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

Home/Completed, Investment Sales, Past Transactions/116-31 Sutphin Boulevard, Jamaica NY | Retail Tax Payer | $1,175,000

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


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.

  • 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

Additional Information

Asset Type

Mixed-Use, Retail






$ 1,175,000

Building Size


Cap Rate







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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