109-07 Farmers Blvd Queens, NY 11412

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.