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Newly Built Apartment Building
For Sale
$5,180,000

25-56 97th Street, East Elmhurst, NY 11369

Commercial Sale, East Elmhurst, NY

Property SizeContact for details
Lot Size0.10 Acres
Days on Market344

Property Features for 25-56 97th Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking features On Street
Basement Finished, Full
Appliances Electric Water Heater
Elementary school East Elmhurst Community School
Middle school Is 227 Louis Armstrong
High school William Cullen Bryant High School
Elementary school district Queens 30
Middle school district Queens 30
High school district Queens 30
Directions Google Map
Standard status Active
APN 01370-0038
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3396

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Ductless
Water source Public

Building Details

Year built 2023
Number of units 8
Building materials Brick
Architectural style High Rise
Listing Agency: Tony & William R E Brotherhood
Listed By: Chun H. Xie
Added: Sep 14, 2025 Changed: Aug 20 Last Checked: Aug 23 at 4:06PM
MLS# 912667

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Completed in 2023, this brick multifamily building contains eight apartments: six two-bedroom units, one four-bedroom unit, and one five-bedroom unit. The high-rise-style property includes elevator service, a basement, electric heating, ductless cooling, and an electric water heater. Public water and public sewer serve the building, while parking is available on the street.

The property occupies 0.0971 acres at 25-56 97th Street in East Elmhurst, Queens. Its location places the building near LaGuardia Airport, retail shops, restaurants, supermarkets, schools, and public transportation. A 35-year tax abatement is also identified for the property.

Key Highlights

  • Eight apartments: six 2‑bedroom, one 4‑bedroom, and one 5‑bedroom unit
  • Built in 2023 with brick construction and high‑rise architectural style
  • Elevator service and basement included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Hair Salon

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

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,056
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit multifamily property with elevator service, public utilities, and on-street parking in Queens.
Where is this apartment building located?
The property is located at 25-56 97th Street East Elmhurst, NY.
What is the asking price?
The asking price for this property is $5,180,000.
What are key features of this property?
This property features: Eight apartments: six 2‑bedroom, one 4‑bedroom, and one 5‑bedroom unit; Built in 2023 with brick construction and high‑rise architectural style; Elevator service and basement included
More about this property
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