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    119-07 Sutphin Blvd Brooklyn, NY 11434

    Sponsored
    For Sale
    $799,000

    Prime Queens location, high ceilings, great potential.

    Property size:
    1,387 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,387 square foot commercial property, located at 119-07 Sutphin Boulevard in Brooklyn, Queens, New York (zip code 11434), presents a unique investment opportunity. The single-story building sits on a 1,772 square foot lot and boasts impressive 20+ foot ceilings. Its versatile M1 zoning allows for a variety of uses, including but not limited to: office space, wholesale services, repair shops, storage facilities, and light industrial applications. Previously used as a place of worship, the property offers significant adaptability for a new owner. The building includes a full basement providing ample storage, and benefits from an additional outdoor space at the rear. Its prime location on Sutphin Boulevard offers excellent visibility and accessibility, just minutes from John F. Kennedy International Airport. Convenient access to the Belt Parkway, Van Wyck Expressway, and other major roadways, as well as proximity to the Q6 bus route, ensures easy transportation. The property is also centrally located amongst other businesses and residential properties, and offers easy access to public transportation, including bus, subway, and the Long Island Railroad, providing convenient commutes to Manhattan and other parts of New York City. The asking price is $799,000.

    Property Features for 119-07 Sutphin Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    1,387 SF

    Building Details

    Stories
    1
    Units
    1
    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
    Brooklyn
    County
    Queens
    State
    New York
    Longitude
    -73.7913855
    Latitude
    40.6790486

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    FAQs

    What type of property is this?
    Restaurant - Prime Queens location, high ceilings, great potential.
    Where is this restaurant located?
    The property is located at 119-07 Sutphin Blvd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    Request Owner's contact information
    119-07 Sutphin Blvd Brooklyn, NY 11434
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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
    119-07 Sutphin Blvd Brooklyn, NY 11434
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