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    97-15 Sutphin Blvd Queens, NY 11435

    Sponsored
    For Sale
    $11,300,000

    Jamaica, NY: 14,050 SF, Dual Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Queens, NY commercial property presents a remarkable investment opportunity. Located at 97-15 & 97-31 Sutphin Blvd, Jamaica, NY 11435, this 14,050 square foot lot boasts dual street frontage and is zoned C4-5X, allowing for versatile development options. The property includes two existing buildings: a 3,878 square foot car wash and a 6,171 square foot auto shop. With a 5.0 FAR, the buildable square footage totals 70,250 square feet, suitable for mixed-use development. Its prime location, a short walk from the Jamaica Center Train Station, ensures high accessibility and significant foot traffic. The property can be delivered vacant, providing immediate development potential. This substantial lot size, favorable zoning, and convenient transportation access make it ideal for residential, commercial, or mixed-use projects. The asking price is $11,300,000. The buildings were constructed in 1975 and 1955. This is an excellent opportunity for developers and investors seeking a high-return investment in a rapidly growing area.

    Property Features for 97-15 Sutphin Blvd

    General Information

    Property type
    Automotive properties

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • 14,050 SF lot with dual street access.
    • C4‑5X zoning allows versatile development.
    • 70,250 buildable SF (5.0 FAR) for mixed‑use projects.
    • Existing 3,878 SF car wash and 6,171 SF auto shop.
    Property Profile Location Intelligence

    Current Use by Public Records

    J D J ... Auto Repair Shop

    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.804640121124
    Latitude
    40.697051572944

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    FAQs

    What type of property is this?
    Automotive property - Jamaica, NY: 14,050 SF, Dual Frontage
    Where is this automotive property located?
    The property is located at 97-15 Sutphin Blvd Queens, NY.
    What is the asking price?
    The asking price for this property is $11,300,000.
    What are key features of this property?
    This property features: 14,050 SF lot with dual street access.; C4-5X zoning allows versatile development.; 70,250 buildable SF (5.0 FAR) for mixed-use projects.
    Request Owner's contact information
    97-15 Sutphin Blvd Queens, NY 11435
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    Queens, NY 11435
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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
    97-15 Sutphin Blvd Queens, NY 11435
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