48
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$3,988,000
Est. payment /mo
New
18722-18728 & 18705-18721 Foch & Bailey BLVD Jamaica, NY 11412
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1065273
Rental Info No
Year Built 1953
Annual Tax Amount $55,341
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 10.18 Cap 24 Unit Garden Apartment Building Package In Jamaica For Sale!!! The Building Features Excellent Signage, Great Exposure, 50 Parking Spaces In A Private Gated Lot, Controlled Access (Electric Gate), High Ceilings, R3-2 Zoning, 2 Strategically Placed Curb Cuts, All New LED Lighting, 3 Phase Power, A/C, +++!!! The Property Is Located In The Heart Of Saint Albans Just Off Linden Blvd. Between Farmers Blvd. & Merrick Blvd.!!! Neighbors Include Starbucks, TD Bank, Hilton Hotels, Marriott Hotels, Walmart, The Home Depot, Stop & Shop, CVS, Walgreens, Key Food, Marshalls, Boost Mobile, Aldi, McDonald's, Taco Bell, Wendy's, Burger King, White Castle, Wonder, Wingstop, IHOP, +++!!! The Buildings Have 521' Of Wrap-Around Frontage On Baisley Blvd. Everitt Pl. & Foch Blvd.!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
187-05 (1st Floor): $14,940 Ann.
187-05 (2nd Floor): $8,580 Ann.
187-07 (1st Floor): $13,883.64 Ann.
187-07 (2nd Floor): $16,200 Ann.
187-09 (1st Floor): $9,888 Ann.
187-09 (2nd Floor): $17,460 Ann.
187-11 (1st Floor): $13,865.40 Ann.
187-11 (2nd Floor): $16,440 Ann.
187-15 (1st Floor): $14,449.32 Ann.
187-15 (2nd Floor): $13,423.80 Ann.
187-17 (1st Floor): $13,878 Ann.
187-17 (2nd Floor): $13,395.48 Ann.
187-19 (1st Floor): $14,316.48 Ann.
187-19 (2nd Floor): $16,500 Ann.
187-21 (1st Floor): $13,622.76 Ann.
187-21 (2nd Floor): $13,869.84 Ann.
187-22 (1st Floor): $13,560 Ann.
187-22 (2nd Floor): $18,264 Ann.
187-24 (1st Floor): $18,000 Ann.
187-24 (2nd Floor): $16,581 Ann.
187-26 (1st Floor): $13,440 Ann.
187-26 (2nd Floor): $13,720.08 Ann.
187-28 (1st Floor): $17,653.08 Ann.
187-28 (2nd Floor): $13,758 Ann.
Private 50 Car Gated Parking Lot: $240,000 Ann. (Available)
Pro Forma Gross Income: $589,688.88 Ann.
Expenses:
Gas: $30,974.93 Ann.
Insurance: $28,500 Ann.
Taxes: $108,492 Ann.
Water & Sewer: $15,688.92 Ann.
Total Expenses: $183,655.85 Ann.
Net Operating Income (NOI): $406,033.03 Ann. (Pro Forma 10.18% Cap!!!)
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Income:
187-05 (1st Floor): $14,940 Ann.
187-05 (2nd Floor): $8,580 Ann.
187-07 (1st Floor): $13,883.64 Ann.
187-07 (2nd Floor): $16,200 Ann.
187-09 (1st Floor): $9,888 Ann.
187-09 (2nd Floor): $17,460 Ann.
187-11 (1st Floor): $13,865.40 Ann.
187-11 (2nd Floor): $16,440 Ann.
187-15 (1st Floor): $14,449.32 Ann.
187-15 (2nd Floor): $13,423.80 Ann.
187-17 (1st Floor): $13,878 Ann.
187-17 (2nd Floor): $13,395.48 Ann.
187-19 (1st Floor): $14,316.48 Ann.
187-19 (2nd Floor): $16,500 Ann.
187-21 (1st Floor): $13,622.76 Ann.
187-21 (2nd Floor): $13,869.84 Ann.
187-22 (1st Floor): $13,560 Ann.
187-22 (2nd Floor): $18,264 Ann.
187-24 (1st Floor): $18,000 Ann.
187-24 (2nd Floor): $16,581 Ann.
187-26 (1st Floor): $13,440 Ann.
187-26 (2nd Floor): $13,720.08 Ann.
187-28 (1st Floor): $17,653.08 Ann.
187-28 (2nd Floor): $13,758 Ann.
Private 50 Car Gated Parking Lot: $240,000 Ann. (Available)
Pro Forma Gross Income: $589,688.88 Ann.
Expenses:
Gas: $30,974.93 Ann.
Insurance: $28,500 Ann.
Taxes: $108,492 Ann.
Water & Sewer: $15,688.92 Ann.
Total Expenses: $183,655.85 Ann.
Net Operating Income (NOI): $406,033.03 Ann. (Pro Forma 10.18% Cap!!!)
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Location
State NY
County Queens
Rooms
Basement Unfinished
Interior
Heating See Remarks
Cooling None
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electricity Available
Total Parking Spaces 50
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
High Schools Queens 29
School District Queens 29
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
Nearby Locations
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