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Property Description

This two-story mixed-use property at 106-34 Sutphin Blvd. offers investors and end-users a rare value-add opportunity in the heart of Jamaica’s rapidly transforming commercial corridor. The building features two free-market one-bedroom apartments on the second floor and 929 sq. ft. of ground-floor retail space with a matching 929 sq. ft. full basement, delivered vacant at closing, ideal for an owner-operator seeking visibility on a high-traffic block. Zoned R5D/C2-4 and located within the newly approved Jamaica Redevelopment Zoning Program. This property benefits from significant future upside, including the potential to convert the retail space into two additional one-bedroom units, and to build up additional square footage for more free-market apartments. With modest annual operating expenses, Real Estate Taxes: $4,948, Water/Sewer: $1,300, Heat/Gas: $4,200, Electric: $4,300, this asset provides an attractive entry point for long-term growth. Offered at $989,000, this property is perfectly positioned for buyers seeking both immediate utility and substantial redevelopment potential in one of Queens’ most active growth zones.

Features
Heating System:
Other, Hot Water
Cooling System:
No
Basement:
Full, Unfinished
Interior Features:
Other
Parking Features:
On Street, Open
Sewer:
Public Sewer
Utilities:
Natural Gas Available
Address Map
City:
NY
State:
NY
County:
Queens
Property and Construction
Development Status:
Brick
Elementary School:
Ps 50 Talfourd Lawn Elementary Sch
High School:
York Early College Academy
Agent MlsId:
500438
Office MlsId:
PRP01
MiddleOrJunior School:
Jhs 8 Richard S Grossley
Number Of Units:
3
Special Listing Conditions:
No
Tax Annual Amount:
$4,948
Water Source:
Public
PhotosCount:
27

Residential Income For Sale

106-34 Sutphin Boulevard, New York, NY

2 Bedrooms
4 Bathrooms
$989,000
Listing ID #951498
Basic Details
Property Type :
Residential Income
Property SubType :
Duplex
Listing ID :
951498
Price :
$989,000
Bedrooms :
2
Bathrooms :
4
Bathrooms Total :
4
Building Area :
1,858 Sqft
Year Built :
1920
Status :
Active
Status :
Active
Listing Office :
Property Professionals Realty
Listing Agent :
Judith R. Cajal
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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