Two-Story Mixed-Use
10937 Sutphin Boulevard, Jamaica, NY 11435
For Sale
New
$3,250,000
Commercial Sale, Jamaica, NY
Property Size9,238 SF
Lot Size0.13 Acres
Price / SF$351.81
Days on Market6
Property Features for 10937 Sutphin Boulevard
General Information
Property type
Property subtype
Zoning
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Buildings
Listing Agency:
HOUSESRUS.COM Inc
(718) 322-8400
Listed By:
Chris Ramnarain CBR
(917) 705-1396
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 7 at 1:06PM
MLS# 1070813
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated, two-story mixed-use building has approximately 9,238 SF of reported building area. The ground level is configured for commercial use, while the upper floor contains four individual office spaces. The seller is willing to deliver the property vacant at closing. R5D zoning is reported. Brick construction, electric heat, ductless cooling, public water, and public sewer serve the property.
The property is at 10937 Sutphin Boulevard in Jamaica, Queens. Its lot measures approximately 52.5 feet by 105 feet, with a reported area of approximately 5,513 SF.
The property is at 10937 Sutphin Boulevard in Jamaica, Queens. Its lot measures approximately 52.5 feet by 105 feet, with a reported area of approximately 5,513 SF.
Key Highlights
- Approximately 9,238 SF of reported building area
- Two‑story configuration with commercial space at street level
- Four individual offices on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,893
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,377,860
$2.4M
Cap Rate 7%
$1,698,471
$1.7M
Cap Rate 9%
$1,321,033
$1.3M
Market Conditions
NOI Build-Up for 9,238 SF
Gross rent
$221.7K $24.00/SF
− Vacancy
−$31.5K −$3.41/SF
EGI
$190.2K $20.59/SF
− OpEx
−$71.3K −$7.72/SF
NOI
$118.9K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,377,860
Cap Rate 7%
$1,698,471
Cap Rate 9%
$1,321,033
Alternative Uses
Best Use
Office B
$4.35M
$3.80M – $5.07M
NOI $304,150 @ 7.0% cap · market cap 9.36%
Second Best
Mixed Use
$1.70M
$1.49M – $1.98M
NOI $118,893 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$6.81M
$5.96M – $7.95M
NOI $476,725 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,837
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 Mixed-use properties in Jamaica
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial ground floor and four second-floor offices provide distinct spaces within one building.
Where is this mixed-use property located?
The property is located at 10937 Sutphin Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Approximately 9,238 SF of reported building area; Two‑story configuration with commercial space at street level; Four individual offices on the second floor
