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Property profile & analytics
OFF-MARKET
Mixed-use properties

99th 25Th Ave East Elmhurst, NY 11369

2,297 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Mixed-use properties
Total area 2,297 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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