113-17 Sutphin Blvd Jamaica, NY 11435
- Office Properties & Spaces
- 2,200 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 113-17 Sutphin Blvd
- Year built
- 1920
- Property size
- 2,200 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a two-story office building located at 113-17 Sutphin Boulevard in Jamaica, New York. The property boasts 2,000 square feet of net rentable space within a total building area of 2,200 square feet, situated on a 2,123 square foot lot. Built in 1920 and extensively renovated in 2023, this building is zoned R5D and offers a single unit within a single building. A 10-year net lease (NNN) is in place, commencing May 1st, 2024, and expiring May 31st, 2034, with a remaining term of five years. The current asking price is $5,500 per month, subject to a 2% annual rent increase. The lease requires a strong credit score and tax returns from prospective tenants. The property's location benefits from high street traffic and proximity to public transportation, making it suitable for a variety of service businesses. The property's history includes previous restaurant tenants. This is a solid, long-term investment opportunity with a stable income stream. The property's APN is 4-12169-2.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jamaica
- County
- 36081
- State
- New York
- Longitude
- -73.7937
- Latitude
- 40.6864
