Mixed-Use Building with
18709 Linden Boulevard, Saint Albans, NY 11412
For Sale
$1,100,000
The property combines a ground-floor counseling office with two renovated residences above.
Property Size2,448 SF
Price / SF$449.35
Days on Market96
Property Features for 18709 Linden Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Royal Realty Group Inc
(718) 468-7600
Listed By:
Hanan Sheleg
(347) 444-8520
Source:
Adamstreetrealty
Added: Aug 4
Changed: Nov 7
Last Checked: Nov 7 at 9:32AM
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 Royal Realty Group Inc
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Investment Insights
Based on property information with market context.
Built in 1931, this 2,448-square-foot mixed-use building has a ground-floor commercial suite occupied by a mental health counseling practice. The office includes reception space, private offices and treatment rooms, a waiting area, and updated restrooms. Two renovated two-bedroom apartments occupy the second floor; both are tenant-occupied, as is the commercial space.
Interior updates include flooring, paint, fixtures, and mechanical systems. Common areas are maintained, and the property is zoned R5D. Located on Linden Boulevard in St. Albans, the building is near public bus routes, shops, restaurants, schools, parks, and other neighborhood amenities.
Interior updates include flooring, paint, fixtures, and mechanical systems. Common areas are maintained, and the property is zoned R5D. Located on Linden Boulevard in St. Albans, the building is near public bus routes, shops, restaurants, schools, parks, and other neighborhood amenities.
Key Highlights
- 2,448‑square‑foot mixed‑use property, built in 1931
- Fully occupied by a ground‑floor counseling practice and two residential tenants
- Two renovated second‑floor apartments, each with two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,597
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,940
$1.6M
Cap Rate 7%
$1,151,386
$1.2M
Cap Rate 9%
$895,522
$895.5K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$123.4K $50.40/SF
− Vacancy
−$15.9K −$6.50/SF
EGI
$107.5K $43.90/SF
− OpEx
−$26.9K −$10.97/SF
NOI
$80.6K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,940
Cap Rate 7%
$1,151,386
Cap Rate 9%
$895,522
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,597 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$854.9K
$748.0K – $997.3K
NOI $59,840 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.80M
$1.58M – $2.11M
NOI $126,329 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,155
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
$633,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a ground-floor counseling office with two renovated residences above.
Where is this mixed-use property located?
The property is located at 18709 Linden Boulevard Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,448‑square‑foot mixed‑use property, built in 1931; Fully occupied by a ground‑floor counseling practice and two residential tenants; Two renovated second‑floor apartments, each with two bedrooms
