New Listing - 03/27/2025 Price Reduced 7.74%
Price History
$1,950,000
3/27/2025
$1,799,000
4/3/2025
86-20 57th Road, New York, (Elmhurst), NY, 11373
0 beds
1986
Quadruplex
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!!!)
Status:
Active
Town:
New York
Type:
Single-family residential
Units:
4
Heating:
Natural Gas
Cooling:
Multi Units
Basement:
Full
Parking:
6-car
Est. Taxes:
$30,618
Construction
Brick, Frame
Utilities
Electricity Connected
School District:
Queens24
Days on Market:
7
MLS #:
840149
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of All Island Estates Realty Corp 516-783-5600