8317 Broadway Elmhurst, NY 11373

Property Details for 8317 Broadway

Year built

2006

Property size

16,800 SF

Property type

Commercial real estate

Description

This exceptional mixed-use property, located at 8317 Broadway in Elmhurst, NY, presents a lucrative investment opportunity. The 16,800 square foot building boasts a 12-family residential component and a thriving 8,000 square foot, multi-level restaurant capable of seating 300 patrons. Situated in a high-traffic, pedestrian-dense neighborhood, this 23-year-old, five-story building enjoys a prime Elmhurst location, just two blocks from the subway and conveniently close to Elmhurst Hospital and other amenities. The building's dimensions are 38 feet by 113 feet. The property generates a substantial net annual income of $316,000. Importantly, the building is not subject to any mandated NYC regulatory work, given its relatively young age. Each residential unit benefits from a separate hot water heater. The building's exterior is in very good condition, reflecting well-maintained ownership. This turnkey investment offers a compelling blend of residential and commercial income streams in a highly desirable location. The substantial size and established tenant base provide immediate cash flow and significant long-term potential. This is a rare opportunity to acquire a well-performing asset in a thriving New York City neighborhood.