Prevu by reAlpha
BuySellBlogBrowse Listings

121-19 Sutphin BoulevardJamaica, NY 11434

For Sale

$1,290,000

Smart Buyer Rebate $16,125

Exceptional Mixed-Use Investment Opportunity in the Heart of Queens

One of the best-priced renovated mixed-use investment properties currently available in Queens. A rare opportunity to acquire a vacant, income-producing asset with exceptional cash flow potential.

Don't miss this rare opportunity to acquire a renovated, vacant 3,800 SF mixed-use building in a prime Sutphin Blvd location. Featuring (4) renovated units with a total of 7 bedrooms and 4 bathrooms, this turnkey property offers immediate income potential for investors or owner-users alike.

The building includes one commercial storefront with excellent visibility on Sutphin Blvd and three renovated residential apartments, all delivered vacant, allowing the new owner to lease at current market rents from day one. Additional highlights include 12-foot ceilings a large finished basement, and strong upside in one of Queens' most active commercial corridors.

Based on estimated market rents, the property offers projected gross annual income exceeding $160,000, representing an estimated ~12% capitalization rate at full occupancy.

Property Features:

* Approximately 3,800 SF
* (4) Renovated Units
* 7 Bedrooms | 4 Bathrooms
* Prime Mixed-Use Building
* 12-Foot Ceilings
* Large Basement
* Vacant
* Strong Investment or Owner-User Opportunity

Unit Mix:

* Unit #1 – Retail Storefront
* Unit #2 – Three-Bedroom Apartment
* Unit #3 – Two-Bedroom Apartment
* Unit #4 – Two-Bedroom Apartment

**Seller financing may be available to qualified purchasers with a substantial down payment.**
**Buyer's responsibility to verify all information.**

Listed by Eric Santiago

·

Voro LLC

·

631-609-5161

Last updated September 09, 2026

·

Source: OneKey #1034363

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Jamaica
  • Bedrooms7
  • Bathrooms4
  • Days on Prevu43
  • Taxes$12,084/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

08/12/2026
Price Increased
$1,290,000
08/03/2026
Listed by Voro LLC
$1,100,000
  1. 08/12/2026$1,290,000
    Price Increased
  2. 08/03/2026$1,100,000
    Listed by Voro LLC

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$12,900
Title Insurance
$5,805
Bank Attorney
$1,500
Mortgage Recording Tax
$19,866
Other Closing Costs
$4,000
Total
$48,071

Estimated closing costs are based on the list price of $1,290,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 121-19 Sutphin Boulevard

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Property Condition: Updated/Remodeled
  • Year Built: 1931
  • Construction Materials: Brick

Measurements

  • Building Area Total: 3,760
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.04
  • Lot Size Square Feet: 2,050

Financial

Residential Income

  • Cap Rate: 11412.0
  • Gross Income: $165,972.00

Taxes

  • Parcel Number: 12216-0001
  • Tax Annual Amount: $12,084.00
  • Tax Assessed Value: $322,650.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: High Ceilings, Other

Rooms

  • Basement: Full, Storage Space
  • Has Basement: Yes
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 7

Parking

Parking

  • Carport Spaces: 1
  • Carport: Yes
  • Parking Features: Alley Access

Schools

Elementary School

  • Elementary School: Ps 110
  • Elementary School District: Queens 24

High School

  • High School: John Bowne High School
  • High School District: Queens 25

Middle or Junior School

  • Middle Or Junior School: Jhs 216 George J Ryan
  • Middle Or Junior School District: Queens 26

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Other
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 7 bedrooms and 4 bathrooms in this multi-family home at 121-19 Sutphin Boulevard.

What schools are nearby to 121-19 Sutphin Boulevard?

Nearby schools include the Ps 110 Elementary School, Jhs 216 George J Ryan Middle School, and John Bowne High School.

What are the annual taxes for 121-19 Sutphin Boulevard?

Annual taxes for this multi-family home are estimated at $12,084.

How does 121-19 Sutphin Boulevard compare to other multi-family homes in South Jamaica?

This multi-family home is listed 14% above the average price for multi-family homes in South Jamaica and has been on the market for 39 less days than the typical home in this area.

121-19 Sutphin Boulevard is a 7-bedroom, 4-bath multi-family home for sale in Jamaica NY 11434. Available on Prevu for 43 days at $1,290,000. This includes a recent price increase of $190,000. This home is located in South Jamaica. The median listing price for multi-family homes in this area is $799,500. Nearby schools include Ps 110 Elementary School, Jhs 216 George J Ryan Middle School, and John Bowne High School. The home offers parking. Explore more multi-family home listings in Queens.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.