$2,250,000
( $483.87Per Sq Foot )
 $12,078 est/mo Sourced by Back At You

8625 59th Avenue,Elmhurst, NY 11373

Elmhurst, NY 11373

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Description

Calling All Investors, Developers, & End-Users!!! 100% Occupied 5 Unit Free Market Apartment Building In Flushing For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, (1) 5 Br. Apartment, (1) 3 Br. Apartment, (2) 2 Br. Apartments, (1) 1 Br. Apartment, Basement, Rear Yard, Private 2 Car Garage, Private Driveway, 6 Parking Spaces, High 8' Ceilings, 200 Amp Power, Updated Electrical Wires & Panels, New Boiler Installed In 2023, A/C, +++!!! The Property Is Located In The Heart Of Elmhurst Right Near The Queens Center Mall!!! The Property Is Situated Between I-495 (L.I.E.), Woodhaven Blvd., & Queens Blvd.!!! Neighbors Include Citibank, Bank of America, T-Mobile, Costco, Target, Macy's, Retro Fitness, Applebee's Bar & Grill, The Cheesecake Factory, Shake Shack, Olive Garden, Popeye's Louisiana Kitchen, Quest Diagnostics, Walgreens, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: LL (3 Br. Apt.): $30,000 Ann.; M-M. 1st Fl. (5 Br. Apt.): $48,000 Ann.; M-M. 2nd Fl. (Front 1 Br. Apt. ): $14,700 Ann.; M-M. 2nd Fl. (Rear 2 Br. Apt.): $29,160 Ann.; M-M. 3rd Fl. (2 Br. Apt.): $27,000 Ann.; M-M. 2 Car Garage: $2,400 Ann. 1 Car Parking: $1,800 Ann. 1 Car Parking: $1,800 Ann. 1 Car Parking: $1,200 Ann. Gross Income: $156,060. Ann. Expenses: Oil: $8,000. Ann. Electric: $2,070. Ann. (Hallway & Boiler Only) Water & Sewer: $2,543 Ann. Insurance: $3,568 Ann. Snow & Landscaping: $0 Ann. Maintenance: $2,500 Ann. Taxes: $17,746 Ann. Total Expenses: $36,427 Ann. Net Operating Income (NOI): $119,633 Ann.

Details

MLS #1008456
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1925
Days On Site158
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet4,650
ZoningR6B
Acreage0.09

Interior

CoolingNone
HeatingOil

Exterior

Construction MaterialsBrick, Frame

Utilities

UtilitiesElectricity Connected, Water Connected
SewerOther

Taxes

Tax Year2025
Tax Assessed Value318600
Tax Annual Amount16437

Area Information

StateNY
CountyQueens
CityElmhurst
Zip Code11373
Listing VS Median (in 11373)
Price:
$2,250,000
low | high
Med:
$538,000
100% of Average
sqft:
4,650
low | high
Med:
600
100% of Average
$ / sqft:
$484
low | high
Med:
$897
35.311111111111% of Average
On site:
158
low | high
Med:
73
100% of Average
Sourced by Back At You

Market Activity 11373

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Learn More About This Property

Smitchger Realty

Smitchger Realty

 (845) 534-7874sinfo@johnjleaserealtors.com
StateNY
CountyQueens
CityElmhurst
Zip Code11373
Listing VS Median (in 11373)
Price:
$2,250,000
low | high
Med:
$538,000
100% of Average
sqft:
4,650
low | high
Med:
600
100% of Average
$ / sqft:
$484
low | high
Med:
$897
35.311111111111% of Average
On site:
158
low | high
Med:
73
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.687M - $2.812M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
86-20 57th Road Property Photo 1
$1,789,000
86-20 57th Road
Elmhurst, NY 11373
86-18 57th Road Property Photo 1
$1,790,000
86-18 57th Road
Elmhurst, NY 11373
Listing Updated: September 28, 2026 at 9:55:37 PM PDT

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Smitchger Realty

270 Main Street
Cornwall, NY 12518
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270 Main Street 

Cornwall, NY 12518

845-534-7874

Hours of Operation

Monday 9:00 AM –  5:00 PM
Tuesday 9:00 AM –  5:00 PM
Wednesday 9:00 AM –  5:00 PM
Thursday 9:00 AM –  5:00 PM
Friday 9:00 AM –  5:00 PM
Saturday10:00 AM – 5:00 PM
SundayBy Appointment Only



Specializing in Buying and

Selling Real Estate in Cornwall,

NY and surrounding areas. 


 
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey® MLS
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