Suffolk 631.650.9933 Nassau 516.249.8265
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  • All brick mixed use corner property with low taxes and low maintenance costs in East Elmhurst, Queens. Building features a large storefront on first floor (delivered vacant) and 2 two bedroom residential apartments on the second floor. Store is a generous 1216 sq ft with two bathrooms, roughed out commercial kitchen, access to basement and access to backyard. Currently setup as a convenience store (Rent: $6, 000/mo VOT). Second floor features a 2 bedroom/1 bath front unit in average condition (Rent: $1, 750 MTM) and a 2 bedroom/1 bath rear unit in original condition (Rent: $1, 790 MTM). Both residential tenants are in good standing and pay on time every month. Building also features a fully finished basement and is located right on 31st Ave which is a busy thoroughfare in the area. 2 blocks from Northern Blvd, 1 block from Astoria Blvd. Interest rates are coming down, ensure a solid return with this 7.5% cap rate in a prime area of Northwest Queens. Ideal for 1031 exchange, business owner, and/or income investor. Take advantage of this great opportunity! 23
    96-12 31st Avenue , NY 11369
    $1,249,000
    Sq. Ft. 3592.00:#
    Mixed Use Commercial ML# 3579685
    All brick mixed use corner property with low taxes and low maintenance costs in East Elmhurst, Queens. Building features a large storefront on first floor (delivered vacant) and 2 two bedroom residential apartments on the second floor. Store is a generous 1216 sq ft with two bathrooms, roughed out commercial kitchen, access to basement and access to backyard. Currently setup as a convenience store (Rent: $6, 000/mo VOT). Second floor features a 2 bedroom/1 bath front unit in average condition (Rent: $1, 750 MTM) and a 2 bedroom/1 bath rear unit in original condition (Rent: $1, 790 MTM). Both residential tenants are in good standing and pay on time every month. Building also features a fully finished basement and is located right on 31st Ave which is a busy thoroughfare in the area. 2 blocks from Northern Blvd, 1 block from Astoria Blvd. Interest rates are coming down, ensure a solid return with this 7.5% cap rate in a prime area of Northwest Queens. Ideal for 1031 exchange, business owner, and/or income investor. Take advantage of this great opportunity!
    Presented By: Keller Williams Landmark II  347-846-1200
    Call Today: 631-650-9933, or  Email: Michael J Watts & Assoc Inc
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OneKey™ MLS The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than Michael J Watts & Associates Inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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Suffolk - 631.650.9933   |   Nassau - 516.249.8265

524 Main Street, Islip NY 11751

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