9106 43rd Avenue, Elmhurst, NY, 11373
1931
Prime mixed-use investment opportunity located on a busy stretch of 43rd Avenue in the heart of Elmhurst, surrounded by established retail, residential density, and strong foot traffic. This brick building features a ground-floor restaurant space with excellent street presence, plus two residential units above, offering multiple income streams and upside potential. The commercial unit can generate approximately $8,000/month, while the second-floor 2-bedroom and third-floor 3-bedroom units offer projected rents ranging from $2,300–$4,000 and $3,500–$5,000 respectively, depending on level of renovation. Solid structure, classic brick, and windowed residential floors provide strong fundamentals for both long-term hold or value-add strategies. Ideal for investors seeking stable income in one of Queens’ most active rental markets, with close proximity to major transportation, restaurants, and neighborhood amenities. There is an open tax lien on the property of $89,000. Will be settled before/by closing. Seller is willing to hold paper up to approximately $400,000. Buyer is required to come up with 1 million minimum.
Status:
Active
Type:
Commercial
Units:
3
Heating:
Radiant
Cooling:
None
Basement:
Full
Levels:
3
Parking:
On Street, Open
Acreage:
0.04
Est. Taxes:
$34,466
Assessment
$369,900
Construction
Brick
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Lot Description:
Back Yard, Near Public Transit, See Remarks
MLS #:
947743
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Douglas Elliman Real Estate 718-631-8900