Property profile

8307 Grand Ave Elmhurst, NY 11373

FOR SALE
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Property ID
US63-1352938
3,300 SF 0.03 ac Built 1945
Last sale May 2024·$1,040,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

Built in 1945, this mixed-use building includes a ground-floor retail unit and two residential apartments on the second floor, plus a full basement for utility and storage. The retail space is occupied by a music store, while each apartment has two bedrooms and one bathroom. The building provides approximately 3,300 square feet of interior space and sits on a 20-foot by 57-foot lot with a 20-foot by 55-foot building footprint. Separate electric and gas services are provided for the commercial…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$84k
Assessed land$15k
Assessed improvement$68k
Effective rate10.36%

Value estimate

· Nov 2026
$1.04M
$936k – $1.14M
AI approach$1.04M
CAP approach$655k
Submarket $/SF estimate$698k
NOI build-up
Gross scheduled income$152k
Vacancy & credit loss−$6k
Operating expenses−$66k
NOI · 6.07% cap applied$81k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$403/SF
ZIP average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$211 – $578
Qualifying comparables10

Cap rate analysis

How does the asset earn?
6.07%
$81k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R4
This district is designed to provides for moderate density housing with a mix of residential building types, except for zero lot line bui...
General categoryRESIDENTIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm60.8
Realty agency29.2
Gym & Fitness17.4

Location

8307 Grand Ave Elmhurst, NY 11373
County assessor Recorded deeds · 3 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4836 90th, Flushing, NY 11373-4091 $1,525,000 Feb 2026 3,480 SF
4110 74th, Flushing, NY 11373-1847 $820,000 Mar 2025 3,219 SF
8701 56th, Flushing, NY 11373-5248 $1,800,000 Apr 2024 3,708 SF
4123 75th, Flushing, NY 11373-1851 $1,800,000 Nov 2023 3,276 SF
9120 Corona, Flushing, NY 11373-8600 $1,700,000 Jun 2022 3,525 SF
9040 Corona, Flushing, NY 11373-4047 $1,688,888 Mar 2022 2,970 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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