10759 Sutphin Blvd
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10759 Sutphin Blvd
3,800 SF 100% Leased Retail Building Jamaica, NY 11435 $1,079,888 ($284/SF) 11.96% Cap Rate
Investment Highlights
- Heavy Foot Traffic
- High Vacancy
- Close to all public transportation
Executive Summary
Welcome to this exceptional investment opportunity, ideal for both investors and future owners! Situated close to downtown Jamaica, this 3-unit mixed-use property boasts unbeatable convenience with nearby subways, buses, and AirTrain access to JFK. Featuring high ceilings and separate utilities for each unit, this property promises both comfort and efficiency. Priced to sell and delivering a remarkable 12% cap rate, this gem won’t last long. Don't miss out on this prime investment property!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built
1932
Price
$1,079,888
Price Per SF
$284
Cap Rate
11.96%
NOI
$129,122
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.06
Land Acres
0.04 AC
Opportunity Zone
Yes
Zoning
R5D, C2-4 - Residential with commercial overlay.
Frontage
20 FT on Sutphin Blvd
Amenities
- 24 Hour Access
- Bus Line
- Storage Space
Walk Score ®
Very Walkable (84)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 10132-0023 | Total Assessment | $19,307 |
| Land Assessment | $2,955 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $16,352 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10132-0023
Land Assessment
$2,955
Improvements Assessment
$16,352
Total Assessment
$19,307
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
Sher ( Ryan) Singh -
Keller Williams Realty, Inc.
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10759 Sutphin Blvd
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