Price Reduction
Address
42-20+22 82nd Street, Elmhurst, NY
Price
$ 2,888,000
Property Attributes
- MLS#3544942
- TypeCommercial
- CountyQUEENS
- CityElmhurst
- Zip11373
- Style
- Year Built1928
- Taxes$ 49377
- Price$ 2,888,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5000
- Lot Size4,792 SqFt
Data Source:
OneKey® MLS
Property Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 12 Family Building Package For Sale!!! The Buildings Feature Excellent Signage, Great Exposure, Strong R7A Zoning, High 10' Ceilings, Security System, Yard, Fenced Lot, 6 Parking Spaces, 200 Amp Power, All New LED Lighting, A/C In Every Unit, +++!!! The Property Is Located In The Heart Of Elmhurst Just Off Broadway Only Minutes From Queens Center!!! Neighbors Include Apple, TD Bank, Adidas, Costco, Target, 7-Eleven, Dunkin', Walgreens, Planet fitness, Cold Stone Creamery, Raymour & Flanigan, Mattress Firm, Macy's, Shack Shack, Dollar Tree, Liberty Tax, McDonald's, White Castle, Subway, +++!!! As Per The Seller Each Building Has An Additional 5,000 Sqft. Of Air Rights!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Make A Nice Addition To Your Portfolio!!! Income: 42-20 82nd St.: Unit 1A: $18,581.88 Ann. Lease Exp.: 10/31/24 . Unit 1B: $20,582.76 Ann. Lease Exp.: 10/31/24. Unit 2A: $24,084.96 Ann. Lease Exp.: 10/31/25. Unit 2B: $22,520.40 Ann. Lease Exp.: 10/31/25. Unit 3A: $21,041.40 Ann. Lease Exp.: 3/31/25. Unit 3B: $21,199.20 Ann. Lease Exp.: 10/31/24. 42-22 82nd St.: Unit 1A: $11,521.32 Ann. Lease Exp.: 12/31/24. Unit 1B: $14,265.36 Ann. Lease Exp.: 10/31/25. Unit 2A: $27,121.56 Ann. Lease Exp.: 12/31/24. Unit 2B: $27,000 Ann. Unit 3A: $19,966.68 Ann. Lease Exp.: 10/31/24. Unit 3B: $25,800 Ann. Lease Exp.: 4/30/24. Total Rental Income: $253,685.52 Ann. Expenses: Heating: $29,987 Ann. Insurance: $12,713.88 Ann. Water & Sewer: $14,583.18 Ann. Taxes: $49,376.98 Ann. Total Expenses: $106,661.04 Ann. Gross Income: $253,685.52 Ann. Net Operating Income (NOI): $147,024.48 Ann. , or
| Price History | |
|---|---|
| 4/16/2024 | Listed $3,350,000 |
| 5/10/2024 | 14% - $2,888,000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 11373
Price
Taxes
Visits
Year Built
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