Property summary
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
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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