Property profile

97-15 Sutphin Blvd Queens, NY 11435

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

97-15 Sutphin Blvd Queens, NY 11435
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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