Elevator Mixed-Use
For Sale
$6,180,000
82-20 Britton Avenue, Elmhurst, NY 11373
Commercial Sale, Elmhurst, NY
Property Size11,000 SF
Lot Size0.06 Acres
Price / SF$561.82
Days on Market96
Property Features for 82-20 Britton Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7B
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Standard status
Active
APN
01517-1101
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
64124
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
2008
Floors in Building
6
Building materials
Brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Added: May 21
Changed: Aug 20
Last Checked: Aug 24 at 2:06AM
MLS# 1003068
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.
This six-story brick building with a basement was completed in 2008 and contains approximately 11,000 square feet on a 25 x 100 lot. The elevator-served layout includes six one-bedroom, one-bath apartments, two duplex apartments with two bedrooms and two baths each, and a ground-floor commercial unit currently occupied by a health center. Residential units have separate gas meters and independent heating systems, with baseboard heat and central air.
The property is positioned in Elmhurst’s commercial district near Elmhurst Broadway, with the M/R subway lines and multiple bus routes within steps. Public water and public sewer serve the building. The commercial space is leased to a long-term tenant, while the residential component provides a varied apartment configuration within the same property.
The property is positioned in Elmhurst’s commercial district near Elmhurst Broadway, with the M/R subway lines and multiple bus routes within steps. Public water and public sewer serve the building. The commercial space is leased to a long-term tenant, while the residential component provides a varied apartment configuration within the same property.
Key Highlights
- Approximately 11,000 SqFt building on a 25 x 100 lot
- Six stories plus basement, built in 2008
- Six one‑bedroom, one‑bath units and 2 duplex two‑bedroom, two‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$268,889
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Healthcare Medical
$3.62M
$3.17M – $4.23M
NOI $253,638 @ 7.0% cap · market cap 4.10%
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.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
8,587
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six-story brick property combines residential apartments with a ground-floor commercial unit.
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 SqFt building on a 25 x 100 lot; Six stories plus basement, built in 2008; Six one‑bedroom, one‑bath units and 2 duplex two‑bedroom, two‑bath units
