$ 1,249,000
96-12 31st AVE East Elmhurst, NY 11369
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$ 1,249,000
Est. payment | /mo
3,592 SqFt
$ 1,249,000
Est. payment | /mo
3,592 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 3,592 sqft
Price per Sqft $347
MLS Listing ID KEYL3579685
Originating Board onekey2
Rental Info No
Year Built 1925
Annual Tax Amount $8,026
Lot Dimensions 19.33x100
Property Description
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!, Additional information: Building Size:19 x 64
Location
State NY
County Queens
Interior
Heating Natural Gas, Hot Water
Fireplace No
Exterior
Private Pool No
Building
Story 2
Sewer Public Sewer
Others
Special Listing Condition None
Listed by Keller Williams Landmark II
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Hope Mazzola
Sales VP | Licensed Associate RE Broker