,440
Cap Rate 7%
$740,314
Cap Rate 9%
$575,800
Alternative Uses
Best Use
Apartment 5plus
$740.3K
$647.8K – $863.7K
NOI $51,822 @ 7.0% cap · market cap 4.15%
Second Best
Retail
$540.6K
$473.0K – $630.7K
NOI $37,842 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,402 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with commercial storefront and residential apartments in Queens.
Where is this mixed-use property located?
The property is located at 109-11 Farmers Blvd Queens, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location on Farmers Blvd in Saint Albans.; Mixed‑use property with commercial storefront and two residential apartments.; Separate utilities for each unit.
