18722-18728 & 18705-18721 Foch & Bailey Boulevard, Jamaica, NY 11412

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!!!) Reply, Reply All or Forward Send