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112-21 Farmers Blvd 2,460 SF 100% Leased Retail Building Saint Albans, NY 11412 $1,099,000 ($446.75/SF) 9.68% Cap Rate
Investment Highlights
- High Cap Rate 9.6 % High Monthly Cash Flow $10,706
- Busy Commercial Location
- Fully Leased 3 Tenants
Executive Summary
Retail & Residential Mixed-Use Building With 9.6% Cap Rate. 3 Units, Fully Rented, High Monthly Cash Flow, ($10,706) Gross Operating Income ($128,472 Annual). Pharmacy ground floor, 2 Residential Rental Apts Second Floor. Both 2 Bedroom. All Leases Expire 2028. This Multi Family/Retail Investment Property Has Solid Financials, With Escalating Retail Lease, and Low Expenses. Great Opportunity for All Investors. Cash Only. No Mortgage Deals Will Be Considered.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$128,472
|
$52.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$128,472
|
$52.22
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,900
|
$8.90
|
| Net Operating Income |
$106,572
|
$43.32
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $128,472 |
| Annual Per SF | $52.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $128,472 |
| Annual Per SF | $52.22 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $21,900 |
| Annual Per SF | $8.90 |
| Net Operating Income | |
|---|---|
| Annual | $106,572 |
| Annual Per SF | $43.32 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,460 SF
Building Class
C
Year Built
1980
Price
$1,099,000
Price Per SF
$446.75
Cap Rate
9.68%
NOI
$106,424
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.33
Lot Size
0.04 AC
Zoning
R5B - R5 - Medium density district with a height limit of 40 feet
Frontage
21’ on Farmers Blvd
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10968-0104 | Improvements Assessment | $94,140 |
| Land Assessment | $32,400 | Total Assessment | $126,540 |
Property Taxes
Parcel Number
10968-0104
Land Assessment
$32,400
Improvements Assessment
$94,140
Total Assessment
$126,540
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Presented by
Leticia J. Allocca
112-21 Farmers Blvd
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