23-58 80th Street,East Elmhurst, NY 11370
East Elmhurst, NY 11370
Description
This two-family home in East Elmhurst is a fantastic investment opportunity with significant earning potential. Here's a detailed breakdown of its features and benefits: Investment Highlights - **Cap Rate**: 8% - **Projected Annual Income**: Approximately $140,000 - **Additional Income**: Large parking lot potential for renting space for boats and jet skis, alongside car parking Property Overview - **Location**: Prime East Elmhurst, with unobstructed views extending to Grand Central - **Type**: Legally permitted two-family, all-brick corner property - **Built**: 2006 - **Stories**: Three above ground plus a basement - **Renovation**: Newly renovated with high ceilings and hardwood floors Unit Configuration - **Total Bedrooms**: 3 - **Total Bathrooms**: 4 - **First Floor**: - 1 bedroom - 1 bathroom - Kitchen and living room - **Second & Third Floors**: - Each with 2 bedrooms - Each with 2 bathrooms - Kitchen and living room - **Basement**: - Separate entrance - Storage room - 1 bathroom Additional Features - **Outdoor Space**: Sitting area available for barbecues - **Parking**: - Multiple spaces for 4-5 cars - Potential for additional income from renting space for boats and jet skis - **Zoning**: R4 - **Property Taxes**: Low at $8,882 Location Benefits - **Proximity to Transportation**: - Just a 2-minute walk to bus stops (Q19, Q69, Q33, Q47) - Convenient access for Manhattan commuters - **Nearby Amenities**: - Supermarkets, banks, restaurants, and other essential services are within easy reach Ideal Use Cases - **Investors**: Strong income potential with high demand for rentals in the area - **Owner-Occupants**: Comfortable living space with options for rental income This property combines modern amenities with a prime location, making it a great option for both investors and future homeowners.
Details
| MLS # | 1017177 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2006 |
| Days On Site | 81 |
| Listing Provided By | E Realty International Corp | Yanan Eill |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,365 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.03 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard, Other |
| Interior Features | Other |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 8882 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | East Elmhurst |
| Zip Code | 11370 |
| School District | William Cullen Bryant High Schoo |
| Elementary School | Ps 2 Alfred Zimberg |
| High School | William Cullen Bryant High Schoo |
| Listing VS Median (in 11370) | |
Price: $1,048,000 low | high Med: $1,100,000 sqft: 1,365 low | high Med: 1,548 $ / sqft: $768 low | high Med: $711 On site: 81 low | high Med: 8 | |
Market Activity 11370
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | East Elmhurst |
| Zip Code | 11370 |
| School District | William Cullen Bryant High Schoo |
| Elementary School | Ps 2 Alfred Zimberg |
| High School | William Cullen Bryant High Schoo |
| Listing VS Median (in 11370) | |
Price: $1,048,000 low | high Med: $1,100,000 sqft: 1,365 low | high Med: 1,548 $ / sqft: $768 low | high Med: $711 On site: 81 low | high Med: 8 | |
