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86-20 57th Rd
Elmhurst, NY 11373 Elmhurst

$1,799,000 USD

Apartments For Sale • 4,840 SF

Property Details

Property Type Apartments
Total Building Size 4,840 SF
Lot Size 0.05 AC
Building Class C
Year Built 1989
Cap Rate 7.00 %
Zoning R5

100 Transit Score

92 Walk Score

                
                    Highlights
                
                                 Calling All Investors, Developers, & End-Users!!! 5 Unit Free Market Apartment Building In Elmhurst For Sale!!! 
                            
                                The Property Features Excellent Signage, Great Exposure, R5 Zoning, High 8’ Ceilings, Full Basement, Private Driveway & Garage, 6 Parking Spaces, +++!
                            
                                The Property Is Located In The Heart Of Elmhurst 2 Blocks Off Queens Blvd. Near The I-495 Woodhaven Blvd. Exit!!! 
                            
                                Neighbors Include Apple, Starbucks, Verizon, USPS, Target, Costco, Petco, Best Buy, Victoria’s Secret, Walgreens, Adidas, Marshalls, Shake Shack, Burl
                            
                                 The Property Is Situated Minutes From Queens Center & Rego Center!!!
                            
                                This Property Offers HUGE Upside Potential!!!

Financial Summary (Proforma)

Net Operating Income: $125,969 USD (2025)

Cap Rate:	7.00 %
Total Expenses:	$41,531 USD

Amenities

24 Hour Access
Balcony
Cable Ready
Dishwasher
Security System
Washer/Dryer
Ceiling Fans
Hardwood Floors
Stainless Steel Appliances
Yard
Bicycle Storage
Basement
Double Pane Windows
Garden
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road)	7 min	-	2.1 mi
Forest Hills Station (Babylon Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road)	7 min	-	2.1 mi
Transit/Subway	Drive	Walk	Distance
Woodhaven Boulevard (E,G,R Line) (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	3 min	6 min	0.3 mi
Grand Avenue-Newtown (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	2 min	9 min	0.4 mi
63 Drive-Rego Park (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Elmhurst Avenue (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
LaGuardia	11 min	-	3.8 mi
John F Kennedy International	16 min	-	10.6 mi
Newark Liberty International	33 min	-	21.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Matthew Shane 516-279-8828 All Island Commercial

86-20 57th Rd Elmhurst, NY 11373 Elmhurst