40-44 82Nd St Elmhurst, NY 11373
- Retail properties
- 4,262 SF
Current Use by Public Records
- Doctor's Health Guide & Tips / Information Services
Property Details for 40-44 82Nd St
- Year built
- 1931
- Property size
- 4,262 SF
- Property type
- Retail properties
Description
This exceptional Elmhurst, Queens investment property, located at 40-44 82nd Street, presents a rare opportunity for owner-users. The completely vacant, two-story building, constructed in 1931, offers 4,262 square feet of space across three units. The ground floor is ideally suited for retail use, given its prime location at the crossroads of Corona, Jackson Heights, and Elmhurst. The second floor provides versatile office space, while the third floor features a spacious three-bedroom apartment. This unique combination of commercial and residential space offers significant potential. The property sits on a 2,011 square foot lot (18.8' x 118.98'), with a building size of 20' x 60'. The permitted zoning is R6, C1-3, allowing for a maximum buildable square footage of 4,262. Additional development potential may exist, given the maximum FAR and air rights of 2.43 and 4,887 respectively. Convenient access to multiple subway lines (7, R, M, E, and F trains) adds to the property's appeal. The asking price is $2,950,000, and annual property taxes are $26,501. This is a unique opportunity to acquire a multi-use property in a high-demand location with significant upside potential. The absence of comparable recent sales in the area underscores the rarity of this offering.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elmhurst
- County
- Queens
- State
- New York
- Longitude
- -73.8839
- Latitude
- 40.7464
