111-06 Farmers Blvd St. Albans, NY 11412
Hollis NeighborhoodEstimated payment $5,147/month
About This Home
Solid brick mixed-use building in prime Saint Albans, one commercial unit and one 3-bedroom apartment. Ground floor and basement currently used as a restaurant with proper setup, high ceilings and heavy foot traffic. Building size is 18x60, lot size is 19x100, annual property tax is $5,011. Projected yearly rental income $90,000 with a cap rate of 8%. Excellent condition & great investment opportunity.
Property Details
Property Type
- Other
Est. Annual Taxes
- $5,011
Year Built
- Built in 1931
Lot Details
- 1,925 Sq Ft Lot
- Lot Dimensions are 100 x 19
- Back and Front Yard
- Property is zoned R5
Home Design
- Mixed Use
- Brick Exterior Construction
- Block Foundation
- Rubber Roof
- Masonry
Interior Spaces
- 2,160 Sq Ft Home
- 2-Story Property
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Community Details
- Fuel Expense $3,000
- Insurance Expense $4,000
- Utility Expense $500
- Gross Income $90,000
- Net Operating Income $70,000
Listing and Financial Details
- Tax Block 10438
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/13/2025 11/13/25 | For Sale | $899,999 | -9.1% | $417 / Sq Ft |
| 11/12/2025 11/12/25 | Price Changed | $990,000 | -8.3% | $458 / Sq Ft |
| 08/21/2025 08/21/25 | For Sale | $1,080,000 | -- | $500 / Sq Ft |
About the Listing Agent
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Source: Brooklyn Board of REALTORS®
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