96-12 31st Avenue East Elmhurst, NY 11369
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!
- Property TypeCommercial
- NeighborhoodN/A
- CountyQueens
- Taxes$8,026
- HOA/Condo/Coop Fees$0
- Days on Site21 Days
- MLS StatusActive
- MLS ID Number3579685
- Home Size Source N/A
- Year Built1925
- Lot Size0.04 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 96-12 31st Avenue East Elmhurst, NY 11369
15 hours ago | |
15 hours ago | |
3 weeks ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.04
- Zoning R4-1
- Cross Street 96th St.
- Property Sub Type Mixed Use
Interior Features
- Heating Natural GasHot Water
Community Features
- Township Queens