5-Unit Mixed-Use
For Sale
$1,299,000
172-02 Linden Boulevard, Jamaica, NY 11434
Corner property combines a commercial storefront with four apartments and includes on-site parking.
Property Size3,600 SF
Price / SF$360.83
Days on Market206
Property Features for 172-02 Linden Boulevard
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
R5B
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
3 x 1BR, 1 x 3BR
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$18,854
Amenities
Basement
All New LED Lighting
CAC
Building Details
Building Size
3,600 SF
Year Built
1931
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Croninreale
Added: Apr 2
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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
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Investment Insights
Based on property information with market context.
This 5-unit corner property in Jamaica pairs a 2,400-square-foot storefront with four apartments. The 3,600-square-foot building, constructed in 1931, includes a basement, 10-foot ceilings, six parking spaces, separate meters, 200-amp power, LED lighting and CAC. The apartment mix consists of three 1-bedroom units and one 3-bedroom unit; the store and one apartment are leased through stated terms, while another apartment is delivered vacant.
The property fronts Linden Boulevard and 172nd Street, with 21 feet of frontage on Linden Boulevard and 117 feet on 172nd Street. Merrick Boulevard is one block away, and the St. Albans LIRR station is minutes from the site. Nearby businesses include Chase Bank, The Home Depot, Stop & Shop and Aldi.
The property fronts Linden Boulevard and 172nd Street, with 21 feet of frontage on Linden Boulevard and 117 feet on 172nd Street. Merrick Boulevard is one block away, and the St. Albans LIRR station is minutes from the site. Nearby businesses include Chase Bank, The Home Depot, Stop & Shop and Aldi.
Key Highlights
- Five‑unit configuration: a 2,400‑square‑foot store and four apartments
- 3,600‑square‑foot corner building constructed in 1931
- 21 feet of frontage on Linden Boulevard and 117 feet on 172nd Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,000
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,760,000
$1.8M
Cap Rate 7%
$1,257,143
$1.3M
Cap Rate 9%
$977,778
$977.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$166.3K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$160.0K $44.44/SF
− OpEx
−$72.0K −$20.00/SF
NOI
$88.0K $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%
$1,760,000
Cap Rate 7%
$1,257,143
Cap Rate 9%
$977,778
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 6.77%
Second Best
Retail
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,777 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combines a commercial storefront with four apartments and includes on-site parking.
Where is this mixed-use property located?
The property is located at 172-02 Linden Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Five‑unit configuration: a 2,400‑square‑foot store and four apartments; 3,600‑square‑foot corner building constructed in 1931; 21 feet of frontage on Linden Boulevard and 117 feet on 172nd Street
