83-17 Broadway - Apartments FOR SALE


Elmhurst, NY 11373
$6,400,000 USD
718-819-4035
83-17 Broadway, Elmhurst, NY for Sale
$6,400,000 USD
Apartments - FOR SALE
1/18
null | 5.33% Cap Rate

83-17 Broadway
Elmhurst, NY 11373


HIGHLIGHTS

  • 13 units- 12 residential, 1 retail
  • Prime Elmhurst Location
  • High Visibility
  • 1031 Exchange Opprtunity

OVERVIEW

Located in the vibrant neighborhood of Elmhurst, NY, 8317 Broadway offers a rare investment opportunity. The property consists of twelve (12) residential units and a spacious multi-level retail/restaurant space, all situated on a 4,294-square-foot lot. Surrounded by an array of eateries, retail shops, and entertainment options, Elmhurst is renowned for its diverse community and exceptional transportation connections. It is an ideal location for businesses and residences. Investors will also benefit from the proximity to Queens Center Mall, Flushing Meadows Corona Park, and easy access to major highways and public transit hubs. This mixed-use, income-producing property presents a prime opportunity, particularly for those looking for a 1031 Exchange investment.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

13

PRICE/UNIT

$492,308

CAP RATE

5.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R7A

APN/PARCEL ID

01580-7501

ASK ABOUT THIS PROPERTY

Andreas NakosDouglas EllimanMore Info
718-819-4035

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Andreas NakosDouglas EllimanMore Info
718-819-4035

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.