Five-Unit Apartment
For Sale
Contact for pricing
8625 59th Avenue, Elmhurst, NY 11373
Five-unit free market building in Elmhurst with updated electrical, new 2023 boiler, basement, rear yard, and parking.
Property SizeContact for details
Days on Market73
Property Features for 8625 59th Avenue
General Information
Standard status
Active
Total Parking Spaces
6
Property subtype
Multifamily, Mixed Use
Zoning
R6B
Occupancy
100%
Net Operating Income
$119,633
Additional Details
Highway Access
Yes
Clear Height
8 ft
Multifamily Units
5
Amenities
Basement
Rear Yard
Private 2 Car Garage
Private Driveway
High 8' Ceilings
200 Amp Power
Updated Electrical Wires & Panels
New Boiler Installed In 2023
A/C
Building Details
Year Built
1925
Listing Agency:
All Island Estates Realty Corporation
Listed By:
Matthew Shane · License #NY 10311207810
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 13 at 10:37AM
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 All Island Estates Realty Corporation
Investment Insights
Based on property information with market context.
This is a 5-unit free market apartment building with a basement and a rear yard, offering high 8' ceilings and A/C. The unit mix includes one 5-bedroom apartment, one 3-bedroom apartment, two 2-bedroom apartments, and one 1-bedroom apartment. On the property side, there is a private 2-car garage, a private driveway, and 6 parking spaces. Electrical service includes 200 amp power with updated electrical wires and panels, and a new boiler installed in 2023.
Located at 8625 59th Avenue in Elmhurst near Queens Center Mall, the property is described as situated between I-495 (L.I.E.), Woodhaven Blvd., and Queens Blvd. The remarks also cite R6B zoning and include nearby neighbors such as Citibank, Bank of America, T-Mobile, Costco, Target, Macy’s, and other retail and service businesses.
The offering is described as 100% occupied. Annual gross income is stated at $156,060, with annual expenses listed at $36,427 and an indicated annual NOI of $119,633.
Located at 8625 59th Avenue in Elmhurst near Queens Center Mall, the property is described as situated between I-495 (L.I.E.), Woodhaven Blvd., and Queens Blvd. The remarks also cite R6B zoning and include nearby neighbors such as Citibank, Bank of America, T-Mobile, Costco, Target, Macy’s, and other retail and service businesses.
The offering is described as 100% occupied. Annual gross income is stated at $156,060, with annual expenses listed at $36,427 and an indicated annual NOI of $119,633.
Key Highlights
- 5‑unit free market apartment building (100% occupied) built in 1925 in Flushing/Elmhurst area
- Unit mix: one 5BR, one 3BR, two 2BR, and one 1BR apartment, plus basement and rear yard
- Private 2‑car garage and private driveway with 6 total parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
8 ft
Clear height
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,338
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit free market building in Elmhurst with updated electrical, new 2023 boiler, basement, rear yard, and parking.
Where is this apartment building located?
The property is located at 8625 59th Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5‑unit free market apartment building (100% occupied) built in 1925 in Flushing/Elmhurst area; Unit mix: one 5BR, one 3BR, two 2BR, and one 1BR apartment, plus basement and rear yard; Private 2‑car garage and private driveway with 6 total parking spaces
