81-38 Baxter Avenue
Elmhurst, NY, 11373 $ 2,150,000
Bedrooms-- Baths-- Sq 4,032 Monthly Estimate*
$ 13,238
for $2,150,000. This 4,032 square foot building was built in 1917 on a lot size of 0.045615.
Calling All Investors, Developers, & End-Users!!! 8.86 Cap 7 Unit 4,000+ Sqft. Mixed-Use Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R7B/C1-3 Zoning, High 8’ Ceilings, 2 Stores, (5) 1 Br. Apartments, Basement, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmhurst 1 Block From Roosevelt Ave. & Just Minutes From Both I-278 & Queens Blvd.!!! The Property Has 20’ Of Frontage On Baxter Avenue!!! Neighbors Include Starbucks, Nissan, Mazda, TD Bank, Bolla Fuels, Shake Shack, PureGym, CVS, Dunkin, McDonald’s, Chick-fil-A, Wendy’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Jeweler: $54,000 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Been Here 20+ Years So Far. Hair Salon: $42,000 Ann.; 3 Year Lease. Apt. A (1 Br.): $24,000 Ann. Apt. B (1 Br.): $24,000 Ann. Apt. C (1 Br.): $24,000 Ann. Apt. D (1 Br.): $24,000 Ann. Apt. E (1 Br.): $24,000 Ann. Tax Rebate (Paid By The Store): $18,500 Ann. Gross Income: $234,500 Ann. Expenses: Gas: $0 Ann. Electric: $720 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $2,000 Ann Insurance: $3,423 Ann. Taxes: $37,676.20 Ann. Total Expenses: $44,069.20 Ann. Net Operating Income (NOI): $190,430.80 Ann. (8.86 Cap!!!)
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Cooling None
Utilities Natural Gas Available
Zoning R7BC1-3
Construction Materials Frame
Year Built 1917
Stories Count 1
Property Subtype Multi Family
Tax Year 2025
Parcel Number 01506-0007
County Queens
Property Type Commercial Sale
City New York
Number Of Units Total 7
Property Attached Y/N Y
Tax Annual Amount 37676
Building Area Units Square Feet
Standard Status Active
Tax Lot 7
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ExteriorParking Features On Street On Street
Water Source Public
Total Parking 6
Parking Spaces 6
Building Area Total 4032
Waterfront Y/N N
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InteriorTotal Stories 3
Basement (Y/N) N
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,238
- Monthly Property Taxes
- $3,140
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 NearbyCommerical listings in Elmhurst, NY
Average List Price $1,531,909
Percent of Sale Price 29%
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.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/20/2026 | $2,150,000 | | Listed Price |