5-Unit Free Market Apartment
8625 59th Avenue Elmhurst, NY 11373
8625 59th Avenue, Elmhurst, NY, 11373
$2,500,000
For Sale
$2,500,000
MULTI_FAMILY - Elmhurst, NY
Lot Size0.09 Acres
Days on Market46
Property Features for 8625 59th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Rooms
- Basement
- Standard status
- Active
- APN
- 02872-0043
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16437
Utilities
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1925
- Building materials
- Brick, Frame
Listing Agency
All Island Estates Realty Corp
(516) 783-5600
3242 Railroad Ave, Wantagh, NY
Listed by
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: Jun 2 Checked: Jul 17 at 11:06 pm
MLS# 1008456
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.
A 5-unit free market apartment building with a basement and rear yard, offering a unit mix of one 5-bedroom apartment, one 3-bedroom apartment, two 2-bedroom apartments, and one 1-bedroom apartment. The property includes A/C, high 8' ceilings, 200-amp power, updated electrical wires and panels, and a new boiler installed in 2023. Parking is supported by a private driveway and 6 total spaces, including a private 2-car garage.
Zoned R6B, the building is described as being in the heart of Elmhurst near Queens Center Mall, situated between I-495 (L.I.E.), Woodhaven Blvd., and Queens Blvd. The property is reported as 100% occupied, with listed annual gross income of $156,060 and total expenses of $36,427, resulting in an annual net operating income (NOI) of $119,633.
Zoned R6B, the building is described as being in the heart of Elmhurst near Queens Center Mall, situated between I-495 (L.I.E.), Woodhaven Blvd., and Queens Blvd. The property is reported as 100% occupied, with listed annual gross income of $156,060 and total expenses of $36,427, resulting in an annual net operating income (NOI) of $119,633.
Key Highlights
- 5‑unit free market apartment building with gross annual income of $156,060 and NOI of $119,633
- Income breakdown includes LL $30,000/yr, $48,000/yr (5 BR), $27,000/yr (2 BR), $29,160/yr (2 BR), and $14,700/yr (1 BR)
- New boiler installed in 2023; oil heat and A/C; 200‑amp power with updated electrical wires and panels
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building with rear yard, private 2-car garage, and updated systems including a new boiler installed in 2023.
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 with gross annual income of $156,060 and NOI of $119,633; Income breakdown includes LL $30,000/yr, $48,000/yr (5 BR), $27,000/yr (2 BR), $29,160/yr (2 BR), and $14,700/yr (1 BR); New boiler installed in 2023; oil heat and A/C; 200‑amp power with updated electrical wires and panels
