12214 Sutphin BlvdJamaica, NY 11434

Property Details for 12214 Sutphin Blvd

Year built

1925

Lot size

0.05 AC

Property size (Sq ft)

2,392 SF

Zone code

R3A

Property type

Investment properties

Property subtype

Live-work space

APN

12045-0013

APU

120450013

Description

This prime Jamaica, NY mixed-use property, located on bustling Sutphin Boulevard, presents a compelling investment opportunity. The building, measuring 20x46 feet, encompasses 2,392 square feet and boasts a fully renovated street-level commercial space currently operating as a successful barber shop. Above the commercial space, the building features two residential units. The first floor apartment includes three bedrooms, while the second floor offers another three-bedroom, one-bathroom unit. This property offers a unique blend of commercial and residential income streams, making it an attractive option for investors seeking a diversified portfolio. The building's location on Sutphin Boulevard ensures high visibility and accessibility, contributing to its strong rental potential. While specific rental income figures are not currently available, the property is projected to yield a 6.5% capitalization rate, indicating a strong return on investment. This is a rare chance to acquire a well-maintained, income-producing property in a vibrant and growing area. The property's size and layout offer flexibility for future expansion or modification, allowing for further value appreciation. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $395,469

  6.5%

  $365,048

  7%

  $338,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $312,539

  Geo Method

  $312,539

• Alternative Use

  Use

  Valuation

  Residential

  $452,660

  Hospitality

  $414,634

  Educational

  $344,971

  Medical

  $356,835

  Retail

  $536,621

Location Insight

City

Jamaica

County

Queens

State

New York

Latitude

40.6762

Longitude

-73.7908

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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