12214 Sutphin BlvdJamaica, NY 11434

For Sale
$850,000

High-yield, renovated barber shop & apartments.

Overview

Added:
Feb 3
Days on market:
43
This prime Jamaica, NY mixed-use property, located on bustling Sutphin Boulevard, presents a compelling investment opportunity. The building, measuring 20x46 feet, encompasses 2,392 square feet and boasts a fully renovated street-level commercial space currently operating as a successful barber shop. Above the commercial space, the building features two residential units. The first floor apartment includes three bedrooms, while the second floor offers another three-bedroom, one-bathroom unit. This property offers a unique blend of commercial and residential income streams, making it an attractive option for investors seeking a diversified portfolio. The building's location on Sutphin Boulevard ensures high visibility and accessibility, contributing to its strong rental potential. While specific rental income figures are not currently available, the property is projected to yield a 6.5% capitalization rate, indicating a strong return on investment. This is a rare chance to acquire a well-maintained, income-producing property in a vibrant and growing area. The property's size and layout offer flexibility for future expansion or modification, allowing for further value appreciation. Serious inquiries are encouraged.

Property Details for 12214 Sutphin Blvd

Property type
Mixed-use properties, Other mixed-use properties
Square Feet
2,392 SF
Year Built
1925

Location Insight

City
Jamaica
County
Queens
State
New York
Latitude
40.67621
Longitude
-73.79073
12214 Sutphin Blvd, Jamaica, New York

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12214 Sutphin Blvd
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