Upgraded Jamaica Mixed-Use Investment
For Sale
Contact for pricing
116-43 Sutphin Boulevard, Jamaica, NY 11434
Turnkey mixed-use property with retail and residential income potential.
Property Size2,600 SF
Price / SF$519.23
Days on Market1305
Property Features for 116-43 Sutphin Boulevard
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Monticello Realty
Listed By:
Maria Gilma Ramirez · License #NY
Source:
Crexi
Added: Jan 19, 2023
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
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 CENTURY 21 Monticello Realty
Investment Insights
Based on property information with market context.
This fully upgraded mixed-use investment property features a street-level storefront and three 2-bedroom apartments. All units are currently rented, providing immediate income. Recent improvements include a new security gate and new HVAC system, along with comprehensive building upgrades. The property is located in Jamaica, offering convenient access to transportation. Major transit options include the E, J, and Z subway lines at Sutphin Blvd–Archer Av–JFK Airport/Jamaica Center, the LIRR at Jamaica Station, and multiple bus routes such as the Q6, Q8, Q9, Q24, Q25, Q30, Q31, Q32, Q34, Q40, Q41, Q42, Q43, Q44 SBS, Q54, Q56, Q60, Q65, and Q83. The location also provides quick access to shopping, services, and key roadways. This 2,600 square foot property presents an opportunity for investors seeking a mix of retail and residential cash flow in a high-traffic Queens location.
Key Highlights
- Fully rented mixed‑use property (storefront + 3 apartments) provides immediate income.
- Recent major upgrades including new security gate and HVAC make it a turnkey investment.
- Prime location in the heart of Jamaica with strong tenant demand.
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
$46,410
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
3.44%
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%
$928,200
$928.2K
Cap Rate 7%
$663,000
$663.0K
Cap Rate 9%
$515,667
$515.7K
Market Conditions
NOI Build-Up for 2,600 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
$78.0K $30.00/SF
− Vacancy
−$11.7K −$4.50/SF
EGI
$66.3K $25.50/SF
− OpEx
−$19.9K −$7.65/SF
NOI
$46.4K $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 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%
$928,200
Cap Rate 7%
$663,000
Cap Rate 9%
$515,667
Alternative Uses
Best Use
Retail
$663.0K
$580.1K – $773.5K
NOI $46,410 @ 7.0% cap · market cap 3.44%
Second Best
Mixed Use
$478.0K
$418.3K – $557.7K
NOI $33,462 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,968
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Turnkey mixed-use property with retail and residential income potential.
Where is this mixed-use property located?
The property is located at 116-43 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: Fully rented mixed‑use property (storefront + 3 apartments) provides immediate income.; Recent major upgrades including new security gate and HVAC make it a turnkey investment.; Prime location in the heart of Jamaica with strong tenant demand.
