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112-21 Farmers Blvd 2,460 SF 100% Leased Retail Building Saint Albans, NY 11412 $1,524,753 CAD ($619.82 CAD/SF) 9.68% Cap Rate
INVESTMENT HIGHLIGHTS
- High Cap Rate 9.6 % High Monthly Cash Flow $10,706
- 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. 1 2 Bedroom, 1 3 Bedroom. All Leases Expire 2028. Busy Commercial Location. This Multi Family/Retail Investment Property Has Solid Financials, With Escalating Retail Lease, and Low Expenses. Great Opportunity for All Investors.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$178,242
|
$72.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$178,242
|
$72.46
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$30,384
|
$12.35
|
| Net Operating Income |
$147,858
|
$60.10
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $178,242 |
| Annual Per SF | $72.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $178,242 |
| Annual Per SF | $72.46 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,384 |
| Annual Per SF | $12.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $147,858 |
| Annual Per SF | $60.10 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,460 SF
Building Class
C
Year Built
1980
Price
$1,524,753 CAD
Price Per SF
$619.82 CAD
Cap Rate
9.68%
NOI
$147,653 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 | $130,715 CAD |
| Land Assessment | $44,988 CAD | Total Assessment | $175,703 CAD |
PROPERTY TAXES
Parcel Number
10968-0104
Land Assessment
$44,988 CAD
Improvements Assessment
$130,715 CAD
Total Assessment
$175,703 CAD
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Presented by
Leticia J. Allocca
112-21 Farmers Blvd
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