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    86-22 Broadway Elmhurst, NY 11373

    Sponsored
    For Sale
    $5,180,000

    Prime Elmhurst location, high-rent potential.

    Property size:
    4,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story commercial building, located at 86-22 Broadway in Elmhurst, Queens, New York, presents a lucrative investment opportunity. The 4,700 square foot property sits on a 2,834 square foot lot (25x115 feet), with the building itself measuring 25x94 feet. Currently configured as a mixed-use space, the building features two units. The ground floor is occupied by a bakery generating strong rental income (rent roll available upon request). The second floor, previously used as a real estate office, is currently vacant, offering immediate potential for increased revenue. The projected rental income is $8,000 per month. The property is zoned R7A/C1-2, providing flexibility for a variety of commercial uses. Its prime location in Elmhurst offers unparalleled convenience, with proximity to subway and bus lines, supermarkets, banks, and other essential amenities. This property is ideal for both investors seeking strong returns and end-users looking for a well-situated commercial space. The asking price is $5,180,000, translating to $1,102.13 per square foot. Ceiling height is noted as "Other" in the provided information. This is a rare opportunity to acquire a high-performing commercial property in a thriving New York City neighborhood.

    Property Features for 86-22 Broadway

    General Information

    Property type
    Restaurants
    Square Feet
    4,700 SF

    Building Details

    Stories
    2
    Units
    2

    HighLights

    • $5,180,000 asking price for a 4,700 square foot commercial building.
    • Two‑story building with two units in Elmhurst, NY.
    • Retail and office space; currently a bakery on the first floor and a vacant second floor.
    • R7A/C1‑2 zoning.
    • 2,834 square foot lot (25' x 115'). Building dimensions: 25' x 94'.
    • Project rent: $8,000/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Yan Ran Spa Massage Spa

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    Elmhurst
    County
    Queens
    State
    New York
    Longitude
    -73.8775393
    Latitude
    40.7379364

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    FAQs

    What type of property is this?
    Restaurant - Prime Elmhurst location, high-rent potential.
    Where is this restaurant located?
    The property is located at 86-22 Broadway Elmhurst, NY.
    What is the asking price?
    The asking price for this property is $5,180,000.
    What are key features of this property?
    This property features: $5,180,000 asking price for a 4,700 square foot commercial building.; Two-story building with two units in Elmhurst, NY.; Retail and office space; currently a bakery on the first floor and a vacant second floor.
    Request Owner's contact information
    86-22 Broadway Elmhurst, NY 11373
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    Elmhurst, 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
    86-22 Broadway Elmhurst, NY 11373
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