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17202 Linden Blvd 4 Unit Apartment Building $1,500,000 ($375,000/Unit) 8.92% Cap Rate Jamaica, NY 11434
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 8.92 Cap 5 Unit 3,600+ Sqft. Corner Mixed-Use Building On Linden Blvd. For Sale!!!
- The Property Is Located In The Heart Of Jamaica 1 Block From Merrick Blvd. & Minutes From The St. Albans LIRR Station!!!
- Neighbors Include Chase Bank, Citizens Bank, The Home Depot, Stop & Shop, Crunch Fitness, AutoZone, Mobil, Conoco, McDonald’s, Domino’s Pizza, +++!!!
- The Property Features Excellent Signage, Great Exposure, R5B/R3X/C2-3 Zoning, High 10’ Ceilings, Basement, 6 Parking Spaces, Separate Meters, +++!!!!
- The Property Has 21’ Of Frontage On Linden Blvd. & 117’ Of Frontage On 172nd St.!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! 8.92 Cap 5 Unit 3,600+ Sqft. Corner Mixed-Use Building On Linden Blvd. For Sale!!! The Property Features Excellent Signage, Great Exposure, R5B/R3X/C2-3 Zoning, High 10’ Ceilings, Basement, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamaica 1 Block From Merrick Blvd. & Minutes From The St. Albans LIRR Station!!! The Property Has 21’ Of Frontage On Linden Blvd. & 117’ Of Frontage On 172nd St.!!! Neighbors Include Chase Bank, Citizens Bank, The Home Depot, Stop & Shop, Crunch Fitness, AutoZone, Mobil, Conoco, McDonald’s, Domino’s Pizza, Papa John’s, IHOP, Liberty Tax, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.; 5 Year Option.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/26. Been Here 5 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $20,100 Ann.; Lease Exp.: 6/30/26.
Apt. 4 (1 Br.): $19,800 Ann.; M-M.
Tax Rebate (Paid By The Store): $5,000 Ann.
Water Rebate (Paid By The Store): $6,000 Ann.
Pro Forma Gross Income: $160,700 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,706.32 Ann.
Total Expenses: $26,965.32 Ann.
Net Operating Income (NOI): $133,734.68 Ann. (Pro Forma 8.92 Cap!!!)
Income:
Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.; 5 Year Option.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/26. Been Here 5 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $20,100 Ann.; Lease Exp.: 6/30/26.
Apt. 4 (1 Br.): $19,800 Ann.; M-M.
Tax Rebate (Paid By The Store): $5,000 Ann.
Water Rebate (Paid By The Store): $6,000 Ann.
Pro Forma Gross Income: $160,700 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,706.32 Ann.
Total Expenses: $26,965.32 Ann.
Net Operating Income (NOI): $133,734.68 Ann. (Pro Forma 8.92 Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$160,700
|
$44.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$160,700
|
$44.64
|
| Taxes |
$18,706
|
$5.20
|
| Operating Expenses |
$8,259
|
$2.29
|
| Total Expenses |
$26,965
|
$7.49
|
| Net Operating Income |
$133,735
|
$37.15
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $160,700 |
| Annual Per SF | $44.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $160,700 |
| Annual Per SF | $44.64 |
| Taxes | |
|---|---|
| Annual | $18,706 |
| Annual Per SF | $5.20 |
| Operating Expenses | |
|---|---|
| Annual | $8,259 |
| Annual Per SF | $2.29 |
| Total Expenses | |
|---|---|
| Annual | $26,965 |
| Annual Per SF | $7.49 |
| Net Operating Income | |
|---|---|
| Annual | $133,735 |
| Annual Per SF | $37.15 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Tenant Controlled HVAC
- On-Site Retail
- Storage Space
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 1+1 | 3 | - | - |
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 12394-0090 | Total Assessment | $172,440 (2025) |
| Land Assessment | $41,400 (2025) | Annual Taxes | $18,706 ($5.20/SF) |
| Improvements Assessment | $131,040 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
12394-0090
Land Assessment
$41,400 (2025)
Improvements Assessment
$131,040 (2025)
Total Assessment
$172,440 (2025)
Annual Taxes
$18,706 ($5.20/SF)
Tax Year
2026
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17202 Linden Blvd
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