Elmhurst Commercial Unit with
For Sale
Contact for pricing
87-14 57th Road Prof C, New York, NY 11373
328 SF commercial unit with balcony in prime location.
Property Size328 SF
Price / SF$570.12
Days on Market256
Property Features for 87-14 57th Road Prof C
General Information
Standard status
Active
Size
328 SF
Property subtype
Office
Zoning
R6B
Building Details
Year Built
1986
Listing Agency:
Winzone Realty Inc
Listed By:
Victoria Chang · License #NY
(347) 781-8888
Source:
Crexi
Added: Jan 27
Changed: Oct 4
Last Checked: Oct 9 at 5:00PM
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
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. The unit includes a private balcony with floor-to-ceiling grid windows that extend to the balcony, providing natural light and an open feel. Laundry facilities, including a washer and dryer, are available in the building. The property is located two blocks from the M and R subway lines, offering convenient access to transportation, shops, and restaurants.
Key Highlights
- Prime Elmhurst location: Just two blocks to the M & R subway lines, offering easy access to transportation, shops, and restaurants.
- Move‑in ready: Newly painted with a brand‑new cooking oven and refrigerator.
- Private balcony: Features floor‑to‑ceiling grid windows, providing great natural light and an open feel.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,271
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,420
$205.4K
Cap Rate 7%
$146,729
$146.7K
Cap Rate 9%
$114,122
$114.1K
Market Conditions
NOI Build-Up for 328 SF
Gross rent
$16.9K $51.48/SF
− Vacancy
−$3.2K −$9.73/SF
EGI
$13.7K $41.75/SF
− OpEx
−$3.4K −$10.44/SF
NOI
$10.3K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,420
Cap Rate 7%
$146,729
Cap Rate 9%
$114,122
Alternative Uses
Best Use
Office B
$146.7K
$128.4K – $171.2K
NOI $10,271 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$816.4K
$714.4K – $952.5K
NOI $57,151 @ 7.0% cap · market cap 30.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,822
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - 328 SF commercial unit with balcony in prime location.
Where is this office units located?
The property is located at 87-14 57th Road Prof C New York, 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 Elmhurst location: Just two blocks to the M & R subway lines, offering easy access to transportation, shops, and restaurants.; Move‑in ready: Newly painted with a brand‑new cooking oven and refrigerator.; Private balcony: Features floor‑to‑ceiling grid windows, providing great natural light and an open feel.
