Mixed-Use Building with
11448 SUTPHIN BLVD Jamaica, NY 11434
11448 SUTPHIN BLVD, Jamaica, NY, 11434
$980,000
For Sale
$980,000
Barbershop occupies the front first floor and full basement, with separate 3-bedroom and 4-bedroom apartments above.
Property Size2,392 SF
Price / SF$409.70
Days on Market147
Property Features for 11448 SUTPHIN BLVD
General Information
- Standard status
- Active
- Size
- 2,392 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing agency
(718) 790-3288
Listed by
Keller Williams Rty Gold Coast
(718) 790-3288
Source
Xome
Added: Feb 25 Updated: Jul 21 at 4:38AM Checked: Jul 21 at 4:38AM
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 Keller Williams Rty Gold Coast
Investment Insights
Based on property information with market context.
This mixed-use building includes commercial and residential space configured for two separate living units and a dedicated business area. The front of the first floor and the full basement are occupied by an established barbershop, while the rear of the first floor features a spacious 3-bedroom, 1-bath apartment with a full kitchen and living/dining area. The second floor offers a large 4-bedroom, 1-bath unit with a similar layout.
Located on Sutphin Boulevard in Jamaica, Queens, the property is described as an income-producing setup with ongoing rental demand tied to the residential units and established retail use.
The offering is presented with a 6.38% cap rate.
Located on Sutphin Boulevard in Jamaica, Queens, the property is described as an income-producing setup with ongoing rental demand tied to the residential units and established retail use.
The offering is presented with a 6.38% cap rate.
Key Highlights
- Mixed‑use building on Sutphin Boulevard with barbershop on the front first floor and full basement
- Includes a rear 3‑bedroom, 1‑bath apartment with a full kitchen and living/dining area
- Second floor features a 4‑bedroom, 1‑bath unit with a similar layout, including kitchen and living/dining area
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.5k | $46.20 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $106.3k | $44.44 |
| − OpEx | −$47.8k | −$20.00 |
| NOI | $58.5k | $24.44 |
2,392 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$835.3K
$730.9K – $974.5K
NOI $58,471 @ 7.0% cap · market cap 5.97%
Second Best
Retail
$610.0K
$533.7K – $711.6K
NOI $42,697 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,439 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Barbershop occupies the front first floor and full basement, with separate 3-bedroom and 4-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 11448 SUTPHIN BLVD Jamaica, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Mixed‑use building on Sutphin Boulevard with barbershop on the front first floor and full basement; Includes a rear 3‑bedroom, 1‑bath apartment with a full kitchen and living/dining area; Second floor features a 4‑bedroom, 1‑bath unit with a similar layout, including kitchen and living/dining area
