Mixed-Use Property with
224 12 LINDEN Blvd, Queens, NY 11411
For Sale
New
$1,149,000
Three apartments offer a mix of one- and two-bedroom layouts, with two currently vacant.
Property Size3,246 SF
Days on Market5
Property Features for 224 12 LINDEN Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Units
Listing Agency:
Keller Williams Realty Greater
Listed By:
Davidson Joseph
(917) 415-1060
Source:
Elliman
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 10 at 9:55AM
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 Keller Williams Realty Greater
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Investment Insights
Based on property information with market context.
A street-facing commercial storefront fronts this mixed-use property, with three apartments accessed separately from the rear courtyard. The first-floor residence has one bedroom and one bathroom; the upper two apartments each have two bedrooms and one bathroom. Two apartments are vacant, and the occupied unit generates $1,850 per month. The storefront is not under lease and may be delivered vacant.
The property is on Linden Boulevard in Cambria Heights, Queens, near neighborhood shops, dining, parks, and public transportation. Walk Score is 72, Bike Score is 48, and Transit Score is 29.
Additional features include an unfinished basement and paved courtyard. A rooftop deck may be possible, subject to required approvals. There is no on-site parking.
The property is on Linden Boulevard in Cambria Heights, Queens, near neighborhood shops, dining, parks, and public transportation. Walk Score is 72, Bike Score is 48, and Transit Score is 29.
Additional features include an unfinished basement and paved courtyard. A rooftop deck may be possible, subject to required approvals. There is no on-site parking.
Key Highlights
- Three apartments: one 1‑bedroom/1‑bathroom unit and two 2‑bedroom/1‑bathroom units
- Two apartments are vacant; the occupied apartment generates $1,850 per month
- Street‑facing commercial storefront is not under lease and may be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,347
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,586,940
$1.6M
Cap Rate 7%
$1,133,529
$1.1M
Cap Rate 9%
$881,633
$881.6K
Market Conditions
NOI Build-Up for 3,246 SF
Gross rent
$150.0K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$144.3K $44.44/SF
− OpEx
−$64.9K −$20.00/SF
NOI
$79.3K $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%
$1,586,940
Cap Rate 7%
$1,133,529
Cap Rate 9%
$881,633
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$991.8K – $1.32M
NOI $79,347 @ 7.0% cap · market cap 6.91%
Second Best
Retail
$827.7K
$724.3K – $965.7K
NOI $57,941 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,509 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
Explore this area
Business Placement
Demographics for 11411, NY
19,579
Population
6,775
Households
2.9
Avg Household Size
45
Median Age
36%
College-Educated
92%
High-School Grad
1.2 sq mi
ZIP Area
16,316
Density / Sq Mi
$118,393
Median Household Income
$52,378
Median Earnings
$1,605
Median Rent
$621,500
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 - Three apartments offer a mix of one- and two-bedroom layouts, with two currently vacant.
Where is this mixed-use property located?
The property is located at 224 12 LINDEN Blvd Queens, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Three apartments: one 1‑bedroom/1‑bathroom unit and two 2‑bedroom/1‑bathroom units; Two apartments are vacant; the occupied apartment generates $1,850 per month; Street‑facing commercial storefront is not under lease and may be delivered vacant
