Elmhurst, NY 11373,86-20 57th RD
Elmhurst, NY 11373,86-20 57th RD
Elmhurst, NY 11373,86-20 57th RD
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$1,799,000
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY831434

Rental Info No

Year Built 1986

Annual Tax Amount $30,618

Property Sub-Type Multi Family

Source onekey2

Property Description

Calling All Investors, Developers, & End-Users!!! 5 Unit Free Market Apartment Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R5 Zoning, High 8' Ceilings, Full Basement, Private Driveway & Garage, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Elmhurst 2 Blocks Off Queens Blvd. Near The I-495 Woodhaven Blvd. Exit!!! The Property Is Situated Minutes From Queens Center & Rego Center!!! Neighbors Include Apple, Starbucks, Verizon, USPS, Target, Victoria's Secret, Walgreens, Adidas, Marshalls, Shake Shack, Burlington, White Castle, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!



Income:



1st Floor



Studio: $18,000 Ann.; M-M.



1 Br. Apt.: $24,000 Ann.; M-M.



2nd Floor



3 Br., 2 Bath Apt.: $54,000 Ann. (Available)



3rd Floor



Front (1 Br. Apt.): $22,800 Ann.; M-M.



Rear (1 Br. Apt.): $21,000 Ann.; M-M.



LL Unit.(1 Br. Apt.): $19,200 Ann.; M-M.



Garage: $8,500 Ann. (Available)



Pro Forma Gross Income: $167,500 Ann.



Expenses:



Gas: $3,200 Ann.



Electric: $1,400 Ann.



Maintenance & Repairs: $250 Ann.



Water & Sewer: $2,800 Ann



Insurance: $3,263 Ann.

Taxes: $30,618 Ann.

Total Expenses: $41,531 Ann.

Net Operating Income (NOI): $125,969 Ann. (Pro Forma 6.46 Cap!!!)

Location

State NY

County Queens

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Multi Units

Fireplace No

Exterior

Utilities Available See Remarks

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Others

Special Listing Condition None


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Listed by All Island Estates Realty Corp
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The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

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86-20 57th RD