Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 109-07 Farmers Blvd
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This fully occupied mixed-use building in Saint Albans, Queens, NY (109-07 Farmers Blvd, zip code 11412) presents a compelling investment opportunity. Priced at $1,080,000, this fee simple property boasts a storefront and two residential units, all meticulously maintained and recently renovated. The apartments feature modern finishes, central air conditioning or mini-split units, and separately metered utilities. Its convenient location near major transportation routes ensures strong tenant demand. The property enjoys a history of long-term ownership and currently generates a net operating income (NOI) of $69,099, resulting in a 6.40% capitalization rate (CAP rate). Situated in a thriving South Queens community with positive demographic trends, this building offers a stable income stream and significant potential for future appreciation. This is an exceptional addition to any investment portfolio seeking strong returns in a desirable location. The property is a mixed-use building, combining retail and multifamily uses.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.7668
- Latitude
- 40.7038
