8900 Sutphin BlvdJamaica, NY 11435

Property Details for 8900 Sutphin Blvd

Year built

1924

Lot size

0.31 AC

Property size (Sq ft)

52,186 SF

Zone code

C4-4A

Property type

Office properties

Property subtype

Office buildings

APN

09676-0007

APU

96760007

Description

This exceptional 17,400 square foot multi-tenant property at 8900 Sutphin Boulevard in Jamaica, Queens County, New York offers a prime opportunity for businesses seeking versatile office, medical, or retail space. The building features a convenient minimum divisible space of 1,200 square feet, with a maximum contiguous space of 2,400 square feet currently available. A significant 10,000 square feet is vacant and ready for immediate occupancy. The building is equipped with elevators for easy access to all floors. Its strategic location directly across from the New York State Supreme Court Building and the New York City Civil Courthouse provides unparalleled visibility and accessibility. Adding to its convenience, a Starbucks is located within the building. Exceptional public transportation is readily available, with easy walking access to numerous bus lines (Q6, 8, 9, 20A, 20B, 24, 30, 31, 40, 41, 43, 44, & Q60), subway lines (E, F, J & Z), the Long Island Rail Road (LIRR), and the AirTrain to John F. Kennedy International Airport. This property presents a unique blend of prime location, versatile space, and convenient amenities, making it an ideal investment for a variety of businesses. The property's zip code is 11435.

• CAP approach

  CAP return

  Valuation

  6%

  $8,627,905

  6.5%

  $7,964,220

  7%

  $7,395,347

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,818,623

  Geo Method

  $6,818,623

• Alternative Use

  Use

  Valuation

  Residential

  $9,875,632

  Hospitality

  $9,046,026

  Educational

  $7,526,188

  Medical

  $7,785,024

  Retail

  $11,707,403

Location Insight

City

Jamaica

County

Queens

State

New York

Latitude

40.7035

Longitude

-73.8089

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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