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$1,789,000
1046355 MLS
Excellent investment opportunity in Elmhurst, Queens. This 5-unit multifamily property offers approximately 3,630 SF of building area on a 2,200 SF lot and features a highly desirable unit mix with strong income and additional upside potential. The property consists of a front studio and rear one-bedroom apartment on the first floor, one spacious four-bedroom/two-bathroom apartment occupying the second floor, and two one-bedroom/one-bathroom apartments on the third floor. Current monthly rental income totals approximately $11,568, representing approximately $138,816 in annual scheduled rental income. Based on projected market rents, the property offers meaningful potential for future income growth. Current rents are: Studio $1,620/month; 1BR $2,150/month; 4BR/2BA $3,898/month; 1BR/1BA $2,300/month; and 1BR/1BA $1,600/month. Additional property features include a private garage and driveway, rear yard, and multiple balconies. The second-floor apartment features front and rear balconies, while the third-floor apartments have access to front and rear balconies respectively. Convenient Elmhurst location with excellent access to transportation, shopping, restaurants, and major Queens thoroughfares. The property is located near the Woodhaven Boulevard/Queens Boulevard subway station with access to the M and R trains. Offered at $1,789,000, this property presents an opportunity for investors seeking an income-producing multifamily asset in a high-demand Queens location. Based on projected market rents of approximately $180,600 annually and estimated operating expenses, the property may offer a potential pro forma cap rate of approximately 7% at the asking price. Projections are provided for investment analysis purposes only and are not a representation or guarantee of future income or expenses. Property information, legal use, zoning, unit configuration, rent regulatory status, income, expenses, square footage, and all other information should be independently verified by the purchaser and purchaser's representatives. Do not disturb tenants. Showings by confirmed appointment only.

86-20 57th Road, Elmhurst

$1,897,000
1025516 MLS
Exceptional mixed-use investment opportunity just a few blocks from bustling Roosevelt Avenue in the heart of Elmhurst. This solid brick property offers the perfect combination of flexibility, income potential, and long-term value for both owner-users and investors. The property features a first-floor medical office, a second-floor office that will be delivered vacant, and a third-floor 3-bedroom apartment that can be delivered vacant, providing exceptional flexibility for an owner-user or investor looking to occupy or lease the available spaces. The property also includes two front parking spaces, a valuable convenience for businesses, clients, and tenants alike. Surrounded by restaurants, shopping, medical offices, and everyday conveniences, this property enjoys outstanding visibility and is conveniently located near the 7 train and Q32 & Q29 bus lines, making it an ideal location for businesses, tenants, and future occupants alike. Estimated market rents: first-floor medical office $5,000/month, second-floor office $4,000/month, and third-floor apartment $3,500/month (approximately $150,000 annual gross potential). Actual Yearly Expenses: $52,872. Whether you’re looking to invest or occupy, this versatile mixed-use property offers outstanding flexibility and long-term value.

4010 Forley Street, Elmhurst

$1,799,000
1001556 MLS
Prime Elmhurst Income-Producing Building – Built in 2004, this solid brick mix-use ,3-family plus street-level store/office offering a modern, move-in-ready investment. The first floor features a 3-bedroom, 2-bath community facility space, perfect for a medical office, daycare, or similar use. The 2nd to 4th floors each offer spacious 3-bedroom, 2-bath apartments with bright living rooms and private balconies. A full finished basement with a separate entrance from the first floor provides additional flexibility. The property is outfitted with 3 boilers, 5 electric meters, and 3 gas meters. Ideally located near the 7 train (90 St/Elmhurst Ave), E/F/M/R trains, and Queens Center Mall, with shops, dining, and amenities just steps away.

8543 Britton Avenue, Elmhurst

$1,799,000
12 Beds 9 Baths 995004 MLS
Prime Elmhurst Income-Producing Building – Built in 2004, this solid brick 3-family plus street-level store/office offering a modern, move-in-ready investment. The first floor features a 3-bedroom, 2-bath community facility space, perfect for a medical office, daycare, or similar use. The 2nd to 4th floors each offer spacious 3-bedroom, 2-bath apartments with bright living rooms and private balconies. A full finished basement with a separate entrance from the first floor provides additional flexibility. The property is outfitted with 3 boilers, 5 electric meters, and 3 gas meters. Ideally located near the 7 train (90 St/Elmhurst Ave), E/F/M/R trains, and Queens Center Mall, with shops, dining, and amenities just steps away.

8543 Britton Avenue, Elmhurst

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.