Attached Retail
11903 Sutphin Boulevard, Jamaica, NY 11434
For Sale
$422,400
R5D zoning permits additional buildable square footage beyond the existing retail space.
Property Size1,387 SF
Price / SF$304.54
Days on Market139
Property Features for 11903 Sutphin Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Utopia Real Estate
Listed By:
Paul Luciano
(718) 359-1900
Source:
Croninreale
Added: Jun 23
Changed: Nov 7
Last Checked: Nov 7 at 12:21PM
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 Utopia Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This attached retail property contains 1,387 square feet and was built in 1931. Its R5D zoning allows additional buildable square footage. The property is located at 11903 Sutphin Boulevard in Jamaica, New York.
Key Highlights
- 1,387‑square‑foot attached retail space
- R5D zoning allows additional buildable square footage
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,758
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,160
$495.2K
Cap Rate 7%
$353,686
$353.7K
Cap Rate 9%
$275,089
$275.1K
Market Conditions
NOI Build-Up for 1,387 SF
Gross rent
$41.6K $30.00/SF
− Vacancy
−$6.2K −$4.50/SF
EGI
$35.4K $25.50/SF
− OpEx
−$10.6K −$7.65/SF
NOI
$24.8K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,160
Cap Rate 7%
$353,686
Cap Rate 9%
$275,089
Alternative Uses
Best Use
Retail
$353.7K
$309.5K – $412.6K
NOI $24,758 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$894.7K – $1.19M
NOI $71,576 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
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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
$585,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Queens County, NY
Properties on Market for Retail space in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - R5D zoning permits additional buildable square footage beyond the existing retail space.
Where is this retail space located?
The property is located at 11903 Sutphin Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $422,400.
What are key features of this property?
This property features: 1,387‑square‑foot attached retail space; R5D zoning allows additional buildable square footage; Built in 1931
