$1,249,000
96-12 31st AVE East Elmhurst, NY 11369
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$1,249,000
Est. payment /mo
1,742 Sqft Lot
Price Dropped by $50K
96-12 31st AVE East Elmhurst, NY 11369
UPDATED:
10/18/2024 06:41 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3579685
Originating Board onekey
Rental Info No
Year Built 1925
Annual Tax Amount $8,026
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 19.33x100
Property Description
All brick mixed use corner property with low taxes and low maintenance costs in East Elmhurst, Queens. Building features a large storefront on first floor (delivered vacant) and 2 two bedroom residential apartments on the second floor. Store is a generous 1216 sq ft with two bathrooms, roughed out commercial kitchen, access to basement and access to backyard. Currently setup as a convenience store (Rent: $6,000/mo VOT). Second floor features a 2 bedroom/1 bath front unit in average condition (Rent: $1,750 MTM) and a 2 bedroom/1 bath rear unit in original condition (Rent: $1,790 MTM). Both residential tenants are in good standing and pay on time every month. Building also features a fully finished basement and is located right on 31st Ave which is a busy thoroughfare in the area. 2 blocks from Northern Blvd, 1 block from Astoria Blvd. Interest rates are coming down, ensure a solid return with this 7.5% cap rate in a prime area of Northwest Queens. Ideal for 1031 exchange, business owner, and/or income investor. Take advantage of this great opportunity!
Location
State NY
County Queens
Zoning R4-1
Interior
Heating Natural Gas, Hot Water
Fireplace No
Building
Story 2
Sewer Public Sewer
Others
Special Listing Condition None
Listed by Keller Williams Landmark II • 347-846-1200
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