Current Use by Public Records
- Mixed-use properties
Property Details for 5725 Van Horn St
- Year built
- 1980
- Property type
- Mixed-use properties
Description
This exceptional six-story mixed-use building at 57-25 Van Horn Street in Elmhurst, NY, presents a compelling investment opportunity. Boasting 11,000 square feet of space, the property is currently fully occupied, with tenants responsible for 100% of their utilities. Each unit features separate meters and a PTECH unit, simplifying management and minimizing expenses. The residential units are currently leased below market rates, offering significant potential for increased revenue and return on investment. Its prime location offers unparalleled convenience. Situated just two blocks from Queens Boulevard, it provides easy access to the Long Island Expressway and Grand Central Parkway. A short walk to the Woodhaven Boulevard subway station grants access to the E, F, M, and R subway lines, ensuring effortless commutes throughout the city. Residents enjoy proximity to major Queens attractions, including Flushing Meadows Park, Citi Field, and the USTA Tennis Center. Furthermore, the Queens Center Mall and Queens Place Mall are within a short, 0.4-mile walk. This property represents a rare chance to acquire a high-performing, well-located asset with substantial upside potential in a thriving Queens neighborhood. The building's strong tenant base and below-market rents create a solid foundation for immediate income and long-term growth. The efficient design and low operating costs further enhance its attractiveness to discerning investors. This is a truly exceptional opportunity not to be missed.
Value Estimations
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AI approach
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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
- -73.8761
- Latitude
- 40.7324
