86-40 57th Ave - Storefront Retail/Residential FOR SALE


Elmhurst, NY 11373
$1,788,800 USD
646-407-0091
86-40 57th Ave, Elmhurst, NY for Sale
$1,788,800 USD
Storefront Retail/Residential - FOR SALE
1/16
null | 4.95% Cap Rate

86-40 57th Ave
Elmhurst, NY 11373


HIGHLIGHTS

  • heavy foot traffic,fully accupied mixed use building
  • free standing building

OVERVIEW

Heavy foot traffic, quick access to the subway line, across the street from the Elmhurst shopping mall. The mixed-use property is situated on 57th Ave and 86th Street, in an R5 and C2-2 zone. The building was remodeled in 2024, with 2 apartments (2 bedrooms, 1 bath) upstairs, month-to-month; the ground floor has a deli store with brand-new leases (5-year lease plus 5-year option), yearly at a 3% increase. All tenants pay their own expenses.

FOR SALE DETAILS

PRICE

$1,788,800 USD

PRICE/SF

$721 USD /SF

CAP RATE

4.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R5/C2-3

APN/PARCEL ID

02870-0016

ASK ABOUT THIS PROPERTY

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646-407-0091

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Candy HuangCandy HuangMore Info
646-407-0091

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