109-15 Sutphin Boulevard

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109-15 Sutphin Boulevard

Jamaica, NY 11433
Asking Price
$1.79M
Asset Type
Commercial Land
Class
Class B

What's Special

Land | 6,282 SqFt <ul><li>​100% Market-Rate Potential.</li><li>​MTM tenant: The site features an existing month-to-month tenant paying $4,500 per month. The tenant can remain in place if the buyer wishes, providing steady cash flow during the pre-development and planning phases.</li><li>​Premium Corner Footprint: Exceptional visibility, flexible ingress/egress options, and superior light and air advantages with 60 feet of frontage along heavily trafficked Sutphin Boulevard.</li><li>​Immediate Development Timeline

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NOI
$80,000
Cap Rate
4.46%
DSCR
0.75
Underwater
Cash-on-Cash
-4.93%
Monthly Payment
$8,880.681
Annual Cash Flow
$-26,568.167

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