42-20+22 82nd Street

Elmhurst, NY 11373

Calling All Investors, Developers & End-Users!!! 100% Occupied 12 Family Building Package For Sale!!! The Buildings Feature Excellent Signage, Great Exposure, Strong R7A Zoning, High 10' Ceilings, Security System, Yard, Fenced Lot, 6 Parking Spaces, 200 Amp Power, All New LED Lighting, A/C In Every Unit, +++!!! The Property Is Located In The Heart Of Elmhurst Just Off Broadway Only Minutes From Queens Center!!! Neighbors Include Apple, TD Bank, Adidas, Costco, Target, 7-Eleven, Dunkin', Walgreens, Planet fitness, Cold Stone Creamery, Raymour & Flanigan, Mattress Firm, Macy's, Shack Shack, Dollar Tree, Liberty Tax, McDonald's, White Castle, Subway, +++!!! As Per The Seller Each Building Has An Additional 5, 000 Sqft. Of Air Rights!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Make A Nice Addition To Your Portfolio!!! Income: 42-20 82nd St.: Unit 1A: $18, 581.88 Ann. Lease Exp.: 10/31/24 . Unit 1B: $20, 582.76 Ann. Lease Exp.: 10/31/24. Unit 2A: $24, 084.96 Ann. Lease Exp.: 10/31/25. Unit 2B: $22, 520.40 Ann. Lease Exp.: 10/31/25. Unit 3A: $21, 041.40 Ann. Lease Exp.: 3/31/25. Unit 3B: $21, 199.20 Ann. Lease Exp.: 10/31/24. 42-22 82nd St.: Unit 1A: $11, 521.32 Ann. Lease Exp.: 12/31/24. Unit 1B: $14, 265.36 Ann. Lease Exp.: 10/31/25. Unit 2A: $27, 121.56 Ann. Lease Exp.: 12/31/24. Unit 2B: $27, 000 Ann. Unit 3A: $19, 966.68 Ann. Lease Exp.: 10/31/24. Unit 3B: $25, 800 Ann. Lease Exp.: 4/30/24. Total Rental Income: $253, 685.52 Ann. Expenses: Heating: $29, 987 Ann. Insurance: $12, 713.88 Ann. Water & Sewer: $14, 583.18 Ann. Taxes: $49, 376.98 Ann. Total Expenses: $106, 661.04 Ann. Gross Income: $253, 685.52 Ann. Net Operating Income (NOI): $147, 024.48 Ann. , or

Listing courtesy of All Island Estates Realty Corp 516-783-5600


Based on information submitted to the MLS GRID as of 2024-05-06 03:40 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.