Mixed-Use Property with
117-34 Sutphin Blvd, Queens, NY 11434
For Sale
New
$1,398,000
Commercial space, three two-bedroom apartments, a full basement, and an attached garage occupy the property.
Property Size2,800 SF
Days on Market3
Property Features for 117-34 Sutphin Blvd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Units
Listing Agency:
WINZONE REALTY INC.
Listed By:
Sandra Salinas
(718) 506-8029
Source:
Elliman
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 1:57PM
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 WINZONE REALTY INC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property combines ground-floor commercial space with one two-bedroom, one-bath apartment on the same level. Two additional apartments, each with two bedrooms and one bath, are located upstairs. A full basement and an attached garage with capacity for two cars complete the building.
Key Highlights
- Ground‑floor commercial space plus three apartments, each with 2 bedrooms and 1 bath
- Full basement
- Attached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,444
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,880
$1.4M
Cap Rate 7%
$977,771
$977.8K
Cap Rate 9%
$760,489
$760.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$129.4K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$124.4K $44.44/SF
− OpEx
−$56.0K −$20.00/SF
NOI
$68.4K $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%
$1,368,880
Cap Rate 7%
$977,771
Cap Rate 9%
$760,489
Alternative Uses
Best Use
Apartment 5plus
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 4.90%
Second Best
Retail
$714.0K
$624.8K – $833.0K
NOI $49,980 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,493 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
660
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 Queens
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space, three two-bedroom apartments, a full basement, and an attached garage occupy the property.
Where is this mixed-use property located?
The property is located at 117-34 Sutphin Blvd Queens, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Ground‑floor commercial space plus three apartments, each with 2 bedrooms and 1 bath; Full basement; Attached 2‑car garage
