86-20 57th Road
Elmhurst, NY, 11373 $ 1,799,000
Baths0.0 Sq 4,840 Monthly Estimate*
$ 11,223
Studio for $1,799,000. This 4,840 square foot home was built in 1986 on a lot size of 0.049174.
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!!!)
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FeaturesInteriorInterior Amenities Storage Washer/Dryer Hookup
Basement Full
Basement Features Full
Basement (Y/N) Y
Total Bedrooms 0
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GeneralSewer Public Sewer
Cooling Multi Units
Utilities Electricity Connected
Construction Materials Brick
Year Built 1986
Property Subtype Quadruplex
Tax Year 2025
County Queens
Property Type Residential Income
Garage Y/N N
Full Baths 0
City New York
Senior Community Y/N N
High School District Queens24
Number Of Units Total 4
Carport Y/N N
Property Attached Y/N Y
Tax Annual Amount 30618
Showing Instructions Call for Appointment
Building Area Units Square Feet
Standard Status Active
Tax Lot 113
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ExteriorWater Source Other
Total Parking 6
Parking Spaces 6
Building Area Total 4840
Waterfront Y/N N
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $11,223
- Monthly Property Taxes
- $2,552
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Elmhurst, NY
Average List Price $1,619,261
Percent of Sale Price 10%
About Elmhurst, NY 104,045 Population
4% Since 2002
$ 48,663 Median Income
38.84 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4892587 Elementary School
4892047 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/3/2025 | $1,799,000 | -7.74% | Price Down |
| 3/27/2025 | $1,950,000 | | Listed Price |