172-12 Linden Blvd - Storefront Retail/Residential FOR SALE


Saint Albans, NY 11434
$1,195,000 USD
516-639-0021
172-12 Linden Blvd, Saint Albans, NY for Sale
$1,195,000 USD
Storefront Retail/Residential - FOR SALE
1/18
null | 9.28% Cap Rate

172-12 Linden Blvd
Saint Albans, NY 11434


HIGHLIGHTS

  • Retail Office Space is Currently Leased through 12/31/25 to Assembly Woman Williams. Can Release for Long-Term Lease - Guaranteed by NYC

OVERVIEW

NYC Council has Officially Approved $413,000,000 Million in New Community Investments. This will dramatically impact the area and the property located at 172-12 Linden Blvd. Including Allowing for Added Stories and Increased FAR. Please read full plan details below by accessing link: https://council.nyc.gov/press/2025/10/09/2986/ Current Configuration This is a Prime Mixed Use Property located in the Historic District of Jamaica Queens referred to as Addisleigh Park. The ground floor is currently leased to a prominent government official and their are 2 residential units. The two-bedroom was just renovated and vacant and the one-bedroom is on a month to month basis. Potential to deliver vacant. The Government Official lease expirees on 12/31/25 and can renewed for a long-term lease with rent starting at $5,000 to $6000 per month with increases. This lease will be guaranteed by NYC. This retail space can also be delivered vacant. Apartment rents are below market. Property is well maintained with new gas fired efficient furnace, hot water heater and electric panel. Shopping and MTA Bus service are literally within 500 feet of the Subject Property. Seller is motivated to make a deal. Call Richard at 516 -639 0021 for details. Call Richard Diller for Income and Expenses Please see Press Release Below as to New $413 Million Dollar Neighborhood Plan below just Approved Oct 2025. Zoning has been expanded to R7 with Increased FAR. See Press Release Link Below

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

9.28%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$413M Approved for Jamaica Community

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

Note Zoning Description

APN/PARCEL ID

12394-0095

ASK ABOUT THIS PROPERTY

Richard DillerCharles Rutenberg Realty, Inc.More Info
516-639-0021

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Richard DillerCharles Rutenberg Realty, Inc.More Info
516-639-0021

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