Marilyn Hagemann - John J Lease Realtors Logo
$1,299,000
( $360.83Per Sq Foot )
 $6,973 est/mo Sourced by Back At You

172-02 Linden Boulevard,Jamaica, NY 11434

Jamaica, NY 11434

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Description

Calling All Investors, Developers, & End-Users!!! 10.3 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 10.3% Cap!!!)

Details

MLS #980052
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1931
Days On Site211
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet3,600
Units5
ZoningR5B
Acreage0.05

Interior

CoolingCentral Air
HeatingNatural Gas

Exterior

Construction MaterialsBrick, Frame

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value174150
Tax Annual Amount18854.64

Area Information

StateNY
CountyQueens
CityJamaica
Zip Code11434
Listing VS Median (in 11434)
Price:
$1,299,000
low | high
Med:
$804,999
88.029330254042% of Average
sqft:
3,600
low | high
Med:
1,218
100% of Average
$ / sqft:
$361
low | high
Med:
$663
33.703260426572% of Average
On site:
211
low | high
Med:
149
100% of Average
Sourced by Back At You

Market Activity 11434

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Marilyn Hagemann

Marilyn Hagemann

John J Lease REALTORS

 (845) 541-8479marilynhagemann@johnjleaserealtors.com
StateNY
CountyQueens
CityJamaica
Zip Code11434
Listing VS Median (in 11434)
Price:
$1,299,000
low | high
Med:
$804,999
88.029330254042% of Average
sqft:
3,600
low | high
Med:
1,218
100% of Average
$ / sqft:
$361
low | high
Med:
$663
33.703260426572% of Average
On site:
211
low | high
Med:
149
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $974K - $1.623M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
111-16 170th Street Property Photo 1
$1,189,990
111-16 170th Street
Jamaica, NY 11433
Listing Updated: September 28, 2026 at 10:26:14 PM PDT

Marilyn Hagemann - John J Lease Realtors