Elmhurst Commercial Unit with
For Sale
$187,000
87-14 57th Rd Prof C, Queens, NY 11373
Move-in ready 328 SF commercial unit with private balcony.
Property Size328 SF
Price / SF$570.12
Days on Market187
Property Features for 87-14 57th Rd Prof C
General Information
Standard status
Active
Size
328 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,980
Building Details
Building Size
328 SF
Year Built
1986
Listing Agency:
WINZONE REALTY INC.
Listed By:
Victoria Chang
(347) 781-8888
Source:
Elliman
Added: Apr 27
Changed: Oct 30
Last Checked: Oct 28 at 10:12AM
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 WINZONE REALTY INC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 328 square foot legal commercial professional unit located in a well-maintained elevator building in the heart of Elmhurst. The unit is newly painted and move-in ready. It features a brand-new cooking oven and refrigerator, making it suitable for office, studio, or professional use where light food preparation is permitted. A private balcony is accessible through floor-to-ceiling grid windows, providing natural light and an open feel. Laundry facilities, including a washer and dryer, are available in the building. The location is two blocks from the M and R subway lines, offering access to transportation, shops, and restaurants. The location has a walk score of 98, a bike score of 75, and a transit score of 100.
Key Highlights
- Prime location: Walker's Paradise (walkScore 98) and Rider's Paradise (transitScore 100), with easy access to transportation, shops, and restaurants.
- Legal commercial/professional unit in a well‑maintained elevator building.
- Private balcony with floor‑to‑ceiling grid windows offering great natural light.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,799
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,980
$216.0K
Cap Rate 7%
$154,271
$154.3K
Cap Rate 9%
$119,989
$120.0K
Market Conditions
NOI Build-Up for 328 SF
Gross rent
$16.5K $50.40/SF
− Vacancy
−$2.1K −$6.50/SF
EGI
$14.4K $43.90/SF
− OpEx
−$3.6K −$10.97/SF
NOI
$10.8K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,980
Cap Rate 7%
$154,271
Cap Rate 9%
$119,989
Alternative Uses
Best Use
Office B
$154.3K
$135.0K – $180.0K
NOI $10,799 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.8K
$211.6K – $282.1K
NOI $16,926 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,060
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready 328 SF commercial unit with private balcony.
Where is this office unit located?
The property is located at 87-14 57th Rd Prof C Queens, NY.
What is the asking price?
The asking price for this property is $187,000.
What are key features of this property?
This property features: Prime location: Walker's Paradise (walkScore 98) and Rider's Paradise (transitScore 100), with easy access to transportation, shops, and restaurants.; Legal commercial/professional unit in a well‑maintained elevator building.; Private balcony with floor‑to‑ceiling grid windows offering great natural light.
