96-12 31st Avenue, East Elmhurst, NY 11369 (MLS # 3579685)
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All brick mixed use corner property with low taxes and low maintenance costs in East Elmhurst, Queens. Building features a large storefront on first floor (delivered vacant) and 2 two bedroom residential apartments on the second floor. Store is a generous 1216 sq ft with two bathrooms, roughed out commercial kitchen, access to basement and access to backyard. Currently setup as a convenience store (Rent: $6,000/mo VOT). Second floor features a 2 bedroom/1 bath front unit in average condition (Rent: $1,750 MTM) and a 2 bedroom/1 bath rear unit in original condition (Rent: $1,790 MTM). Both residential tenants are in good standing and pay on time every month. Building also features a fully finished basement and is located right on 31st Ave which is a busy thoroughfare in the area. 2 blocks from Northern Blvd, 1 block from Astoria Blvd. Interest rates are coming down, ensure a solid return with this 7.5% cap rate in a prime area of Northwest Queens. Ideal for 1031 exchange, business owner, and/or income investor. Take advantage of this great opportunity!
| DAYS ON MARKET | 1 | LAST UPDATED | 9/18/2024 |
|---|---|---|---|
| YEAR BUILT | 1925 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| HEAT | Hot Water, Natural Gas |
|---|---|
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 19.33x100 |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 8026 |
| ZONING | R4-1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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