99th 25Th Ave East Elmhurst, NY 11369
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.