Elmhurst Mixed-Use Vacant
For Sale
Contact for pricing
4044 82nd St, Elmhurst, NY
Two-story building with retail, office, and residential spaces.
Property Size4,262 SF
Lot Size0.05 Acres
Price / SF$692.16
Days on Market498
Property Features for 4044 82nd St
General Information
Standard status
Active
Size
4,262 SF
Lot size
0.05 Acres
Property subtype
RETAIL
Listing Agency:
Kassin Sabbagh Realty (KSR)
(917) 523-1274
Listed By:
Samia Farah · License #4OM01167813
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kassin Sabbagh Realty (KSR)
Investment Insights
Based on property information with market context.
Located in Elmhurst, this two-story building at 40-44 82nd St was constructed in 1931 and contains three units. The property is situated at the intersection of Corona, Jackson Heights, and Elmhurst. The building is currently vacant. The first floor is designed as a retail space, suitable for an owner-user. The second floor provides office space. The third floor features a three-bedroom apartment. Multiple subway lines, including the 7, R, M, E, and F trains, are easily accessible from the property.
Key Highlights
- Total vacancy offers immediate occupancy and flexibility for owner‑users or investors.
- Prime location at the crossroads of Corona, Jackson Heights, and Elmhurst.
- Versatile mixed‑use property with retail, office, and residential spaces.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.8k | $50.40 |
| − Vacancy | −$27.7k | −$6.50 |
| EGI | $187.1k | $43.90 |
| − OpEx | −$46.8k | −$10.97 |
| NOI | $140.3k | $32.92 |
4,262 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.34M
NOI $140,321 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,182 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $219,940 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,758
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story building with retail, office, and residential spaces.
Where is this retail space located?
The property is located at 4044 82nd St Elmhurst, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Total vacancy offers immediate occupancy and flexibility for owner‑users or investors.; Prime location at the crossroads of Corona, Jackson Heights, and Elmhurst.; Versatile mixed‑use property with retail, office, and residential spaces.
