Elevator Office Unit with
For Sale
$187,000
87-14 57th Road, Elmhurst, NY 11373
Commercial Sale, Elmhurst, NY
Property Size328 SF
Lot Size0.68 Acres
Price / SF$570.12
Days on Market276
Property Features for 87-14 57th Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R6B
Standard status
Active
APN
02858-1028
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2980
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Amenities
private balcony
new cooking oven & refrigerator
washer & dryer in building
Building Details
Year built
1986
Building materials
Brick
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Victoria Chang
(347) 781-8888
Added: Jan 27
Changed: Oct 3
Last Checked: Oct 30 at 9:06PM
MLS# 955661
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.
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Investment Insights
Based on property information with market context.
This 328-square-foot professional office unit is located in a brick elevator building constructed in 1986. The space has been newly painted and includes a cooking oven, refrigerator, central air, natural gas heat, and a private balcony. Floor-to-ceiling grid windows extend to the balcony, bringing natural light into the unit. Light food preparation is permitted, and washer and dryer facilities are available within the building.
The property is located at 87-14 57th Road in Elmhurst, Queens, two blocks from the M and R subway lines. Shops, restaurants, and additional transportation options are nearby. The property information identifies the unit as legal commercial space and lists R6B zoning.
The property is located at 87-14 57th Road in Elmhurst, Queens, two blocks from the M and R subway lines. Shops, restaurants, and additional transportation options are nearby. The property information identifies the unit as legal commercial space and lists R6B zoning.
Key Highlights
- 328 SF professional office unit
- Private balcony with floor‑to‑ceiling grid windows
- Brick elevator building constructed in 1986
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Legal commercial space with abundant natural light, food-prep equipment, and building laundry facilities.
Where is this office unit located?
The property is located at 87-14 57th Road Elmhurst, 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: 328 SF professional office unit; Private balcony with floor‑to‑ceiling grid windows; Brick elevator building constructed in 1986
