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$1,350,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 966074
Rental Info No
Year Built 1930
Annual Tax Amount $5,490
Property Sub-Type Multi Family
Source onekey2
Property Description
This investment offers a strong opportunity to acquire a fully renovated, income-producing mixed-use property in one of Queens' most active and well-connected neighborhoods. This turnkey investment includes **one street-level storefront** and **three spacious updated 2-bedroom apartments**, with **all units currently rented**, providing immediate cash flow from day one. The property has been improved with a **fully renovated storefront**, a **fully renovated store interior**, a **new security gate**, **new HVAC**, and additional building upgrades that enhance both appearance and overall functionality. For investors seeking a property that does not require major post-closing work, this asset stands out as a clean, stabilized opportunity with income already in place.
The residential portion of the building adds to its appeal through a practical and desirable unit mix. The **three 2-bedroom apartments** offer layouts that continue to attract steady renter interest from families, couples, roommates, and tenants needing extra living or work-from-home space. Updated apartments in Jamaica benefit from strong demand because the neighborhood offers a combination of convenience, accessibility, and everyday value. Since the units are already renovated and occupied, a new owner can avoid the cost and uncertainty of vacancy, renovation, and lease-up. That creates a more stable investment profile and allows the property to begin performing immediately.
The commercial component strengthens the value of the asset by adding diversified income through a visible retail space on **Sutphin Boulevard**, a corridor known for consistent activity and neighborhood commerce. A well-positioned storefront in a high-traffic area can support long-term tenant appeal, and the fact that both the storefront and interior have been fully renovated makes the space even more attractive. The commercial presence adds balance to the building by combining residential stability with retail exposure, a key advantage of mixed-use ownership in a busy urban market.
Recent capital improvements also help reduce near-term maintenance concerns. The **new security gate** adds functionality and curb appeal, while the **new HVAC** system supports efficient and modern operation. These upgrades, together with the broader renovations throughout the building, reinforce the property's turnkey character. Rather than taking on an underperforming asset with deferred maintenance, the next owner steps into a property that has already been substantially improved and positioned for dependable performance.
Location is one of the property's strongest features. Situated in the heart of Jamaica, the building benefits from excellent access to transportation, shopping, services, and major roadways. It is close to the **E, J, and Z subway lines** at the **Sutphin Blvd–Archer Av–JFK Airport/Jamaica Center area**, as well as the **LIRR at Jamaica Station**, one of Queens' most important transit hubs. The area is also served by numerous bus routes, including the **Q6, Q8, Q9, Q24, Q25, Q30, Q31, Q32, Q34, Q40, Q41, Q42, Q43, Q44 SBS, Q54, Q56, Q60, Q65, and Q83**, making the property highly accessible for both residents and customers. Strong transportation infrastructure supports tenant demand and adds long-term value for mixed-use assets in this part of Queens.
This property is especially appealing for investors who want a stabilized building with both retail and residential cash flow in a neighborhood defined by daily activity and practical convenience. The combination of **one fully renovated storefront**, **three updated 2-bedroom apartments**, **full occupancy**, and major recent upgrades makes this a compelling mixed-use investment. With its strong location, existing income, and move-in-ready condition, this property represents an attractive opportunity to own a well-improved property in a high-demand Queens corridor.
The residential portion of the building adds to its appeal through a practical and desirable unit mix. The **three 2-bedroom apartments** offer layouts that continue to attract steady renter interest from families, couples, roommates, and tenants needing extra living or work-from-home space. Updated apartments in Jamaica benefit from strong demand because the neighborhood offers a combination of convenience, accessibility, and everyday value. Since the units are already renovated and occupied, a new owner can avoid the cost and uncertainty of vacancy, renovation, and lease-up. That creates a more stable investment profile and allows the property to begin performing immediately.
The commercial component strengthens the value of the asset by adding diversified income through a visible retail space on **Sutphin Boulevard**, a corridor known for consistent activity and neighborhood commerce. A well-positioned storefront in a high-traffic area can support long-term tenant appeal, and the fact that both the storefront and interior have been fully renovated makes the space even more attractive. The commercial presence adds balance to the building by combining residential stability with retail exposure, a key advantage of mixed-use ownership in a busy urban market.
Recent capital improvements also help reduce near-term maintenance concerns. The **new security gate** adds functionality and curb appeal, while the **new HVAC** system supports efficient and modern operation. These upgrades, together with the broader renovations throughout the building, reinforce the property's turnkey character. Rather than taking on an underperforming asset with deferred maintenance, the next owner steps into a property that has already been substantially improved and positioned for dependable performance.
Location is one of the property's strongest features. Situated in the heart of Jamaica, the building benefits from excellent access to transportation, shopping, services, and major roadways. It is close to the **E, J, and Z subway lines** at the **Sutphin Blvd–Archer Av–JFK Airport/Jamaica Center area**, as well as the **LIRR at Jamaica Station**, one of Queens' most important transit hubs. The area is also served by numerous bus routes, including the **Q6, Q8, Q9, Q24, Q25, Q30, Q31, Q32, Q34, Q40, Q41, Q42, Q43, Q44 SBS, Q54, Q56, Q60, Q65, and Q83**, making the property highly accessible for both residents and customers. Strong transportation infrastructure supports tenant demand and adds long-term value for mixed-use assets in this part of Queens.
This property is especially appealing for investors who want a stabilized building with both retail and residential cash flow in a neighborhood defined by daily activity and practical convenience. The combination of **one fully renovated storefront**, **three updated 2-bedroom apartments**, **full occupancy**, and major recent upgrades makes this a compelling mixed-use investment. With its strong location, existing income, and move-in-ready condition, this property represents an attractive opportunity to own a well-improved property in a high-demand Queens corridor.
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Ductless
Fireplace No
Exterior
Parking Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available
Building
Sewer Public Sewer
Water Private
Structure Type Brick
Others
Special Listing Condition None
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Listed by Century 21 Monticello Realty • Maria G. Ramirez
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Christine Sardinha
Broker Associate | License ID: 10301202073
Broker Associate License ID: 10301202073