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4014 83rd St
Elmhurst, NY 11373
3-Unit Mixed-Use Building | Delivered Vacant · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Delivered Vacant - Prime Value-Add Opportunity
- Steps from Roosevelt Avenue Retail Corridor
- Excellent Transit Connectivity
- 1,000+ SF 3-Bedroom Apartments
- Tax-Class Protected (Tax Class 2A / $14,055)
Executive Summary
Located in the heart of Jackson Heights, Queens, 40-14 83rd Street offers investors a compelling value-add opportunity in one of New York City’s most vibrant submarkets. This three-story mixed-use property features two large three-bedroom residential units above a prime ground-floor retail space, comprising approximately 3,726 SF on a 2,000 SF lot. Delivered vacant and tax-class protected (Tax Class 2A), the property benefits from stable long-term tax liability with an annual levy of $14,055, ensuring predictable ownership costs.
Positioned steps from Roosevelt Avenue and the bustling Roosevelt-Jackson Heights transit hub, the building enjoys unparalleled connectivity with immediate access to the 7 train and close proximity to the E, F, M, R, N, and W lines. Midtown Manhattan is just minutes away, making this one of the most accessible mixed-use addresses in Queens. The surrounding corridor features heavy pedestrian traffic and strong commercial demand, further enhancing the potential upside for retail repositioning.
This is a rare chance to acquire a vacant mixed-use asset in a gateway neighborhood, offering investors the ability to capitalize on the neighborhood’s dense residential base, diverse retail, and seamless transportation access.
Positioned steps from Roosevelt Avenue and the bustling Roosevelt-Jackson Heights transit hub, the building enjoys unparalleled connectivity with immediate access to the 7 train and close proximity to the E, F, M, R, N, and W lines. Midtown Manhattan is just minutes away, making this one of the most accessible mixed-use addresses in Queens. The surrounding corridor features heavy pedestrian traffic and strong commercial demand, further enhancing the potential upside for retail repositioning.
This is a rare chance to acquire a vacant mixed-use asset in a gateway neighborhood, offering investors the ability to capitalize on the neighborhood’s dense residential base, diverse retail, and seamless transportation access.
Property Facts
| Price Per Unit | $1,219,400 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Sale Condition | High Vacancy Property | Building Size | 3,726 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6 - R6 is a medium-density residential zoning district. | ||
| Price Per Unit | $1,219,400 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,726 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | R6 - R6 is a medium-density residential zoning district. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 832 |
Property Taxes
| Parcel Number | 01493-0013 | Improvements Assessment | $99,781 CAD |
| Land Assessment | $60,658 CAD | Total Assessment | $160,439 CAD |
Property Taxes
Parcel Number
01493-0013
Land Assessment
$60,658 CAD
Improvements Assessment
$99,781 CAD
Total Assessment
$160,439 CAD
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