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96-12 31st Avenue

E. Elmhurst, NY 11369
  • $1,399,000
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 3400739
UPDATED: 85 min ago
$1,399,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Semi-detached all brick 3 unit mixed use building in prime area of East Elmhurst, Queens. Building is approximately 19' x 64' on a 19.33 x 100 lot with R4-1 zoning. Second floor features two 2 bedroom apartments currently collecting $1,650/mo and $1,690/mo. Tenants are in good standing and pay on time every month. First floor features a newly renovated 1,200+ sq ft bar & restaurant with access to basement and access to backyard. Most recent lease reflects monthly rent of $6,320/mo. Lease has expired, will be delivered vacant. Projected Gross Operating Income: $115,920/yr or $9,660/mo. Projected Expenses: $16,148/yr (Taxes: $6,848 / Insurance: $3,300 / Heat: $3,600/yr / Water: $2,400/yr). Projected NOI: $99,772/yr. High cap rate with plenty of upside potential, in a high traffic area of East Elmhurst. Easy access to all units for private viewings.

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© 2022 OneKey MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Goldstar Premier Properties. Data last updated: 2022-06-26T00:17:28.787.
www.goldstarpremier.com/homes/128860286
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96-12 31st Avenue E. Elmhurst, NY 11369

  • Price: $1,399,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 85 min ago
  • MLS #: 3400739
0
Beds
0
Baths
0
½ Baths
0.04
Acres
Neighborhood:
Queens
County:
Queens
Area:
Queens
Property Description
Semi-detached all brick 3 unit mixed use building in prime area of East Elmhurst, Queens. Building is approximately 19' x 64' on a 19.33 x 100 lot with R4-1 zoning. Second floor features two 2 bedroom apartments currently collecting $1,650/mo and $1,690/mo. Tenants are in good standing and pay on time every month. First floor features a newly renovated 1,200+ sq ft bar & restaurant with access to basement and access to backyard. Most recent lease reflects monthly rent of $6,320/mo. Lease has expired, will be delivered vacant. Projected Gross Operating Income: $115,920/yr or $9,660/mo. Projected Expenses: $16,148/yr (Taxes: $6,848 / Insurance: $3,300 / Heat: $3,600/yr / Water: $2,400/yr). Projected NOI: $99,772/yr. High cap rate with plenty of upside potential, in a high traffic area of East Elmhurst. Easy access to all units for private viewings.
Exterior Features

Building Size 19 X 64 Parking Total 0.00

Property Features

Business Type RestaurantMixed Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 6848.00 Tax Block 1408 Zoning Description R4-1

Listing courtesy of George Herrera of Keller Williams Landmark II.
© 2022 OneKey MLS. All rights reserved.


© 2022 OneKey MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Goldstar Premier Properties. Data last updated: 2022-06-26T00:17:28.787.
 
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