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 p

Property Features