Versatile Commercial Building on Sutphin
For Sale
$1,250,000
Pending
12210 Sutphin Blvd, Queens, NY 11434
Four-story mixed-use building with expansion potential on Sutphin Boulevard.
Property Size1,664 SF
Lot Size0.13 Acres
Days on Market266
Property Features for 12210 Sutphin Blvd
General Information
Standard status
Pending
Size
1,664 SF
Lot size
0.13 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,572
Building Details
Building Size
1,664 SF
Year Built
1931
Listing Agency:
(347) 251-1652
Listed By:
Melanie Headley
(347) 251-1652
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 17
Last Checked: Aug 20 at 9:42AM
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 Melanie Headley
Investment Insights
Based on property information with market context.
This versatile four-story commercial building is situated on Sutphin Boulevard, offering a location suitable for apartment buildings and business centers. The property benefits from proximity to transportation options, making it accessible for various business ventures. The building is being sold in As Is condition. Currently, the basement is utilized for utilities and storage. The first and second floors feature event spaces, including a dance floor and hall with exposed red brick. The fourth level is used as office space. The property includes a yard space and zoning that allows for expansion, offering opportunities for development and investment.
Key Highlights
- Prime location on vibrant Sutphin Boulevard.
- Versatile commercial building suitable for apartment buildings or business centers.
- Proximity to myriad transportation options.
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
$54,785
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
4.38%
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%
$1,095,700
$1.1M
Cap Rate 7%
$782,643
$782.6K
Cap Rate 9%
$608,722
$608.7K
Market Conditions
NOI Build-Up for 1,664 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
$83.9K $50.40/SF
− Vacancy
−$10.8K −$6.50/SF
EGI
$73.0K $43.90/SF
− OpEx
−$18.3K −$10.97/SF
NOI
$54.8K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,095,700
Cap Rate 7%
$782,643
Cap Rate 9%
$608,722
Alternative Uses
Best Use
Office B
$782.6K
$684.8K – $913.1K
NOI $54,785 @ 7.0% cap · market cap 4.38%
Second Best
Retail
$424.3K
$371.3K – $495.0K
NOI $29,702 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,870 @ 7.0% cap · market cap 6.87%
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story mixed-use building with expansion potential on Sutphin Boulevard.
Where is this mixed-use property located?
The property is located at 12210 Sutphin Blvd Queens, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location on vibrant Sutphin Boulevard.; Versatile commercial building suitable for apartment buildings or business centers.; Proximity to myriad transportation options.
