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8313 Broadway
Elmhurst, NY 11373
Retail Property For Sale
Executive Summary
A two-story, 2,576 SF mixed-use property located in Elmhurst, Queens. Featuring stable commercial cash flow from a long-term restaurant tenant and two 100% free-market residential units currently vacant, this offering presents an immediate value-add opportunity with substantial upside in one of New York City's most sought-after submarkets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,576 SF
Building Class
C
Year Built
1931
Price
$2,551,039 CAD
Price Per SF
$990.31 CAD
Cap Rate
6.96%
NOI
$177,552 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.03 AC
Zoning
R7A - Medium-density apartment house district with lower parking requirements
Frontage
20’ on Broadway
Property Taxes
| Parcel Number | 01580-0009 | Improvements Assessment | $59,223 CAD |
| Land Assessment | $14,264 CAD | Total Assessment | $73,486 CAD |
Property Taxes
Parcel Number
01580-0009
Land Assessment
$14,264 CAD
Improvements Assessment
$59,223 CAD
Total Assessment
$73,486 CAD
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