East Elmhurst NY Commercial for Sale

ADDITIONAL INFORMATION

Calling All Investors, Developers & End-Users!!! 100% Occupied 12 Family Building Package For Sale!!! The Buildings Feature Excellent Signage, Great Exposure, Strong R7A Zoning, High 10' Ceilings, Security System, Yard, Fenced Lot, 6 Parking Spaces, 200 Amp Power, All New LED Lighting, A/C In Every Unit, +++!!! The Property Is Located In The Heart Of Elmhurst Just Off Broadway Only Minutes From Queens Center!!! Neighbors Include Apple, TD Bank, Adidas, Costco, Target, 7-Eleven, Dunkin', Walgreens, Planet fitness, Cold Stone Creamery, Raymour & Flanigan, Mattress Firm, Macy's, Shack Shack, Dollar Tree, Liberty Tax, McDonald's, White Castle, Subway, +++!!! As Per The Seller Each Building Has An Additional 5,000 Sqft. Of Air Rights!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Make A Nice Addition To Your Portfolio!!! Income: 42-20 82nd St.: Unit 1A: $18,581.88 Ann. Lease Exp.: 10/31/24 . Unit 1B: $20,582.76 Ann. Lease Exp.: 10/31/24. Unit 2A: $24,084.96 Ann. Lease Exp.: 10/31/25. Unit 2B: $22,520.40 Ann. Lease Exp.: 10/31/25. Unit 3A: $21,041.40 Ann. Lease Exp.: 3/31/25. Unit 3B: $21,199.20 Ann. Lease Exp.: 10/31/24. 42-22 82nd St.: Unit 1A: $11,521.32 Ann. Lease Exp.: 12/31/24. Unit 1B: $14,265.36 Ann. Lease Exp.: 10/31/25. Unit 2A: $27,121.56 Ann. Lease Exp.: 12/31/24. Unit 2B: $27,000 Ann. Unit 3A: $19,966.68 Ann. Lease Exp.: 10/31/24. Unit 3B: $25,800 Ann. Lease Exp.: 4/30/24. Total Rental Income: $253,685.52 Ann. Expenses: Heating: $29,987 Ann. Insurance: $12,713.88 Ann. Water & Sewer: $14,583.18 Ann. Taxes: $49,376.98 Ann. Total Expenses: $106,661.04 Ann. Gross Income: $253,685.52 Ann. Net Operating Income (NOI): $147,024.48 Ann. , or

ADDITIONAL INFORMATION

Prime Multi-Family Real Estate Opportunity in East Elmhurst, Queens. Discover a standout investment with this seven-unit multi-family property in this lively neighborhood. The building hosts five 2-bedroom units and two 1-bedroom units, appealing to a wide range of residents. Close to LaGuardia Airport: Exceptionally positioned near LaGuardia Airport, providing the ultimate convenience for those who travel frequently or work in the aviation sector. With its strategic location, this property is a promising asset for investors seeking to leverage the area's accessibility and desirability. It represents a unique opportunity to own a piece of Queens' vibrant community.

ADDITIONAL INFORMATION

GREAT INVESTMENT OPPORTUNITY! Brick Mixed-use building in the heart of East Elmhurst. A spacious storefront + 2 residential units. The store is appx. 1200 SF currently setup as a restaurant/bar business(vacant at closing) with a full finished basement. 2nd floor are two apts. The front is a 2 Bedroom apt and the rear is a 2 Bedroom apt. Very busy location with lots of potentials!

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Location..Location..Location..Busy corner with 4 commercial stores and 4 parking spaces. Each unit has there own heat and ac, Fully rented. See attachment for all details . One of the only high traffic shopping centers in the middle of residential area..very hard to find..Owner will listen to all reasonable offers. Also great for developers