Mixed-Use Building with Gated
For Sale
$1,150,000
9108 Sutter Avenue, Ozone Park, NY 11427
The property combines commercial space with a four-bedroom apartment and private on-site parking.
Property Size2,520 SF
Price / SF$456.35
Days on Market655
Property Features for 9108 Sutter Avenue
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
R4-1
Additional Details
Road Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,997
Amenities
Excellent Signage
Great Exposure
2 Lots
Smart Meters
Courtyard
High 9' Ceilings
CCTY/Security System
Basement
2 Fireplaces
Outdoor Terrace
All New LED Lighting
CAC
Building Details
Building Size
2,520 SF
Year Built
1910
Year Renovated
2022
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Croninreale
Added: Jan 7, 2025
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 All Island Estates Realty Corp
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Investment Insights
Based on property information with market context.
This mixed-use property includes commercial space, a four-bedroom apartment with a terrace, and a basement. Building features include 9-foot ceilings, two fireplaces, a courtyard, central air conditioning, security equipment, separate meters, and LED lighting. Renovations were completed in 2020 and 2022. The apartment and commercial spaces are described as month-to-month, and parking is also part of the property’s configuration.
The site has 19 feet of frontage on Sutter Avenue and 24 feet on Chicot Road, with six spaces in a private gated parking area. It is two blocks from Cross Bay Boulevard and minutes from JFK Airport. Nearby businesses named include Starbucks, UPS, The Home Depot, Stop & Shop, and LA Fitness. The property is zoned R4-1.
The site has 19 feet of frontage on Sutter Avenue and 24 feet on Chicot Road, with six spaces in a private gated parking area. It is two blocks from Cross Bay Boulevard and minutes from JFK Airport. Nearby businesses named include Starbucks, UPS, The Home Depot, Stop & Shop, and LA Fitness. The property is zoned R4-1.
Key Highlights
- Mixed‑use property with commercial space and a 4‑bedroom apartment
- Six parking spaces in a private gated lot
- 19' of frontage on Sutter Avenue and 24' on Chicot Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,432
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,640
$648.6K
Cap Rate 7%
$463,314
$463.3K
Cap Rate 9%
$360,356
$360.4K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$60.5K $24.00/SF
− Vacancy
−$8.6K −$3.41/SF
EGI
$51.9K $20.59/SF
− OpEx
−$19.5K −$7.72/SF
NOI
$32.4K $12.87/SF
Area
Queens County, NY
Vacancy
14.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,640
Cap Rate 7%
$463,314
Cap Rate 9%
$360,356
Alternative Uses
Best Use
Mixed Use
$463.3K
$405.4K – $540.5K
NOI $32,432 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,044 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,922
Businesses Nearby
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Business Placement
Demographics for 11427, NY
24,555
Population
8,435
Households
2.9
Avg Household Size
44
Median Age
36%
College-Educated
84%
High-School Grad
1.6 sq mi
ZIP Area
15,347
Density / Sq Mi
$92,129
Median Household Income
$48,439
Median Earnings
$1,697
Median Rent
$690,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines commercial space with a four-bedroom apartment and private on-site parking.
Where is this mixed-use property located?
The property is located at 9108 Sutter Avenue Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Mixed‑use property with commercial space and a 4‑bedroom apartment; Six parking spaces in a private gated lot; 19' of frontage on Sutter Avenue and 24' on Chicot Road
