Prime mixed use investment opportunity located on one of Elmhurst s busiest commercial corridors.


Property

Website: https://www.nestseekers.com/5211618
Address:
New York, NY 11373
Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$1,328,000
Annual Taxes:$9,183

Description

Prime mixed-use investment opportunity located on one of Elmhurst’s busiest commercial corridors. The property consists of a ground-floor retail unit currently occupied by a music store and two residential apartments on the second floor (front and rear), each configured with 2 bedrooms and 1 bathroom. A full basement provides additional utility and storage space. The building measures 20 ft x 55 ft on a 20 ft x 57 ft lot, with a total interior area of approximately 3,300 square feet. The property is equipped with two separate electric meters, gas meters, and boilers. Financials: • Current monthly rental income: $6,920 • All units fully leased with stable, paying tenants (delivered occupied) • Annual property tax: $9,183 Location Highlights: • Excellent visibility on Grand Avenue, Elmhurst’s thriving commercial strip • Direct access to Q58 bus service to Flushing Main Street • 9-minute walk to M/R subway lines • Surrounded by supermarkets, restaurants, laundromats, and neighborhood amenities Zoning: R4, C1-3 (mixed-use) Rare opportunity to acquire a fully income-producing mixed-use property in a high-demand Elmhurst location with strong appreciation potential.

Amenities

  • Electricity Available
  • Electricity Connected
  • Natural Gas Available
  • Natural Gas Connected
  • Near Public Transit

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of E Realty International Corp