10911 Farmers Blvd - Storefront Retail/Residential FOR SALE


Saint Albans, NY 11412
$1,250,000 USD
917-943-0898
10911 Farmers Blvd, Saint Albans, NY for Sale
$1,250,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 6.57% Cap Rate

10911 Farmers Blvd
Saint Albans, NY 11412


HIGHLIGHTS

  • Well Maintained Building
  • Strong rents
  • Excellent condition

OVERVIEW

Attractive mixed-use building located on the busy and well-established Farmers Boulevard retail corridor in Saint Albans, Queens. This well-maintained property features a ground-floor commercial storefront and two residential apartments above, providing an excellent balance of retail visibility and stable rental income. The property produces a gross annual income of $90,504 with low annual expenses of about $8,400, resulting in a solid net income of approximately $82,104. The retail space rents for $3,000 per month, while the two apartments bring in $1,780 and $2,762 per month, offering dependable returns with room for future rent growth. Located in a dense, high-traffic area, the property benefits from strong neighborhood demographics, nearby schools, local businesses, and convenient access to Merrick Blvd, Linden Blvd, and multiple bus lines. Saint Albans continues to experience steady residential and commercial demand, making this an ideal acquisition for an owner-user or investor seeking reliable income and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$590 USD /SF

CAP RATE

6.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R5B / C1-3

APN/PARCEL ID

10923-0005

ASK ABOUT THIS PROPERTY

Brian MannieRixel Real Estate IncMore Info
917-943-0898

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Brian MannieRixel Real Estate IncMore Info
917-943-0898

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.