96-12 31st Avenue, East Elmhurst NY 11369

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Pending

$1,249,000

96-12 31st Avenue, East Elmhurst, NY 11369

bedrooms

bathrooms

square feet

3,592

Acreage

Open Houses

year built

1925

Full Baths

Half Baths

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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!, Additional information: Building Size:19 x 64

Location
Subdivision	-
County	Queens
Elementary School	-
Middle School	-
High School	-

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MLS number: L3579685

Listing agent: George Herrera #10401224259

Listing broker: Keller Williams Landmark Ii (347) 846-1200

Last update: Tuesday, December 17 2024 at 10:19 p.m. EST

Kotohomes National