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$1,350,000
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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.
Full Property Details
Full Property Details for 116-43 Sutphin Blvd
General
- Price: $1,350,000
- Taxes: $5,490
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 966074
- Updated: 4/15/2026
- Added to Site: 60 day(s) ago
Parking
- Parking Features: None
Location
- County: Queens
- Cross Streets: 116 Drive
- Driving Directions: Google Maps
Heating & Cooling
- Cooling Type: Ductless
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Private
- Utility Description: Cable Available, Electricity Available, Natural Gas Available
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Building Size: 2600
- Square Feet: 2,600
- Year Built: 1930
Lot Features
- Lot Size (Sq. Ft.): 1,807
- Zoning: R5D C23
Financial Considerations
- Tax Amount: $5,490
Disclosures and Reports
- Special Conditions: None
- Property ID: 12202-0101
- Block: 12202
- Lot Number: 101
Listed by Century 21 Monticello Realty
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Schools
Schools serving 116-43 Sutphin Blvd
School District:New York City Geographic School District 27
| Name | Grades | Distance |
|---|---|---|
Ps 123 145-01 119th Ave, Queens, NY 11436 | K-5 | 0.3 mi |
Hawtree Creek Middle School 121-10 Rockaway Blvd, Queens, NY 11420 | 6-8 | 1.3 mi |
Jhs 226 Virgil I Grisson 121-10 Rockaway Blvd, Queens, NY 11420 | 6-8 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116-43 Sutphin Blvd
Date
Details
Price
Change
Source
3/01/2026
Listed
$1,350,000
37.06%
MLS
2/07/2025
Sold
$985,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 116-43 Sutphin Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,557
6%
$27,667
-52%
2024
$5,242
6%
$57,300
133%
2023
$4,946
—
$24,624
-49%
2022
$4,966
-2%
$48,420
10%
2021
$5,055
4%
$44,100
14%
2020
$4,880
6%
$38,760
15%
2019
$4,604
7%
$33,720
64%
2018
$4,293
3%
$20,520
1%
2017
$4,154
4%
$20,376
2%
2016
$4,001
6%
$20,016
4%
2015
$3,757
8%
$19,213
6%
2015
$3,472
12%
$18,126
6%
2013
$3,091
—
$17,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 116-43 Sutphin Blvd
116-43 Sutphin Boulevard, Jamaica, NY 11434 (MLS# 966074) is a Commercial property. 116-43 Sutphin Boulevard is currently listed for $1,350,000 and was received on March 01, 2026. Want to learn more about 116-43 Sutphin Boulevard? Do you have questions about finding other Commercial real estate for sale in Jamaica? You can browse all Jamaica real estate or contact a Coldwell Banker agent to request more information.

