81-38 Baxter Avenue, New York, NY, 11373
$1,600,000
$2,150,000
activeLot Size
1,987 sqft
Year Built
1917
Stories
3
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Calling All Investors, Developers, & End-Users!!! 11.46 Cap 7 Unit 4,000+ Sqft. Mixed-Use Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R7B/C1-3 Zoning, High 8’ Ceilings, 2 Stores, (5) 1 Br. Apartments, Basement, 6 Parking Spaces, Separate Meters, Large Rear Yard, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmhurst 1 Block From Roosevelt Ave. & Just Minutes From Both I-278 & Queens Blvd.!!! The Property Has 20’ Of Frontage On Baxter Avenue!!! Neighbors Include Starbucks, Nissan, Mazda, TD Bank, Bolla Fuels, Shake Shack, PureGym, CVS, Dunkin, McDonald’s, Chick-fil-A, Wendy’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Jeweler: $58,200 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Been Here 20+ Years So Far. Hair Salon: $26,400 Ann.; 3 Year Lease. Apt. 1R (1 Br.): $26,328 Ann. Apt. 2R (1 Br.): $23,448 Ann. Apt. 2F (1 Br.): $24,660 Ann. Apt. 3R (1 Br.): $24,720 Ann. Apt. 3F (1 Br.): $25,200 Ann. Tax Rebate (Paid By The Store): $18,500 Ann. Gross Income: $227,456 Ann. Expenses: Gas: $0 Ann. Electric: $720 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $2,000 Ann Insurance: $3,423 Ann. Taxes: $37,676.20 Ann. Total Expenses: $44,069.20 Ann. Net Operating Income (NOI): $183,386.80 Ann. (11.46% Cap!!!)
Listed by Richard Matt Shane, All Island Estates Realty Corp
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of May 11, 2026, 4:06 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Copyright concerns? See our DMCA notice.
Fill out the form below and an agent will get back to you.