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112-21 Farmers Blvd 2,460 SF 100% Leased Retail Building Saint Albans, NY 11412 $1,502,388 CAD ($610.73 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$175,628
|
$71.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$175,628
|
$71.39
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,938
|
$12.17
|
| Net Operating Income |
$145,689
|
$59.22
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $175,628 |
| Annual Per SF | $71.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $175,628 |
| Annual Per SF | $71.39 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,938 |
| Annual Per SF | $12.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $145,689 |
| Annual Per SF | $59.22 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,460 SF
Building Class
C
Year Built
1980
Price
$1,502,388 CAD
Price Per SF
$610.73 CAD
Cap Rate
9.68%
NOI
$145,487 CAD
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
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10968-0104 | Improvements Assessment | $128,153 CAD |
| Land Assessment | $44,106 CAD | Total Assessment | $172,259 CAD |
Property Taxes
Parcel Number
10968-0104
Land Assessment
$44,106 CAD
Improvements Assessment
$128,153 CAD
Total Assessment
$172,259 CAD
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Presented by
Leticia J. Allocca
112-21 Farmers Blvd
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