NY
Queens
Elmhurst
11373
86-20 57th Road
86-20 57th Road, Elmhurst, NY 11373
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Listing Type
Multi Family
Listing Status
active
21
$1,799,000

Home Details for 86-20 57th Road

Price
$1,799,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1986
County
Queens
Garage
Basement
Full
Days on site
179
MLS Listing#
840149
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!!!)

Property Features
  • 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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EXIT ALL SEASONS REALTY
65-46 Grand Ave, Maspeth, NY 11378
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