LINDEN BLVD • Long-Term Tenancy

FOR SALE - $2,600,000

PROPERTY HIGHLIGHTS 19607-19625 LINDEN BLVD • Long-Term Tenancy

St. Albans (Jamaica), Queens • Proximity to Long Island Rail Road

FULLY-OCCUPIED • 128’ of Frontage on Linden Boulevard EIGHT-UNIT • Upside in Current Rents SINGLE STORY RETAIL STRIP

STEPHEN R. PREUSS KEVIN SCHMITZ CHARLIE DUPONT RANI BENDARY Senior Managing Director Associate Director Associate Associate +1 718 512 2118 +1 718 512 2628 +1 718 512 2602 +1 718 512 2106 [email protected] [email protected] [email protected] [email protected]

©2019 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. 19607-19625 LINDEN BLVD

St. Albans (Jamaica) | Queens, NY 11412

FULLY-OCCUPIED EIGHT-UNIT RETAIL STRIP

FOR SALE - $2,600,000

Property Information Address 19607-19625 Linden Boulevard Neighborhood Saint Albans Borough Queens Block / Lots 11068 / 63, 64, 66, 68, 70 Lot Dimensions 128.18' x 90.89' approx. Gross Lot SF 10,917 approx.

Building Information Tax Information Gross Building SF 9,680 approx. Assessment (2018) $547,471 Number of Tenants 8 Tax Rate 10.5140% Year Built 1993 Total Property Taxes $57,561 Number of Stories 1

Zoning Analysis Zoning R5B, C1-3 FAR (Residential / Commercial / C.F.) 1.35 / 1.0 / 2.0 Total Lot Size 10,917 Remaining Air Rights Residential Buildable SF (As of Right) 14,738 5,058 approx. Commercial Buildable SF (As of Right) 10,917 1,237 approx. Community Facility Bonus SF (Max) 21,834 12,154 approx.

St. Albans (Jamaica) | Queens, NY 11412

FULLY-OCCUPIED EIGHT-UNIT RETAIL STRIP

Rent Roll

ADDRESS UNIT / TENANT LEASE GROSS WATER TAX SHARE PRICE / MONTHLY ANNUAL END SQ. FT. SHARE SQ. FT. RENT RENT

196-07 Beauty Salon 2/28/19 960 50% $21.25 $1,700 $20,400

196-09 Medical Spa 4/19/19 960 $22.50 $1,800 $21,600

169-11 Jamaican Eatery 10/1/23 960 100% $22.50 $1,800 $21,600

196-13 Church 10/19/19 960 $22.50 $1,800 $21,600

196-15 Barber Shop 2/28/20 960 $23.75 $1,900 $22,800

196-17 Panda Chinese Restaurant 6/30/23 960 80% $500 $30.00 $2,400 $28,800

196-19/21/23 (1) Beauty Supply (1), Pet Supply, 4/13/27 2,920 100% $21.78 $5,300 $63,600 Beauty Supply (2) 196-25 Linden Deli Grocery 12/31/22 1,000 50% 50% ($2,988) $26.40 $2,200 $26,400

TOTAL 9,680 $3,488 $23.43 $18,900 $226,800

(1) encompasses three units

EXPENSES

Real Estate Taxes (17/18) Less Tenant Reimbursements $54,073

Insurance Per Ownership $6,000

Utilities All Tenants Responsible for Electric & Heat $5,000

Repairs & Maintenance Projected @ $0.50 / Square Foot $4,840

Management Projected @ 3% of Gross Income $6,600

TOTAL $76,513

GROSS INCOME $226,800

ANNUAL EXPENSES $76,513

NET OPERATING INCOME $150,287

St. Albans (Jamaica) | Queens, NY 11412

FULLY-OCCUPIED EIGHT-UNIT RETAIL STRIP

TAX MAP TRANSPORTATION MAP 197TH STREET LINDEN BLVD

BLOCK

MANHATTAN 11068 19607-19625

BRID LINDEN

G BOULEVARD E LOT 63 AVE

TH LOT 64 LOT 66 116 TH LOT 68 196 STREET LOT 70 Q4 LONG ISLAND RAILROAD

196TH STREET

PROPERTY DESCRIPTION

Cushman & Wakefield has been retained on an exclusive basis for the sale of 19607 - 19625 Linden Boulevard in St. Albans, Queens (‘the property’).

19607-19625 Linden Boulevard is a fully-occupied eight-unit one-story retail strip on the north side of Linden Boulevard between 196th and 197th Streets. The property is made up of a mix of neighborhood retail including a beauty salon, Jamaican restaurant, Chinese restaurant, and grocery store. The building is approximately 9,680 square feet and sits on an approximately 10,917 square foot lot. The property enjoys ~128 feet of frontage on Linden Boulevard.

The property is located on a main thoroughfare in Saint Albans (Jamaica), Queens. It is in proximity to the St. Albans Long Island Railroad station and has an average daily traffic count of over 12,000 cars approaching the Linden Boulevard / Farmers Boulevard intersection. Linden Boulevard features major retailers including Capital One Bank, 7-Eleven, and Dunkin’ Donuts amongst others. Transportation is also easily accessible via the Q4 bus, Cross Island and Belt Parkways.

Property inspections are by appointment only, please inquire within.

St. Albans (Jamaica) | Queens, NY 11412

FULLY-OCCUPIED EIGHT-UNIT RETAIL STRIP

PROPERTY PHOTOS

19607-19625 LINDEN BOULEVARD