11663 Sutphin Boulevard, Jamaica, NY 11434

Building Details

Building Size 2,520 SF More

Year Built 1931 More

Units 4 More

Listing Agency: Omni Realty Corp h***@omnirealty.com Show Phone

Listed By: Nurul Huda Show Phone

Source: Clairedleone

Added: Sep 15 Changed: Nov 6 Last Checked: Nov 6 at 3:22PM

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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 Omni Realty Corp

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use property combines a three-family building with a storefront along Sutphin Boulevard. The building contains 2,520 square feet and dates to 1931. A separate vacant lot directly behind the building is included in the sale, adding land to the existing residential and commercial improvements.

The rear parcel may warrant evaluation for expansion or other development, subject to zoning, site configuration, approvals, and applicable NYC regulations. The property brings together residential units, storefront space, and an additional vacant lot in one offering.

Key Highlights

• Three‑family building with storefront on Sutphin Boulevard
• 2,520‑square‑foot building constructed in 1931
• Separate vacant lot directly behind the building is included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,600

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,232,000 $1.2M

Cap Rate 7%

$880,000 $880.0K

Cap Rate 9%

$684,444 $684.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,520 SF

Gross rent

$116.4K $46.20/SF

− Vacancy

−$4.4K −$1.76/SF

EGI

$112.0K $44.44/SF

− OpEx

−$50.4K −$20.00/SF

NOI

$61.6K $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%

$1,232,000

Cap Rate 7%

$880,000

Cap Rate 9%

$684,444

Alternative Uses

Best Use

Apartment 5plus

$880.0K

$770.0K – $1.03M (±1% cap)

NOI $61,600 @ 7.0% cap · market cap 4.56%

Second Best

Retail

$642.6K

$562.3K – $749.7K (±1% cap)

NOI $44,982 @ 7.0% cap · market cap 3.33%

Theoretical Best

Office A

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,044 @ 7.0% cap · market cap 9.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

No 1 Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,315

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

Properties on Market for Mixed-use properties in Jamaica

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A separate vacant parcel behind the building accompanies three residential units and ground-floor commercial space.

Where is this mixed-use property located?

The property is located at 11663 Sutphin Boulevard Jamaica, NY.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Three‑family building with storefront on Sutphin Boulevard; 2,520‑square‑foot building constructed in 1931; Separate vacant lot directly behind the building is included