113-02,06 FARMERS BLVD | 11302-06 Farmers Blvd
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113-02,06 FARMERS BLVD 11302-06 Farmers Blvd
12 Unit Apartment Building $1,499,999 ($125,000/Unit) Saint Albans, NY 11412
EXECUTIVE SUMMARY
READY FOR FULL RENO.
St. Albans is rapidly emerging as an attractive neighborhood for real estate investment, offering promising opportunities for significant returns.
The PPSF in St. Albans is slightly lower than the Queens average, indicating that properties are more affordable here compared to the broader borough. Making it a key attraction for both investors and residents looking for value.
The Jamaica NOW Action Plan, a $153 million initiative, is aimed at revitalizing the area with infrastructure improvements, economic development, and community services, which can drive future appreciation.
St. Albans is experiencing a wave of new development which typically leads to increased property values. Investing early in such neighborhoods can result in substantial appreciation over time.
Located just 2 miles from JFK International Airport, St. Albans is highly accessible for frequent travelers and airport employees, enhancing its desirability and future value growth.
The neighborhood is well-served by the Long Island Rail Road (LIRR) with its own station, providing direct and efficient access to Manhattan (25 minutes to Penn Station) and other parts of NYC.
Future Growth: The ongoing development coupled with the neighborhood’s strategic location near JFK and many convenient transportation options, position St. Albans for significant appreciation in property value.
St. Albans is rapidly emerging as an attractive neighborhood for real estate investment, offering promising opportunities for significant returns.
The PPSF in St. Albans is slightly lower than the Queens average, indicating that properties are more affordable here compared to the broader borough. Making it a key attraction for both investors and residents looking for value.
The Jamaica NOW Action Plan, a $153 million initiative, is aimed at revitalizing the area with infrastructure improvements, economic development, and community services, which can drive future appreciation.
St. Albans is experiencing a wave of new development which typically leads to increased property values. Investing early in such neighborhoods can result in substantial appreciation over time.
Located just 2 miles from JFK International Airport, St. Albans is highly accessible for frequent travelers and airport employees, enhancing its desirability and future value growth.
The neighborhood is well-served by the Long Island Rail Road (LIRR) with its own station, providing direct and efficient access to Manhattan (25 minutes to Penn Station) and other parts of NYC.
Future Growth: The ongoing development coupled with the neighborhood’s strategic location near JFK and many convenient transportation options, position St. Albans for significant appreciation in property value.
PROPERTY FACTS
| Price | $1,499,999 | Apartment Style | Low Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Sale Condition | Building in Shell Condition | Building Size | 10,943 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1938 |
| Property Subtype | Apartment |
| Price | $1,499,999 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Sale Condition | Building in Shell Condition |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,943 SF |
| No. Stories | 3 |
| Year Built | 1938 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 600 - 1,200 |
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Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 10442-0021 | Improvements Assessment | $191,250 |
| Land Assessment | $48,600 | Total Assessment | $239,850 |
PROPERTY TAXES
Parcel Number
10442-0021
Land Assessment
$48,600
Improvements Assessment
$191,250
Total Assessment
$239,850
ZONING
| Zoning Code | R5B, C1-3 |
| R5B, C1-3 |
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Diamond Pillar LLC
113-02,06 FARMERS BLVD | 11302-06 Farmers Blvd
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