18722-18728 & 18705-18721 Foch & Bailey BLVD, Jamaica, NY 11412
18722-18728 & 18705-18721 Foch & Bailey BLVD, Jamaica, NY 11412
18722-18728 & 18705-18721 Foch & Bailey BLVD, Jamaica, NY 11412
18722-18728 & 18705-18721 Foch & Bailey BLVD, Jamaica, NY 11412
18722-18728 & 18705-18721 Foch & Bailey BLVD, Jamaica, NY 11412
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 Corner Garden Apartment Building Package In Jamiaca 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 420' Of Wrap-Around Frontage On Baisley Blvd. & 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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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

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by All Island Estates Realty Corp • Richard Matt Shane
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Andrew Delgado

Andrew Delgado

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18722-18728 & 18705-18721 Foch & Bailey BLVD

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