Marilyn Hagemann - John J Lease Realtors Logo
$1,435,000
( $355.90Per Sq Foot )
 $7,703 est/mo Sourced by Back At You

81-38 Baxter Avenue,Elmhurst, NY 11373

Elmhurst, NY 11373

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Description

Calling All Investors, Developers, & End-Users!!! 12.78 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.; Lease Exp.: 2/21/27. 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. (12.78% Cap!!!)

Details

MLS #953323
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1917
Days On Site265
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet4,032
Story(s)3
Units7
Building(s)1
ZoningR7BC1-3
Acreage0.05

Interior

CoolingNone
HeatingNatural Gas

Exterior

Construction MaterialsFrame

Parking

Parking FeaturesOn Street

Utilities

UtilitiesNatural Gas Available
SewerPublic Sewer

Taxes

Tax Year2025
Tax Annual Amount37676
Tax Lot7

Area Information

StateNY
CountyQueens
CityElmhurst
Zip Code11373
Listing VS Median (in 11373)
Price:
$1,435,000
low | high
Med:
$554,000
100% of Average
sqft:
4,032
low | high
Med:
857
100% of Average
$ / sqft:
$356
low | high
Med:
$659
35.051847069264% of Average
On site:
265
low | high
Med:
488
54.303278688525% of Average
Sourced by Back At You

Market Activity 11373

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Learn More About This Property

Marilyn Hagemann

Marilyn Hagemann

John J Lease REALTORS

 (845) 541-8479marilynhagemann@johnjleaserealtors.com
StateNY
CountyQueens
CityElmhurst
Zip Code11373
Listing VS Median (in 11373)
Price:
$1,435,000
low | high
Med:
$554,000
100% of Average
sqft:
4,032
low | high
Med:
857
100% of Average
$ / sqft:
$356
low | high
Med:
$659
35.051847069264% of Average
On site:
265
low | high
Med:
488
54.303278688525% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.76M - $1.793M
sqft: 3,000 - 5,000
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Listing Updated: September 28, 2026 at 9:55:04 PM PDT

Marilyn Hagemann - John J Lease Realtors