$1,388,000
Est. payment /mo
1,755 Sqft Lot
Active
9106 43rd AVE Elmhurst, NY 11373
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 947743
Rental Info No
Year Built 1931
Annual Tax Amount $34,465
Lot Size 1,755 Sqft
Acres 0.0403
Property Sub-Type Mixed Use
Source onekey2
Property Description
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.
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.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Radiant
Cooling None
Fireplace No
Exterior
Parking Features On Street, Open
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Building
Lot Description Back Yard, Near Public Transit, See Remarks
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Douglas Elliman Real Estate • Jacob Rothstein