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    109-14 Sutphin Blvd Jamaica, NY 11435

    Sponsored
    For Sale
    $1,299,000

    Turnkey Retail & Residential Income Property

    Property size:
    2,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fully renovated, 2,040 square foot retail property at 109-14 Sutphin Boulevard in Jamaica, Queens County, New York (zip code 11435) presents a compelling investment opportunity. Built in 1925 and situated on a 0.05-acre lot, the property boasts a complete rent roll, offering immediate income generation. The retail space generates $3,500 per month in rent, while two residential units, each a 2-bedroom apartment, each contribute $2,696 monthly. Tenants are responsible for their own utilities, simplifying property management. This turnkey solution is ideally positioned in a rapidly developing area, promising strong future appreciation. The property's location offers convenient access to various amenities and transportation options. This is a rare chance to acquire a well-maintained, income-producing asset in a high-growth market. Asking price is $1,299,000.

    Property Features for 109-14 Sutphin Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    2,040 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1925

    HighLights

    • $1,299,000 asking price.
    • 2,040 square foot retail property.
    • Built in 1925.
    • 0.05‑acre lot.
    • Located at 109‑14 Sutphin Blvd, Jamaica, NY 11435.
    • Fully renovated with complete rent roll.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -73.798193
    Latitude
    40.691372

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    FAQs

    What type of property is this?
    Retail property - Turnkey Retail & Residential Income Property
    Where is this retail property located?
    The property is located at 109-14 Sutphin Blvd Jamaica, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: $1,299,000 asking price.; 2,040 square foot retail property.; Built in 1925.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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
    109-14 Sutphin Blvd Jamaica, NY 11435
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