New Listing - 09/18/2024
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
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Listing courtesy of Keller Williams Landmark II 347-846-1200