8834 54th Avenue, Elmhurst, NY 11373 (MLS # 1036263)
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Excellent investment opportunity in the heart of Elmhurst! Legal 7-family residential building located at 88-34 54th Ave, built in 2020 and well maintained. This income-producing property features approximately 5,526 SF of building area on a 25 x 100 lot, with 4 stories plus basement and separate entrances, offering a practical and efficient multi-unit layout. The property includes 7 residential units, 8 electric meters, and 7 gas meters. Each unit is equipped with modern finishes, including hardwood floors, marble countertops, individual wall-mounted heating systems, and gas stoves. Current projected full-rent gross income is approximately $20,850/month, or up to approximately $250,200/year, offering strong income potential. Low annual property tax of approximately $2,496 with tax abatement benefits. Conveniently located in central Elmhurst near supermarkets, restaurants, shopping, schools, and public transportation, with easy access to the M/R subway lines and surrounding Queens neighborhoods. A rare legal 7-family building with low taxes, strong rental potential, and prime Elmhurst location. Buyer to verify all income, expenses, taxes, leases, and property information independently.
| DAYS ON MARKET | 1 | LAST UPDATED | 8/7/2026 |
|---|---|---|---|
| YEAR BUILT | 2022 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| HEAT | Baseboard |
| LOT | 2500 sq ft |
| PARKING | No Garage, None |
| SEWER | Public Sewer |
| TAXES | 2496 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Chase Global Realty Corp
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