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86-20 57th Road, Elmhurst, NY 11373
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$1,799,000
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Home Details for 86-20 57th Road
Price
$1,799,000
Type
Multi Family
Year Build
1986
County
Queens
Basement
Full
Tax
$30,618
MLS®️ Listing#
840149
On exitrealty.com
240 days
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!!!)
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- Cooling Information
- Multi Units
- Heating Information
- Natural Gas
- Water Features
- Other
- House Interior
- Storage
- Utilities
- Electricity Connected
- Basement
- Full
Listing Courtesy: All Island Estates Realty Corp - 516-783-5600. Presented by: Richard Matt Shane
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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