121-19 Sutphin Boulevard,Jamaica, NY 11434
Jamaica, NY 11434
Description
Exceptional Mixed-Use Investment Opportunity in the Heart of Queens One of the best-priced renovated mixed-use investment properties currently available in Queens. A rare opportunity to acquire a vacant, income-producing asset with exceptional cash flow potential. Don't miss this rare opportunity to acquire a renovated, vacant 3,800 SF mixed-use building in a prime Sutphin Blvd location. Featuring (4) renovated units with a total of 7 bedrooms and 4 bathrooms, this turnkey property offers immediate income potential for investors or owner-users alike. The building includes one commercial storefront with excellent visibility on Sutphin Blvd and three renovated residential apartments, all delivered vacant, allowing the new owner to lease at current market rents from day one. Additional highlights include 12-foot ceilings a large finished basement, and strong upside in one of Queens' most active commercial corridors. Based on estimated market rents, the property offers projected gross annual income exceeding $160,000, representing an estimated ~12% capitalization rate at full occupancy. Property Features: * Approximately 3,800 SF* (4) Renovated Units* 7 Bedrooms | 4 Bathrooms* Prime Mixed-Use Building* 12-Foot Ceilings* Large Basement* Vacant* Strong Investment or Owner-User Opportunity Unit Mix: * Unit #1 - Retail Storefront* Unit #2 - Three-Bedroom Apartment* Unit #3 - Two-Bedroom Apartment* Unit #4 - Two-Bedroom Apartment **Seller financing may be available to qualified purchasers with a substantial down payment.****Buyer's responsibility to verify all information.**
Details
| MLS # | 1034363 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 87 |
| Listing Provided By | Voro LLC | Eric Santiago |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,760 |
| Car Port | Yes |
| Basement | Y |
| Units | 4 |
| Acreage | 0.05 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard, Other |
| Interior Features | High Ceilings, Other |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Alley Access |
Utilities
| Utilities | Natural Gas Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 322650 |
| Tax Annual Amount | 12084 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11434 |
| School District | John Bowne High School |
| Elementary School | Ps 110 |
| High School | John Bowne High School |
| Listing VS Median (in 11434) | |
Price: $1,290,000 low | high Med: $804,999 sqft: 3,760 low | high Med: 1,218 $ / sqft: $343 low | high Med: $663 On site: 87 low | high Med: 148 | |
Market Activity 11434
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11434 |
| School District | John Bowne High School |
| Elementary School | Ps 110 |
| High School | John Bowne High School |
| Listing VS Median (in 11434) | |
Price: $1,290,000 low | high Med: $804,999 sqft: 3,760 low | high Med: 1,218 $ / sqft: $343 low | high Med: $663 On site: 87 low | high Med: 148 | |
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