Price Reduced 3.85%


Price History

$1,299,000
9/18/2024

$1,249,000
10/9/2024


96-12 31st Avenue, Queens, (East Elmhurst), NY, 11369

96-12 31st Avenue, Queens, (East Elmhurst), NY, 11369

1925

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!


Status:

Active

Town:

Queens

Type:

Commercial

Units:

3

Zoning:

R4-1

Heating:

Natural Gas, Hot Water

Levels:

2

Acreage:

0.04

Est. Taxes:

$8,026

Current Use

Mixed Use

MLS #:

3579685


Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Keller Williams Landmark II 347-846-1200