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    76-17 Broadway Queens, NY 11373

    For Sale
    $7,850,000

    Prime Elmhurst location, high NOI, strong cap rate.

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use building, located at 76-17 Broadway in Queens, New York, presents a compelling investment opportunity. The property boasts 11,000 square feet across four stories, situated on a 4,711 square foot lot (75ft x 100ft, Lot 01487-0031). Currently operating at 100% occupancy, the building generates a substantial net operating income (NOI) of $486,212, resulting in an attractive 6.19% capitalization rate. The asking price is $7,850,000. Real estate taxes for 2022/2023 were $190,000. The property is zoned R6B and features a diverse tenant mix including five ground-floor retail spaces, two second-floor office spaces, and eleven residential apartments. Its prime location, just two blocks from the 74th Street-Roosevelt Avenue subway station (7, E, F, M, R trains) and numerous bus lines, ensures high visibility and accessibility. The building's proximity to Elmhurst Hospital and a vibrant commercial district further enhances its appeal and guarantees consistent foot traffic. This is a rare opportunity to acquire a well-established, high-performing mixed-use asset in a rapidly growing area of Queens.

    Property Features for 76-17 Broadway

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,000 SF
    Class
    C

    Building Details

    Stories
    4

    HighLights

    • 11,000 SF mixed‑use building on a 4,711 SF lot (75ft x 100ft, Lot 01487‑0031) in Queens, NY.
    • 2022/2023 Real Estate Taxes: $190,000.
    • Lot Dimensions: 75ft x 100ft.
    • Property tax parcel number: 01487‑0031.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8885594
    Latitude
    40.7456817

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Elmhurst location, high NOI, strong cap rate.
    Where is this mixed-use property located?
    The property is located at 76-17 Broadway Queens, NY.
    What is the asking price?
    The asking price for this property is $7,850,000.
    What are key features of this property?
    This property features: 11,000 SF mixed-use building on a 4,711 SF lot (75ft x 100ft, Lot 01487-0031) in Queens, NY.; 2022/2023 Real Estate Taxes: $190,000.; Lot Dimensions: 75ft x 100ft.
    (917) 523-1274
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    76-17 Broadway Queens, NY 11373
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    Queens, NY 11373
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    76-17 Broadway Queens, NY 11373
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