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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