2020-Built 3-Unit Triplex with
10847 Sutphin Boulevard, Jamaica, NY 11435
For Sale
$1,629,000
A finished basement, private driveway, and one-car garage complement the residential units.
Property Size4,045 SF
Price / SF$402.72
Days on Market18
Property Features for 10847 Sutphin Boulevard
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
backyard
in-unit laundry
Finished,Full
5
Yes
6
First Floor Bedroom,First Floor Full Bath
Finished, Full
Public
No
Driveway, Garage
4045
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hassan Mahmood
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Investment Insights
Based on property information with market context.
Built in 2020, this triplex contains three residences with a one-bedroom, one-bathroom unit on the first floor and two additional units above. The second-floor residence has two bedrooms and two bathrooms; the third-floor unit has two bedrooms and one bathroom. Each includes a kitchen and living and dining areas. The upper-level duplex layout also includes a family room, an additional bedroom with an en-suite bathroom and closet, and a private rear-facing balcony. Other features include a finished basement with a separate entrance, a private driveway, a one-car garage, and a total building area of 4,045 square feet.
Outdoor features include a backyard connection from the first-floor unit and front-facing balconies on the second and third floors. The property is on Sutphin Boulevard in Jamaica, near transportation, supermarkets, grocery stores, and places of worship.
Outdoor features include a backyard connection from the first-floor unit and front-facing balconies on the second and third floors. The property is on Sutphin Boulevard in Jamaica, near transportation, supermarkets, grocery stores, and places of worship.
Key Highlights
- Three residential units with bedroom and bathroom layouts of 1/1, 2/2, and 2/1
- Built in 2020; 4,045 square feet of building area
- Upper‑level duplex includes family room and an additional bedroom with en‑suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,878
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,977,560
$2.0M
Cap Rate 7%
$1,412,543
$1.4M
Cap Rate 9%
$1,098,644
$1.1M
Market Conditions
NOI Build-Up for 4,045 SF
Gross rent
$186.9K $46.20/SF
− Vacancy
−$7.1K −$1.76/SF
EGI
$179.8K $44.44/SF
− OpEx
−$80.9K −$20.00/SF
NOI
$98.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,977,560
Cap Rate 7%
$1,412,543
Cap Rate 9%
$1,098,644
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,878 @ 7.0% cap · market cap 6.07%
Second Best
Multifamily LT 5
$956.4K
$836.9K – $1.12M
NOI $66,951 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,741 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,041
Businesses Nearby
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Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
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Market
Properties on Market for Triplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A finished basement, private driveway, and one-car garage complement the residential units.
Where is this triplex located?
The property is located at 10847 Sutphin Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $1,629,000.
What are key features of this property?
This property features: Three residential units with bedroom and bathroom layouts of 1/1, 2/2, and 2/1; Built in 2020; 4,045 square feet of building area; Upper‑level duplex includes family room and an additional bedroom with en‑suite bathroom
