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106-34 Sutphin Boulevard Jamaica, NY 11435
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Key Details
Sold Price $920,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 951498
Bedrooms 2
Full Baths 4
Year Built 1920
Annual Tax Amount $4,947
Property Sub-Type Duplex
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.
Location
State NY
County Queens
Interior
Heating Hot Water, Other
Cooling None
Exterior
Parking Features On Street, Open
Utilities Available Natural Gas Available
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 50 Talfourd Lawn Elementary Sch
Middle Schools Jhs 8 Richard S Grossley
High Schools Queens 28
School District Queens 28
Others
Special Listing Condition None
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Bought with Property Professionals Realty

