86-20 57th Road
Elmhurst, NY, 11373 $ 1,799,000
Bedrooms-- Baths-- Sq 2,142 Monthly Estimate*
$ 11,223
for $1,799,000. This 2,142 square foot building 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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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Cooling Multi Units
Utilities See Remarks
Construction Materials Brick Frame
Year Built 1986
Property Subtype Multi Family
Tax Year 2025
Business Type Other
County Queens
Property Type Commercial Sale
City New York
Number Of Units Total 5
Property Attached Y/N Y
Tax Annual Amount 30618
Building Area Units Square Feet
Standard Status Active
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InteriorBasement Full
Basement Features Full
Basement (Y/N) Y
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ExteriorWater Source Public
Building Area Total 2142
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 NearbyCommerical listings in Elmhurst, NY
Average List Price $1,721,483
Percent of Sale Price 4%
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 |
|---|
| 4/3/2025 | $1,799,000 | -7.74% | Price Down |
| 3/6/2025 | $1,950,000 | | Listed Price |