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.