Elevator Mixed-Use
For Sale
$6,180,000
82-20 Britton Avenue, Elmhurst, NY 11373
R7B-zoned building combines residential apartments with a ground-floor commercial space occupied by a health center.
Property Size11,000 SF
Lot Size0.06 Acres
Price / SF$561.82
Days on Market157
Property Features for 82-20 Britton Avenue
General Information
Standard status
Active
Size
11,000 SF
Elevators
Yes
Lot size
0.06 Acres
Property subtype
Commercial
Zoning
R7B
Units
Unit Mix
6 x 1BR/1BA, 2 x 2BR/2BA
Multifamily Units
8
Individually Metered Utilities
gas
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$64,124
Building Details
Building Size
11,000 SF
Year Built
2008
Buildings
1
Stories
6
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: May 21
Changed: Oct 23
Last Checked: Oct 23 at 5:52PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
Built in 2008, this six-story mixed-use building with a basement contains approximately 11,000 square feet. The residential portion includes six one-bedroom, one-bathroom apartments and two duplex units, each with two bedrooms and two bathrooms. A ground-floor commercial unit is occupied by a health center. Residential units have separate gas meters and independent heating systems.
The property is on Britton Avenue near Elmhurst Broadway, with the M and R subway lines and multiple bus routes nearby. The lot measures approximately 25 by 100 feet and the zoning is R7B.
The property is on Britton Avenue near Elmhurst Broadway, with the M and R subway lines and multiple bus routes nearby. The lot measures approximately 25 by 100 feet and the zoning is R7B.
Key Highlights
- Approximately 11,000 square feet on an approximately 25‑by‑100‑foot lot
- Six‑story building with basement and elevator, built in 2008
- Six one‑bedroom, one‑bath units and two duplex two‑bedroom, two‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$268,889
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,377,780
$5.4M
Cap Rate 7%
$3,841,271
$3.8M
Cap Rate 9%
$2,987,656
$3.0M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$508.2K $46.20/SF
− Vacancy
−$19.3K −$1.76/SF
EGI
$488.9K $44.44/SF
− OpEx
−$220.0K −$20.00/SF
NOI
$268.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,377,780
Cap Rate 7%
$3,841,271
Cap Rate 9%
$2,987,656
Alternative Uses
Best Use
Apartment 5plus
$3.84M
$3.36M – $4.48M
NOI $268,889 @ 7.0% cap · market cap 4.35%
Second Best
Mixed Use
$2.02M
$1.77M – $2.36M
NOI $141,570 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$8.11M
$7.10M – $9.46M
NOI $567,653 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
8,587
Businesses Nearby
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Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - R7B-zoned building combines residential apartments with a ground-floor commercial space occupied by a health center.
Where is this mixed-use property located?
The property is located at 82-20 Britton Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $6,180,000.
What are key features of this property?
This property features: Approximately 11,000 square feet on an approximately 25‑by‑100‑foot lot; Six‑story building with basement and elevator, built in 2008; Six one‑bedroom, one‑bath units and two duplex two‑bedroom, two‑bath units
