Mixed-Use Building with
For Sale
$980,000
Pending
11448 SUTPHIN BLVD, Jamaica, NY 11434
Barbershop occupies the front first floor and full basement, with separate 3-bedroom and 4-bedroom apartments above.
Property Size2,392 SF
Days on Market196
Property Features for 11448 SUTPHIN BLVD
General Information
Standard status
Pending
Size
2,392 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$7,925
Amenities
Electric, Window/Wall Unit
3
No Parking.
Building Details
Year Built
1925
Listing Agency:
(516) 482-0200
Listed By:
Keller Williams Rty Gold Coast
(718) 790-3288
Source:
Xome
Added: Feb 21
Changed: Sep 2
Last Checked: Sep 5 at 5:19AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,471
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,169,420
$1.2M
Cap Rate 7%
$835,300
$835.3K
Cap Rate 9%
$649,678
$649.7K
Market Conditions
NOI Build-Up for 2,392 SF
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.
Gross rent
$110.5K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.3K $44.44/SF
− OpEx
−$47.8K −$20.00/SF
NOI
$58.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,169,420
Cap Rate 7%
$835,300
Cap Rate 9%
$649,678
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
