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    Sutphin Blvd Jamaica, NY 11435

    For Sale
    $11,300,000

    High-traffic location, versatile zoning, huge potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional Jamaica, Queens commercial property presents a compelling investment opportunity for developers and investors. Boasting a substantial 14,050 square foot lot with dual street frontage, this site offers unparalleled versatility. The C4-5X zoning allows for a wide range of development possibilities, including mixed-use projects. With a 5.0 FAR, the buildable square footage totals an impressive 70,250 square feet. Currently, the property features two existing structures: a 3,878 square foot car wash and a 6,171 square foot auto shop. The property can be delivered vacant, providing immediate access for redevelopment. Its prime location, a short walk from the Jamaica Center Train Station, ensures high visibility and accessibility, guaranteeing significant foot and vehicular traffic. This strategic positioning, combined with the substantial buildable area and flexible zoning, makes this property ideally suited for a variety of projects, from residential and commercial developments to innovative mixed-use concepts. The scale and potential of this site make it a rare find in a thriving urban center. This is a chance to capitalize on a high-demand location and create a significant return on investment. The property is priced at $11,300,000.

    Property Features for Sutphin Blvd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1955
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.80788
    Latitude
    40.70117

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, versatile zoning, huge potential.
    Where is this commercial real estate located?
    The property is located at Sutphin Blvd Jamaica, NY.
    What is the asking price?
    The asking price for this property is $11,300,000.
    (718) 440-8162
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    Sutphin Blvd Jamaica, NY 11435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Sutphin Blvd Jamaica, NY 11435
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