Five-Unit Storefront
227-02 Linden Boulevard, Cambria Heights, NY 11411
For Sale
$4,499,999
The five-unit configuration supports owner operation or leasing to multiple occupants.
Property Size8,990 SF
Price / SF$500.56
Days on Market25
Property Features for 227-02 Linden Boulevard
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Eden7 Realty Inc
Listed By:
Walix A. Valcin CBR
(646) 201-6283
Source:
Adamstreetrealty
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 7 at 9:25AM
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 Eden7 Realty Inc
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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 storefront property contains five units and was built in 1941. The unit configuration supports either operation by an owner or leasing the spaces to occupants.
Key Highlights
- Five units in the building
- Built in 1941
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,472
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,209,440
$3.2M
Cap Rate 7%
$2,292,457
$2.3M
Cap Rate 9%
$1,783,022
$1.8M
Market Conditions
NOI Build-Up for 8,990 SF
Gross rent
$269.7K $30.00/SF
− Vacancy
−$40.5K −$4.50/SF
EGI
$229.2K $25.50/SF
− OpEx
−$68.8K −$7.65/SF
NOI
$160.5K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,209,440
Cap Rate 7%
$2,292,457
Cap Rate 9%
$1,783,022
Alternative Uses
Best Use
Retail
$2.29M
$2.01M – $2.67M
NOI $160,472 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.63M
$5.80M – $7.73M
NOI $463,927 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
McDonald's
Dining
22,741 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,949 visits/mo
0.1 miles
Bank of America
Shops & Services
6,797 visits/mo
0.4 miles
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
$621,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Queens County, NY
Properties on Market for Storefront properties in Queens County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- D&A Luxury Flowers — 156-31 78th St, Howard Beach, NY 11414
Frequently Asked Questions
What type of property is this?
Storefront property - The five-unit configuration supports owner operation or leasing to multiple occupants.
Where is this storefront property located?
The property is located at 227-02 Linden Boulevard Cambria Heights, NY.
What is the asking price?
The asking price for this property is $4,499,999.
What are key features of this property?
This property features: Five units in the building; Built in 1941
