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    8630 Grand Ave Elmhurst, NY 11373

    For Sale
    $5,800,000

    Ten-unit building, excellent condition, high occupancy.

    Property size:
    9,359 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional ten-unit multifamily property, located at 8630 Grand Ave Unit 10, Elmhurst, NY, presents a compelling investment opportunity. Completely rebuilt in 2018, this elevated building boasts a prime location in a safe and desirable residential area, surrounded by shops and convenient public transportation. The property comprises two one-bedroom apartments, seven two-bedroom apartments, and one studio apartment, totaling 9,359 square feet. Six units feature two bathrooms. All units are currently rented at market rates to responsible tenants, who are responsible for their own utilities. Interior features include large windows providing ample natural light, tiled floors, and stainless steel appliances. Residents enjoy open city views. The building's convenient location offers easy access to subway and bus stations, with the Queens Shopping Center nearby. Schools and other amenities are also within close proximity. The property benefits from a low annual property tax. Four parking spaces are available in the rear. The extra-long lot features a beautifully landscaped front yard. The building's excellent condition, high occupancy rate, and strong rental income make it an ideal investment for both owner-occupancy and 1031 tax exchange purposes. The building dimensions are 42 feet by 55 feet.

    Property Features for 8630 Grand Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,359 SF

    Building Details

    Year Built
    1945
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Queens
    State
    New York
    Longitude
    -73.87923
    Latitude
    40.73575

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    FAQs

    What type of property is this?
    Commercial real estate - Ten-unit building, excellent condition, high occupancy.
    Where is this commercial real estate located?
    The property is located at 8630 Grand Ave Elmhurst, NY.
    What is the asking price?
    The asking price for this property is $5,800,000.
    (718) 639-2100
    Request Owner's contact information
    8630 Grand Ave Elmhurst, NY 11373
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    Elmhurst, NY 11373
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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
    8630 Grand Ave Elmhurst, NY 11373
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