Price Reduced 17.44%
Price History
$2,150,000
1/20/2026
$915,000
2/18/2026
$1,950,000
2/19/2026
$1,850,000
3/26/2026
$1,775,000
4/10/2026
81-38 Baxter Avenue, Elmhurst, NY, 11373
1917
Calling All Investors, Developers, & End-Users!!! 10.33 Cap 7 Unit 4,000+ Sqft. Mixed-Use Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R7B/C1-3 Zoning, High 8’ Ceilings, 2 Stores, (5) 1 Br. Apartments, Basement, 6 Parking Spaces, Separate Meters, Large Rear Yard, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmhurst 1 Block From Roosevelt Ave. & Just Minutes From Both I-278 & Queens Blvd.!!! The Property Has 20’ Of Frontage On Baxter Avenue!!! Neighbors Include Starbucks, Nissan, Mazda, TD Bank, Bolla Fuels, Shake Shack, PureGym, CVS, Dunkin, McDonald’s, Chick-fil-A, Wendy’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Jeweler: $58,200 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Been Here 20+ Years So Far. Hair Salon: $26,400 Ann.; 3 Year Lease. Apt. 1R (1 Br.): $26,328 Ann. Apt. 2R (1 Br.): $23,448 Ann. Apt. 2F (1 Br.): $24,660 Ann. Apt. 3R (1 Br.): $24,720 Ann. Apt. 3F (1 Br.): $25,200 Ann. Tax Rebate (Paid By The Store): $18,500 Ann. Gross Income: $227,456 Ann. Expenses: Gas: $0 Ann. Electric: $720 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $2,000 Ann Insurance: $3,423 Ann. Taxes: $37,676.20 Ann. Total Expenses: $44,069.20 Ann. Net Operating Income (NOI): $183,386.80 Ann. (10.33% Cap!!!)
Status:
Active
Type:
Commercial
Units:
7
Heating:
Natural Gas
Cooling:
None
Levels:
3
Parking:
6-car, On Street
Est. Taxes:
$37,676
Construction
Frame
Utilities
Natural Gas Available
Days on Market:
80
MLS #:
953323
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of All Island Estates Realty Corp 516-783-5600