Corner Mixed-Use
15045 LINDEN BLVD Jamaica, NY 11434
15045 LINDEN BLVD, Jamaica, NY, 11434
$1,500,000
For Sale
$1,500,000
Corner mixed-use building with separate meters, high ceilings, a basement, and six parking spaces.
Property Size3,600 SF
Price / SF$416.67
Days on Market134
Property Features for 15045 LINDEN BLVD
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agency
All Island Estates Realty Corp
(516) 279-8828
Listed by
Richard Matt Shane · License #10301216230
(516) 279-8828
Source
Xome
Added: Mar 10 Updated: Jul 21 at 7:27AM Checked: Jul 21 at 7:27AM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This corner mixed-use building offers a retail store plus four residential units. Improvements and systems called out in the listing include all-new LED lighting and central air conditioning, high 10’ ceilings, a basement, separate meters, and 200 amp power service, along with six parking spaces. The property includes a store component and apartments with existing income streams and lease expirations noted for each unit.
The building has 21’ of frontage on Linden Blvd. and 117’ of frontage on 172nd St. The listing states it is in the heart of Jamaica, one block from Merrick Blvd., and minutes from the St. Albans LIRR station. Nearby established retailers and services listed 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, and Aldi.
Zoning is listed as R5B/R3X/C2-3. The offering is presented with a pro forma gross income of $160,700 and expenses totaling $26,965.32, resulting in a pro forma NOI of $133,734.68 (pro forma 8.92 cap as stated in the listing).
The building has 21’ of frontage on Linden Blvd. and 117’ of frontage on 172nd St. The listing states it is in the heart of Jamaica, one block from Merrick Blvd., and minutes from the St. Albans LIRR station. Nearby established retailers and services listed 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, and Aldi.
Zoning is listed as R5B/R3X/C2-3. The offering is presented with a pro forma gross income of $160,700 and expenses totaling $26,965.32, resulting in a pro forma NOI of $133,734.68 (pro forma 8.92 cap as stated in the listing).
Key Highlights
- Corner 5‑unit mixed‑use building on Linden Blvd with 21 ft frontage on Linden Blvd and 117 ft frontage on 172nd St
- 8.92 cap (pro forma) with pro forma gross income $160,700 and NOI $133,734.68; total expenses $26,965.32
- Income includes 2,400 SF store at $51,600/yr (lease exp. 9/1/28, 5‑year option) plus four apartments with annual rents listed
Local 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 | $166.3k | $46.20 |
| − Vacancy | −$6.3k | −$1.76 |
| EGI | $160.0k | $44.44 |
| − OpEx | −$72.0k | −$20.00 |
| NOI | $88.0k | $24.44 |
3,600 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 5.87%
Second Best
Retail
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Mixed-use property - Corner mixed-use building with separate meters, high ceilings, a basement, and six parking spaces.
Where is this mixed-use property located?
The property is located at 15045 LINDEN BLVD Jamaica, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Corner 5‑unit mixed‑use building on Linden Blvd with 21 ft frontage on Linden Blvd and 117 ft frontage on 172nd St; 8.92 cap (pro forma) with pro forma gross income $160,700 and NOI $133,734.68; total expenses $26,965.32; Income includes 2,400 SF store at $51,600/yr (lease exp. 9/1/28, 5‑year option) plus four apartments with annual rents listed
