106-34 Sutphin Boulevard, Jamaica, NY 11435
- $989,000
- 2
- BD
- 4
- BA
- List Price
- $989,000
- MLS#
- 951498
- Status
- PENDING
- Bedrooms
- 2
- Bathrooms
- 4
- Lot Size
- 1360
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.
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Additional Information
- Year Built
- 1920
- School District
- Queens 28
- Taxes Total
- 4947
- Heating
- Hot Water, Other
- Parking
- On Street, Open
- Basement
- Full, Unfinished
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $4,947
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Listing courtesy of Listing Agent: Judith R. Cajal (jcajal444@gmail.com) from Listing Office: Property Professionals Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.