Five-Unit Mixed-Use
For Sale
$1,299,000
172-02 Linden Boulevard, Jamaica, NY 11434
Commercial Sale, Jamaica, NY
Property Size3,600 SF
Lot Size0.05 Acres
Price / SF$360.83
Days on Market189
Property Features for 172-02 Linden Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5B
Directions
172nd Street & Linden Blvd
Standard status
Active
APN
12394-0090
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18855
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
High 10' Ceilings
Basement
Separate Meters
200 Amp Power
All New LED Lighting
CAC
Building Details
Year built
1931
Number of units
5
Building materials
Brick, Frame
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Added: Apr 2
Changed: Oct 5
Last Checked: Oct 7 at 3:06PM
MLS# 980052
Copyright © 2026 OneKey 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.
This five-unit mixed-use building includes a 2,400-square-foot storefront and four apartments within approximately 3,600+ square feet. The 1931 property has brick and frame construction, a basement, high 10-foot ceilings, central air conditioning, natural-gas heat, separate meters, 200 Amp power, and new LED lighting. Six parking spaces are provided on the property.
The building occupies a corner position with 21 feet along Linden Boulevard and 117 feet on 172nd Street. It is one block from Merrick Boulevard and minutes from the St. Albans LIRR Station. Nearby businesses include Home Depot, Stop & Shop, Chase Bank, Citizens Bank, AutoZone, Aldi, and multiple food-service operators. The property is supported by public water and public sewer and carries a reported 10.3% cap rate.
The building occupies a corner position with 21 feet along Linden Boulevard and 117 feet on 172nd Street. It is one block from Merrick Boulevard and minutes from the St. Albans LIRR Station. Nearby businesses include Home Depot, Stop & Shop, Chase Bank, Citizens Bank, AutoZone, Aldi, and multiple food-service operators. The property is supported by public water and public sewer and carries a reported 10.3% cap rate.
Key Highlights
- Five‑unit mixed‑use building with 3,600+ Sqft.
- 2,400 Sqft. storefront plus four apartments
- 21' frontage on Linden Blvd. and 117' frontage on 172nd St.
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.
Property Analytics
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Open Analytics
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
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 - Five-unit property combines retail and residential space with separate meters, central air, and six on-site parking spaces.
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 mixed‑use building with 3,600+ Sqft.; 2,400 Sqft. storefront plus four apartments; 21' frontage on Linden Blvd. and 117' frontage on 172nd St.
