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About the Listing CBE01 - 176463
Calling All Investors, Developers, & End-Users!!! 9.91 Cap 7 Unit 4,000+ Sqft. Mixed-Use Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R7B/C1-3 Zoning, High 8’ Ceilings, 2 Stores, (5) 1 Br. Apartments, Basement, 6 Parking Spaces, Separate Meters, Large Rear Yard, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmhurst 1 Block From Roosevelt Ave. & Just Minutes From Both I-278 & Queens Blvd.!!! The Property Has 20’ Of Frontage On Baxter Avenue!!! Neighbors Include Starbucks, Nissan, Mazda, TD Bank, Bolla Fuels, Shake Shack, PureGym, CVS, Dunkin, McDonald’s, Chick-fil-A, Wendy’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Jeweler: $58,200 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Been Here 20+ Years So Far. Hair Salon: $26,400 Ann.; 3 Year Lease. Apt. 1R (1 Br.): $26,328 Ann. Apt. 2R (1 Br.): $23,448 Ann. Apt. 2F (1 Br.): $24,660 Ann. Apt. 3R (1 Br.): $24,720 Ann. Apt. 3F (1 Br.): $25,200 Ann. Tax Rebate (Paid By The Store): $18,500 Ann. Gross Income: $227,456 Ann. Expenses: Gas: $0 Ann. Electric: $720 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $2,000 Ann Insurance: $3,423 Ann. Taxes: $37,676.20 Ann. Total Expenses: $44,069.20 Ann. Net Operating Income (NOI): $183,386.80 Ann. (9.91% Cap!!!)
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 6
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $37,676
- Taxes w/Assessments: N/A
- Tax/Property ID: 01506-0007
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
81-38 Baxter Ave Elmhurst, NY 11373
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