Property profile

82-18 31St Ave East Elmhurst, NY 11370

OFF-MARKET
Retail properties & Spaces
1,380 SF Built 1928
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 82-18 31st Avenue in East Elmhurst, NY 11370, presents a rare investment or owner-user opportunity. The 1,380 square foot building, constructed in 1928, sits on a 1,500 square foot lot and is a single-story structure. Currently configured as a laundromat and a one-bedroom apartment, it will be delivered vacant upon closing, offering flexibility for a variety of uses. A significant advantage is the inclusion of a large walk-in basement accessible via a roll-up door, providing ample storage space. The property's prime location in the heart of East Elmhurst ensures convenient access to a wealth of amenities, including numerous retail establishments, restaurants, and public transportation options (subway and bus lines). The asking price is $788,000. This presents a compelling opportunity for investors seeking a strong return or for end-users looking to establish their business in a vibrant and well-connected neighborhood. Please note: Do not disturb the tenants.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1928
Total area 1,380 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

82-18 31St Ave East Elmhurst, NY 11370
East Elmhurst metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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