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.
- 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
