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Active
8625 59th AVE Elmhurst, NY 11373
3,998 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1008456
Rental Info No
Year Built 1925
Annual Tax Amount $16,437
Lot Size 3,998 Sqft
Acres 0.0918
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 5 Unit Free Market Apartment Building In Flushing For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, (1) 5 Br. Apartment, (1) 3 Br. Apartment, (2) 2 Br. Apartments, (1) 1 Br. Apartment, Basement, Rear Yard, Private 2 Car Garage, Private Driveway, 6 Parking Spaces, High 8' Ceilings, 200 Amp Power, Updated Electrical Wires & Panels, New Boiler Installed In 2023, A/C, +++!!! The Property Is Located In The Heart Of Elmhurst Right Near The Queens Center Mall!!! The Property Is Situated Between I-495 (L.I.E.), Woodhaven Blvd., & Queens Blvd.!!! Neighbors Include Citibank, Bank of America, T-Mobile, Costco, Target, Macy's, Retro Fitness, Applebee's Bar & Grill, The Cheesecake Factory, Shake Shack, Olive Garden, Popeye's Louisiana Kitchen, Quest Diagnostics, Walgreens, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
LL (3 Br. Apt.): $30,000 Ann.; M-M.
1st Fl. (5 Br. Apt.): $48,000 Ann.; M-M.
2nd Fl. (Front 1 Br. Apt. ): $14,700 Ann.; M-M.
2nd Fl. (Rear 2 Br. Apt.): $29,160 Ann.; M-M.
3rd Fl. (2 Br. Apt.): $27,000 Ann.; M-M.
2 Car Garage: $2,400 Ann.
1 Car Parking: $1,800 Ann.
1 Car Parking: $1,800 Ann.
1 Car Parking: $1,200 Ann.
Gross Income: $156,060. Ann.
Expenses:
Oil: $8,000. Ann.
Electric: $2,070. Ann. (Hallway & Boiler Only)
Water & Sewer: $2,543 Ann.
Insurance: $3,568 Ann.
Snow & Landscaping: $0 Ann.
Maintenance: $2,500 Ann.
Taxes: $17,746 Ann.
Total Expenses: $36,427 Ann.
Net Operating Income (NOI): $119,633 Ann.
Income:
LL (3 Br. Apt.): $30,000 Ann.; M-M.
1st Fl. (5 Br. Apt.): $48,000 Ann.; M-M.
2nd Fl. (Front 1 Br. Apt. ): $14,700 Ann.; M-M.
2nd Fl. (Rear 2 Br. Apt.): $29,160 Ann.; M-M.
3rd Fl. (2 Br. Apt.): $27,000 Ann.; M-M.
2 Car Garage: $2,400 Ann.
1 Car Parking: $1,800 Ann.
1 Car Parking: $1,800 Ann.
1 Car Parking: $1,200 Ann.
Gross Income: $156,060. Ann.
Expenses:
Oil: $8,000. Ann.
Electric: $2,070. Ann. (Hallway & Boiler Only)
Water & Sewer: $2,543 Ann.
Insurance: $3,568 Ann.
Snow & Landscaping: $0 Ann.
Maintenance: $2,500 Ann.
Taxes: $17,746 Ann.
Total Expenses: $36,427 Ann.
Net Operating Income (NOI): $119,633 Ann.
Location
State NY
County Queens
Rooms
Basement None
Interior
Heating Oil
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
Building
Sewer Other
Water Public
Structure Type Brick,Frame
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition Probate Listing
Listed by All Island Estates Realty Corp • Richard Matt Shane