10913 Farmers Blvd 1,000 SF 100% Leased Retail Building Saint Albans, NY 11412 $1,250,000 ($1,250/SF) 7.53% Cap Rate

Beautifully maintained mixed-use property located on the thriving Farmers Boulevard corridor in Saint Albans, Queens. The building features a ground-floor commercial storefront and two well-kept residential apartments above, offering a perfect blend of retail visibility and residential stability.
The property produces a strong annual income of $100,680 with minimal landlord expenses of about $6,550, resulting in a net income of approximately $94,130 per year. The storefront rents for $3,000 per month, while the two apartments generate $2,612 and $2,778 per month, delivering consistent and diversified cash flow.
Situated in a dense, high-traffic neighborhood, the property benefits from excellent exposure, steady foot traffic, and easy access to Merrick Blvd & Linden Blvd. The area’s strong demographics, established retail base, and ongoing community growth make this an exceptional opportunity for investors or owner-users seeking turn-key stability with long-term upside.