8625 59th Avenue Elmhurst, NY $ 2,500,000
8625 59th Avenue
$ 2,500,000
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8625 59th Avenue

Elmhurst, NY, 11373
$ 2,500,000
Bedrooms-- Baths-- Sq 4,650

Monthly Estimate*

$ 15,393

8625 59th Avenue, Elmhurst, NY 11373 - Image 1
8625 59th Avenue, Elmhurst, NY 11373 - Image 2
8625 59th Avenue, Elmhurst, NY 11373 - Image 3
8625 59th Avenue, Elmhurst, NY 11373 - Image 4
8625 59th Avenue, Elmhurst, NY 11373 - Image 5
8625 59th Avenue, Elmhurst, NY 11373 - Image 6
8625 59th Avenue, Elmhurst, NY 11373 - Image 7
8625 59th Avenue, Elmhurst, NY 11373 - Image 8
8625 59th Avenue, Elmhurst, NY 11373 - Image 9
8625 59th Avenue, Elmhurst, NY 11373 - Image 10

Commercial Property for sale in Elmhurst, NY

for $2,500,000. This 4,650 square foot building was built in 1925 on a lot size of 0.0918.

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.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 16,437

Style

Hotel/Motel

Lot Size

0.0918

Year Built

1925

Town/City

Elmhurst

County/Region

Queens

MLS | Web ID

1008456

Features
General
Sewer Other
Heating Oil
Cooling None
Utilities Electricity Connected Water Connected
Zoning R6B
Construction Materials Brick Frame
Year Built 1925
Property Subtype Hotel/Motel
Tax Year 2025
Parcel Number 02872-0043
Business Type Commercial Mixed
County Queens
Property Type Commercial Sale
City New York
High School District Contact Agent
Property Attached Y/N N
Tax Annual Amount 16437
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Contact Agent
Elementary School District Queens 24
Tax Assessed Value 318600
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Interior
Basement None
Basement Features None
Basement (Y/N) Y
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Exterior
Water Source Public
Building Area Total 4650
Waterfront Y/N N
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Internal Only
Street Number 1 8625
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* Excluded Features
List By
Richard Matt Shane

Listing Agent

All Island Estates Realty Corp

Broker

516-783-5600

Contact

Affordability Calculator

$16,763
Per Month
92%
8%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
$1,370
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.
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Nearby
4892106 Elementary School
4892561 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2026$2,500,000 Listed Price

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8625 59th Avenue, Elmhurst, NY, 11373 is a Commercial Property for sale at $2,500,000 with 4,650 sqft and a lot size of 0.0918. 8625 59th Avenue was built in 1925. The property's zip code is 11373 which is in Elmhurst, NY