Mixed-Use Building with
For Sale
$1,880,000
8543 Britton Avenue, Elmhurst, NY 11373
Solid brick construction combines three apartments with street-level commercial space.
Days on Market75
Property Features for 8543 Britton Avenue
General Information
Standard status
Active
Property subtype
Mixed Use
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Office Units
1
Additional Details
Public Transit
Yes
Amenities
private balconies
Building Details
Building Size
4,160 SF
Year Built
2004
Buildings
1
Stories
4
Construction
brick
Listing Agency:
EXP Realty
(516) 336-9417
Listed By:
Xingye Fu
Source:
Serhant
Added: May 18
Changed: Jul 31
Last Checked: Jul 31 at 7:55AM
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 EXP Realty
Investment Insights
Based on property information with market context.
Built in 2004, this solid brick mixed-use building includes three apartments and street-level commercial space. The first floor is configured as a 3-bedroom, 2-bath community facility, while the second through fourth floors each contain a 3-bedroom, 2-bath apartment with a bright living room and private balcony. A fully finished basement with a separate entrance from the first floor adds additional usable space.
The property is equipped with 3 boilers, 5 electric meters, and 3 gas meters. It is located near the 7 train at 90 St/Elmhurst Ave, as well as the E, F, M, and R trains. Queens Center Mall, shops, dining, and other amenities are located nearby.
The property is equipped with 3 boilers, 5 electric meters, and 3 gas meters. It is located near the 7 train at 90 St/Elmhurst Ave, as well as the E, F, M, and R trains. Queens Center Mall, shops, dining, and other amenities are located nearby.
Key Highlights
- Three 3‑bedroom, 2‑bath apartments on the second through fourth floors
- Street‑level 3‑bedroom, 2‑bath community facility space
- Solid brick building built in 2004
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 | $209.7k | $50.40 |
| − Vacancy | −$27.0k | −$6.50 |
| EGI | $182.6k | $43.90 |
| − OpEx | −$45.7k | −$10.97 |
| NOI | $137.0k | $32.92 |
4,160 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.28M
NOI $136,963 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,689 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,676 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,740
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
Properties on Market for Mixed-use properties in Elmhurst
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Solid brick construction combines three apartments with street-level commercial space.
Where is this mixed-use property located?
The property is located at 8543 Britton Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Three 3‑bedroom, 2‑bath apartments on the second through fourth floors; Street‑level 3‑bedroom, 2‑bath community facility space; Solid brick building built in 2004
