116-31 Sutphin Boulevard, Jamaica NY | Retail Tax Payer | $1,175,000

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116-31 Sutphin Boulevard, Jamaica NY | Retail Tax Payer | $1,175,000

$1,175,000.00

  • AssetCRG represented both the buyer and the seller
  • Sold For: $ 1,175,000
  • Asset Type: Mixed-Use Property
  • Square Footage: 3,430 SF with separate basements for each unit
  • CAP: 5%
  • PPSF: $ 350

Details

Asset Commercial Realty Group has been exclusively retained to market 116-23 Sutphin Boulevard, Jamaica, NY.

The building spans a total of 3,430 SF on a 4,462 SF lot with additional air rights. The property was built in 2004 and every store has it’s own basement space. The stores are separately metered and have 3% annual increases. The laundromat has a 5 year option and property benefits from ICIP Tax Abatement expiring in 12 years. Down the block from the Q6 bus stop and near numerous commercial retailers such as BP Gas Station, Dunkin’ Donuts, McDonald’s and more.

Additional Information

Asset Type

Mixed-Use, Retail

City

Queens

Neighborhood

Jamaica

Price

$ 1,175,000

Building Size

3,430

Cap Rate

5%

 

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Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

Contact Info

215-15 Northern Boulevard,
3rd Floor
Bayside, NY 11361

Phone: 646.586.2091

Fax: 646.767.6790

Web: www.assetcrg.com