Mixed-Use Property in Excellent
For Sale
$1,399,999
11734 Sutphin Blvd, Queens, NY 11434
Mixed-use property featuring commercial space and residential apartments.
Property Size2,840 SF
Lot Size0.04 Acres
Days on Market267
Property Features for 11734 Sutphin Blvd
General Information
Standard status
Active
Size
2,840 SF
Lot size
0.04 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,119
Building Details
Building Size
2,840 SF
Year Built
1930
Units
3
Listing Agency:
WINZONE REALTY INC.
(646) 483-6052
Listed By:
Maritza Rodriguez · License #10401375460
(646) 483-6052
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 17
Last Checked: Aug 21 at 11:17AM
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.
Investment Insights
Based on property information with market context.
This mixed-use property features a first-floor commercial space available for rent, complete with a bathroom. The second floor houses two apartments, each containing two bedrooms and a bathroom. Additional features include an attached two-car garage and a full finished basement. The property benefits from its location near public transportation, schools, supermarkets, restaurants, and other amenities.
Key Highlights
- Multi‑dwelling property featuring commercial space and two apartments.
- Excellent location near public transportation, schools, supermarkets, and restaurants.
- Two apartments, each offering 2 bedrooms and a bathroom.
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
$69,422
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
4.96%
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%
$1,388,440
$1.4M
Cap Rate 7%
$991,743
$991.7K
Cap Rate 9%
$771,356
$771.4K
Market Conditions
NOI Build-Up for 2,840 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
$131.2K $46.20/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$126.2K $44.44/SF
− OpEx
−$56.8K −$20.00/SF
NOI
$69.4K $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 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%
$1,388,440
Cap Rate 7%
$991,743
Cap Rate 9%
$771,356
Alternative Uses
Best Use
Apartment 5plus
$991.7K
$867.8K – $1.16M
NOI $69,422 @ 7.0% cap · market cap 4.96%
Second Best
Retail
$724.2K
$633.7K – $844.9K
NOI $50,694 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,558 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Mixed-use property featuring commercial space and residential apartments.
Where is this mixed-use property located?
The property is located at 11734 Sutphin Blvd Queens, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Multi‑dwelling property featuring commercial space and two apartments.; Excellent location near public transportation, schools, supermarkets, and restaurants.; Two apartments, each offering 2 bedrooms and a bathroom.
