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    70-10 Eliot Ave Middle Village, NY 11379

    Pending
    For Sale
    $1,799,000

    Multi Family - Middle Village, NY

    Type:Single Family Attached
    Days on Market:
    362
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 70-10 Eliot Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Pending
    Zoning
    R4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    Bathrooms
    8
    APN
    02927-0003

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas
    Cooling system
    Multi Units, Wall Unit(s)

    Building Details

    Year built
    1978
    Number of units
    7
    Building materials
    Block, Brick
    Architectural style
    Other

    Donna Demkowicz RE (516) 330-9834 [email protected]

    Listing agent Donna M. Demkowicz (718) 326-2022 License #31DE0993978

    Listing date Dec 9, 2024

    MLS# L3545528 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Middle Village Multifamily Investment Opportunity

    This legal 7-family property is located in Middle Village, NY. The building contains six gas meters and eight electric meters. It features one 3-bedroom duplex, three 1-bedroom apartments, and three studio apartments. A new roof was installed in 2018, and the hot water heater is approximately 2 years old. The property includes a 2-car attached garage with a private driveway and is located close to a park. Five of the seven apartments are free market, while two are rent stabilized. Current rents are as follows: a first-floor 1-bedroom unit rents for $1,223 (rent stabilized); a first-floor studio with a yard rents for $1,700; a second-floor studio rents for $1,400; a second-floor 1-bedroom unit rents for $1,950; a third-floor 1-bedroom with a balcony rents for $1,900; a third-floor unit rents for $1,121.24 (rent stabilized); the duplex rents for $3,000; and the garages rent for $800. The building size is 35.67x52. The property presents a great opportunity for a 1031 tax exchange. The property appears to be in good condition and has one separate hot water heater. Annual expenses include $5,518 for insurance, $46,829 for taxes, approximately $3,300 for heating, and approximately $900 per quarter for water. The total gross yearly income is $160,458.72.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middle Village
    County
    Queens
    State
    New York
    Longitude
    -73.887591977059
    Latitude
    40.72084935

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    FAQs

    What type of property is this?
    Apartment building - Legal 7-family property in Middle Village with income potential.
    Where is this apartment building located?
    The property is located at 70-10 Eliot Ave Middle Village, NY.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: - Legal 7-family property with strong income potential: $160,458.72 gross yearly income.; - Mix of apartment types offers diverse tenant appeal.; - Five out of seven apartments are free market, allowing for market-rate rent adjustments.
    (718) 326-2022
    Request Owner's contact information
    70-10 Eliot Ave Middle Village, NY 11379
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    Middle Village, NY 11379
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    70-10 Eliot Ave Middle Village, NY 11379
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