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    99th 25Th Ave East Elmhurst, NY 11369

    Sponsored
    For Sale
    $1,499,000

    Renovated 3-Family, High Potential

    Property size:
    2,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at the intersection of 99th Street and 25th Avenue in East Elmhurst, New York, presents a compelling investment opportunity. The fully renovated building boasts a total of 2,297 square feet and comprises three distinct residential units. The ground floor unit offers a spacious and modern layout, featuring three bedrooms, one bathroom, and an open-plan kitchen. The lower level, accessible via a separate entrance, includes two bedrooms, one bathroom, and benefits from high ceilings. The second floor is divided into a one-bedroom and a two-bedroom apartment. All units are currently in excellent condition, ensuring immediate rental income potential. Adding to the property's appeal is a convenient two-car garage, providing ample parking. Tenants are responsible for all utilities except water, minimizing the owner's operational expenses. The property's strategic location offers easy access to LaGuardia Airport, a variety of shops and restaurants, local schools, and major highways, contributing to its strong growth potential. This turnkey investment is priced at $1,499,000 and offers a rare blend of immediate income and long-term appreciation prospects in a desirable New York City neighborhood. The property's zip code is 11369.

    Property Features for 99th 25Th Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,297 SF

    HighLights

    • $1,499,000 asking price.
    • Mixed‑use property totaling 2,297 square feet.
    • Fully renovated three‑family home in East Elmhurst, NY.
    • Features include a three‑bedroom, one‑bath first‑floor unit, a two‑bedroom, one‑bath basement unit with separate entrance, and two additional upper‑floor units.
    • Includes a two‑car garage and tenant‑paid utilities (excluding water).
    • Excellent location near LaGuardia Airport, shopping, dining, schools, and major highways.
    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
    East Elmhurst
    County
    36081
    State
    New York
    Longitude
    -73.870864
    Latitude
    40.7647272

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated 3-Family, High Potential
    Where is this mixed-use property located?
    The property is located at 99th 25Th Ave East Elmhurst, NY.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: $1,499,000 asking price.; Mixed-use property totaling 2,297 square feet.; Fully renovated three-family home in East Elmhurst, NY.
    Request Owner's contact information
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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
    99th 25Th Ave East Elmhurst, NY 11369
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