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    70-10 Eliot Ave Middle Village, NY 11379

    Pending
    For Lease
    $1,799,000

    Multi Family - Middle Village, NY

    Type:Single Family Attached
    Days on Market:
    255
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 70-10 Eliot Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Single Family Attached
    Standard status
    Pending
    APN
    02927-0003

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1978
    Number of units
    7
    Architectural style
    Other

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

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

    Listing date Mar 26, 2025

    MLS# L3566798 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 Property

    This seven-family building in Middle Village, Queens, features a mix of apartment layouts, including three studio apartments, three one-bedroom apartments, and one three-bedroom duplex. The property includes a two-car garage with a private driveway, offering an additional two parking spaces. A laundry room is also located within the building. The property generates a yearly income exceeding $131,000. Five of the apartments are rented at free market rates, while two apartments are rent stabilized.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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 - Seven-unit building with income potential in Middle Village, Queens.
    Where is this apartment building located?
    The property is located at 70-10 Eliot Ave Middle Village, NY.
    What are key features of this property?
    This property features: - High Yearly Income: Over $131,000 per year.; - Mix of Free Market and Rent Stabilized Units: Five free market apartments offer potential for increased income.; - Diverse Unit Mix: Includes studio, one-bedroom, and a three-bedroom duplex.
    (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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