Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    8900 Sutphin Blvd Jamaica, NY 11435

    Sponsored
    For Lease
    Contact for pricing

    17,400 SF Office/Medical/Retail Space Available

    Lot size:
    17,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 17,400 square foot multi-tenant property at 8900 Sutphin Boulevard in Jamaica, Queens County, New York offers a prime opportunity for businesses seeking versatile office, medical, or retail space. The building features a convenient minimum divisible space of 1,200 square feet, with a maximum contiguous space of 2,400 square feet currently available. A significant 10,000 square feet is vacant and ready for immediate occupancy. The building is equipped with elevators for easy access to all floors. Its strategic location directly across from the New York State Supreme Court Building and the New York City Civil Courthouse provides unparalleled visibility and accessibility. Adding to its convenience, a Starbucks is located within the building. Exceptional public transportation is readily available, with easy walking access to numerous bus lines (Q6, 8, 9, 20A, 20B, 24, 30, 31, 40, 41, 43, 44, & Q60), subway lines (E, F, J & Z), the Long Island Rail Road (LIRR), and the AirTrain to John F. Kennedy International Airport. This property presents a unique blend of prime location, versatile space, and convenient amenities, making it an ideal investment for a variety of businesses. The property's zip code is 11435.

    Property Features for 8900 Sutphin Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,400 SF

    Unit(s) available at that property

    Space
    146-20 89th Ave/ GLA
    Size
    2,400 SF
    Space
    Floor 1 - 1
    Size
    2,400 SF
    Space
    Floor 1 - 2
    Size
    366 SF
    Space
    Lower Level + Floor 3
    Size
    500 SF
    Space
    LL3
    Size
    117 SF
    Space
    LL5
    Size
    117 SF
    Space
    LL8
    Size
    99 SF
    Space
    LL7
    Size
    99 SF
    Space
    308 C
    Size
    140 SF
    Space
    308 D
    Size
    110 SF
    Space
    308 F
    Size
    150 SF
    Space
    Floor 2 -2
    Size
    5,770 SF
    Space
    Floor 2 - 1
    Size
    5,770 SF
    Space
    LL10
    Size
    464 SF
    Space
    308 H
    Size
    180 SF
    Space
    308 A
    Size
    160 SF
    Space
    102
    Size
    366 SF

    HighLights

    • Modern exterior façade.
    • Newly renovated lobby.
    • Added second elevator for improved access.
    • Upgraded restrooms throughout.
    • State‑of‑the‑art fire safety system and sprinklers installed.
    • Brand new storefronts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rosenberg Minc Falkoff ... Personal Injury Attorney Carolyn Clyne Attorney Sutphin Boulevard Business ... Non-Profit Organization Veritext Legal Solutions Court Reporter Bobbito Ross Artist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.8089405
    Latitude
    40.703503

    Nearby Similar for Lease

    • $3,800 /Mo
      1,026 SF

      Richmond Hill Office Space Available

      Move-in ready office space in high-traffic Richmond Hill location.
      120-15 Liberty Ave, South Richmond Hill, NY 11419
      View Details
    • $8,000 /Mo

      Jamaica Retail Space For Rent

      Prime commercial space in the heart of Jamaica, Queens.
      172-18 Jamaica Ave, Jamaica, NY 11432
      View Details
    • New
      $5,500 /Mo
      5,998 SF

      Jamaica Office Space For Rent

      Commercial office space available in Jamaica, Queens.
      8030 164Th St, Jamaica, NY 11432
      View Details
    • $4,000 /Mo
      1,000,000 SF

      Queens Village Mixed-Use Opportunity

      Highly visible commercial property in the heart of Queens Village.
      211-07 Jamaica Ave, Queens Village, NY 11428
      View Details
    • $10,750 /Mo
      4,580 SF

      Corner Building in Ozone Park

      Corner building suitable for retail, dining, warehouse, or medical use.
      92-02 Liberty Ave, Ozone Park, NY 11417
      View Details
    • $2,500 /Mo
      5,650 SF

      Ozone Park Commercial Space Rental

      Versatile commercial space in high-traffic Ozone Park location.
      11918 Liberty Ave, Ozone Park, NY 11419
      View Details
    • $6,800 /Mo
      12,449 SF

      Retail Space in Richmond Hill

      Commercial space for lease in Richmond Hill, Queens.
      119-04 Hillside Ave, Richmond Hill, NY 11418
      View Details
    • $4,000 /Mo
      1,930 SF

      Retail Space in Richmond Hill

      Newly renovated retail space suitable for various businesses.
      107-10 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • $12,000 /Mo
      5,079 SF

      Luxury Office Space Available

      High-visibility office space in Jamaica Estates, 3,300 sq. ft.
      8015 188Th St, Jamaica Estates, NY 11423
      View Details
    • $2,750 /Mo
      5,998 SF

      South Ozone Park Office Space

      Move-in ready office spaces in South Ozone Park, NY.
      115-01 Lefferts Blvd, South Ozone Park, NY 11420
      View Details
    • $2,000 /Mo
      2,361 SF

      Ozone Park Commercial Space Available

      Commercial space on Crossbay Blvd, ideal for retail or office.
      10510 Crossbay Blvd, Ozone Park, NY 11417
      View Details
    • $6,000 /Mo
      4,620 SF

      Jamaica, NY Commercial Space

      Upper-level commercial space suitable for retail, office, or studio.
      14811 175Th St, Jamaica, NY 11434
      View Details

    FAQs

    What type of property is this?
    Medical office - 17,400 SF Office/Medical/Retail Space Available
    Where is this medical office located?
    The property is located at 8900 Sutphin Blvd Jamaica, NY.
    What are key features of this property?
    This property features: Modern exterior façade.; Newly renovated lobby.; Added second elevator for improved access.
    Request Owner's contact information
    8900 Sutphin Blvd Jamaica, NY 11435
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8900 Sutphin Blvd
    Jamaica, NY 11435
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8900 Sutphin Blvd Jamaica, NY 11435
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.