Mixed-Use Building with
198-10 Linden Blvd, Queens, NY 11421
For Sale
New
$799,000
Separate street access serves the upstairs apartments, while a basement offers additional storage for the commercial space.
Property Size1,694 SF
Days on Market3
Property Features for 198-10 Linden Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
basement storage
awning signage
Building Details
Building Size
Buildings
Stories
Units
Construction
Listing Agency:
HomeStock realty crop
Listed By:
Yvonne Lloyd · License NY #10311207389
(718) 276-9600
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 3:56PM
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 HomeStock realty crop
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This attached, two-story brick property combines a ground-level storefront with two apartments above. The residential units comprise one one-bedroom apartment and one two-bedroom apartment, with a separate street entrance for residents. A roll-down security gate, awning signage frontage, and basement storage round out the building’s features.
The property is in Queens near a commercial corridor with shops, services, and bus lines. WalkScore is 82, TransitScore is 76, and BikeScore is 50.
The property is in Queens near a commercial corridor with shops, services, and bus lines. WalkScore is 82, TransitScore is 76, and BikeScore is 50.
Key Highlights
- Two‑story attached brick mixed‑use building
- Ground‑floor storefront with roll‑down security gate and awning signage frontage
- Two upstairs apartments: one one‑bedroom and one two‑bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,409
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,180
$828.2K
Cap Rate 7%
$591,557
$591.6K
Cap Rate 9%
$460,100
$460.1K
Market Conditions
NOI Build-Up for 1,694 SF
Gross rent
$78.3K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$75.3K $44.44/SF
− OpEx
−$33.9K −$20.00/SF
NOI
$41.4K $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%
$828,180
Cap Rate 7%
$591,557
Cap Rate 9%
$460,100
Alternative Uses
Best Use
Apartment 5plus
$591.6K
$517.6K – $690.2K
NOI $41,409 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$432.0K
$378.0K – $504.0K
NOI $30,238 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,419 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 11421, NY
42,586
Population
12,776
Households
3.3
Avg Household Size
38
Median Age
26%
College-Educated
79%
High-School Grad
1.3 sq mi
ZIP Area
32,758
Density / Sq Mi
$89,439
Median Household Income
$40,934
Median Earnings
$1,901
Median Rent
$682,800
Median Home Value
Market
Properties on Market for Mixed-use properties in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate street access serves the upstairs apartments, while a basement offers additional storage for the commercial space.
Where is this mixed-use property located?
The property is located at 198-10 Linden Blvd Queens, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑story attached brick mixed‑use building; Ground‑floor storefront with roll‑down security gate and awning signage frontage; Two upstairs apartments: one one‑bedroom and one two‑bedroom
