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Property profile & analytics
FOR SALE
Office buildings

40-42 82Nd St Queens, NY 11373

4,572 SF 0.05 ac lot Built 1931
Entity Owned 11-yr Hold Free & Clear
Property ID
US63-5617594
Property summary
AI-generated overview

This exceptional mixed-use property, located at 4042 82nd Street in Elmhurst, NY, presents a lucrative investment opportunity. Situated on a 0.05-acre lot, this three-story building offers a diverse range of income-generating spaces. The ground floor comprises a retail store, ideal for a variety of businesses given its convenient location. The second and third floors each feature a spacious two-bedroom, one-bathroom apartment, combined with dedicated office space. This unique configuration allows for multiple income streams, catering to both commercial and residential tenants. The building's proximity to the 7 train at the 82nd Street station ensures excellent accessibility and high visibility for the retail space, attracting a substantial customer base. The residential units provide stable rental income, further enhancing the property's overall return on investment. This property is well-suited for an investor seeking a diversified portfolio with strong potential for appreciation and consistent cash flow. The combination of commercial and residential spaces makes this a truly unique and attractive investment opportunity in a thriving neighborhood. The building's solid construction and prime location make it a highly desirable asset in the Elmhurst market. Serious inquiries only.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1931
Total area 4,572 SF
Lot 0.05 ac (2,000 SF)
Zoning code R6
APN 01492-0027
UPID US63-5617594
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Guru Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.37M
Owner & transaction history
Ji Xiang LLC · 11 yrs held
Ji Xiang LLC
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
R6 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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