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Multifamily Property Requiring Renovation
For Sale
$599,000
Pending

97-16 32nd Avenue, East Elmhurst, NY 11369

Older multifamily asset offered in poor condition with substantial renovation needs.

Property SizeContact for details
Days on Market634

Property Features for 97-16 32nd Avenue

General Information

Standard status Pending
Property subtype Multi Family

Property Condition

Severity Major Repairs Needed
Evidence Need Completely Renovation.

Taxes and HOA fees

Annual Taxes $6,898

Building Details

Year Built 1915
Listing Agency: RE/MAX Team
Listed By: Miriam C. Vasquez CBR · License #40VA1008582
Source: Exitrealty
Added: Dec 10, 2024 Changed: Sep 4 Last Checked: Sep 5 at 7:56AM

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 RE/MAX Team

Investment Insights

Based on property information with market context.

This multifamily property at 97-16 32nd Avenue in East Elmhurst, NY, was built in 1915 and is reported to be in poor condition. The property requires complete renovation and is being offered in its existing condition.

Occupancy is reported to include squatters and tenants who are not paying rent. The asset is offered subject to those circumstances, which should be considered alongside the renovation requirements.

Key Highlights

  • Built in 1915
  • Complete renovation required
  • Poor overall condition

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Nursing Home Hotel & Motel Garden Center Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,733
Businesses Nearby

Demographics for 11369, NY

40,805
Population
13,893
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
79%
High-School Grad
1.1 sq mi
ZIP Area
37,095
Density / Sq Mi
$80,577
Median Household Income
$40,089
Median Earnings
$1,983
Median Rent
$734,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Older multifamily asset offered in poor condition with substantial renovation needs.
Where is this multifamily property located?
The property is located at 97-16 32nd Avenue East Elmhurst, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Built in 1915; Complete renovation required; Poor overall condition
More about this property
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