$1,599,000
Active
1 days on market
85-25 56th Ave
📍 Elmhurst, Elmhurst, NY 11373
6.0
Beds
3.0
Baths
3,006
Sqft
$532
Per sqft
1915
Year built
Land
Type
About this property
Turnkey Live-and-Earn Masterpiece in Prime Elmhurst – Delivered Vacant, ~3,000 SQFT. Discover a premier investment or ultimate live-with-income residence in the heart of Elmhurst, Queens. Sited on a 25x100 lot, this detached multi-family property will be delivered 100% vacant at closing, allowing you to set premium market rents from day one. The building generates a proven gross annual rental income of $102,000, representing a solid 5.07% Capitalization Rate in a completely free-market, non-rent stabilized environment. The property underwent a high-end architectural gut renovation in 2008, fully replacing all underlying infrastructure—including modernized electrical wiring, upda
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Amenities & features
Key facts
Rich hardwood floors
2,500 sq ft lot
2 parking spots
Property details
Property typeLand
Listing statusActive
Lot size2,500 sqft
Year built1915
Days on market1 days
MLS #1048630
Estimated monthly payment
Listing price$1,599,000
Down payment (20%)$319,800
Loan amount$1,279,200
Principal & interest (7%, 30yr)$8,510/mo
Property tax (est.)$1,555/mo
Home insurance (est.)$666/mo
Estimated total$10,731/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.
