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17202 Linden Blvd 4 Unit Apartment Building $2,182,592 CAD ($545,648 CAD/Unit) 8.33% Cap Rate Jamaica, NY 11434
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 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!!! 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.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/25. Been Here 4 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $19,800 Ann.; Lease Exp.: 6/30/25.
Apt. 4 (1 Br.): $19,200 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: $159,800 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,257.76 Ann.
Total Expenses: $26,516.76 Ann.
Net Operating Income (NOI): $133,283.24 Ann. (Pro Forma 8.33 Cap!!!)
Income:
Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.
Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/25. Been Here 4 Years So Far.
Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant)
Apt. 3 (1 Br.): $19,800 Ann.; Lease Exp.: 6/30/25.
Apt. 4 (1 Br.): $19,200 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: $159,800 Ann.
Expenses:
Gas: $2,826 Ann.
Electric: $560 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $1,800 Ann
Insurance: $2,823 Ann.
Taxes: $18,257.76 Ann.
Total Expenses: $26,516.76 Ann.
Net Operating Income (NOI): $133,283.24 Ann. (Pro Forma 8.33 Cap!!!)
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$217,986
|
$60.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$217,986
|
$60.55
|
| Taxes |
$24,905
|
$6.92
|
| Operating Expenses |
$11,266
|
$3.13
|
| Total Expenses |
$36,171
|
$10.05
|
| Net Operating Income |
$181,815
|
$50.50
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $217,986 |
| Annual Per SF | $60.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $217,986 |
| Annual Per SF | $60.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,905 |
| Annual Per SF | $6.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,266 |
| Annual Per SF | $3.13 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,171 |
| Annual Per SF | $10.05 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $181,815 |
| Annual Per SF | $50.50 |
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 | - | - |
Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (79)
Property Taxes
| Parcel Number | 12394-0090 | Total Assessment | $235,765 CAD (2025) |
| Land Assessment | $56,603 CAD (2025) | Annual Taxes | $24,905 CAD ($6.92 CAD/SF) |
| Improvements Assessment | $179,162 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
12394-0090
Land Assessment
$56,603 CAD (2025)
Improvements Assessment
$179,162 CAD (2025)
Total Assessment
$235,765 CAD (2025)
Annual Taxes
$24,905 CAD ($6.92 CAD/SF)
Tax Year
2024
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17202 Linden Blvd
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