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86-20 57th Rd 5 Unit Apartment Building $2,480,695 CAD ($496,139 CAD/Unit) 7% Cap Rate Elmhurst, NY 11373
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers, & End-Users!!! 5 Unit Free Market Apartment Building In Elmhurst For Sale!!!
- The Property Is Located In The Heart Of Elmhurst 2 Blocks Off Queens Blvd. Near The I-495 Woodhaven Blvd. Exit!!!
- The Property Is Situated Minutes From Queens Center & Rego Center!!!
- The Property Features Excellent Signage, Great Exposure, R5 Zoning, High 8’ Ceilings, Full Basement, Private Driveway & Garage, 6 Parking Spaces, +++!
- Neighbors Include Apple, Starbucks, Verizon, USPS, Target, Costco, Petco, Best Buy, Victoria’s Secret, Walgreens, Adidas, Marshalls, Shake Shack, Burl
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers, & End-Users!!! 5 Unit Free Market Apartment Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R5 Zoning, High 8’ Ceilings, Full Basement, Private Driveway & Garage, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Elmhurst 2 Blocks Off Queens Blvd. Near The I-495 Woodhaven Blvd. Exit!!! The Property Is Situated Minutes From Queens Center & Rego Center!!! Neighbors Include Apple, Starbucks, Verizon, USPS, Target, Costco, Petco, Best Buy, Victoria’s Secret, Walgreens, Adidas, Marshalls, Shake Shack, Burlington, White Castle, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
1st Floor
Studio: $18,000 Ann.; M-M.
1 Br. Apt.: $24,000 Ann.; M-M.
2nd Floor
4 Br., 2 Bath Apt.: $54,000 Ann. (Available)
3rd Floor
Front (1 Br. Apt.): $22,800 Ann.; M-M.
Rear (1 Br. Apt.): $21,000 Ann.; M-M.
LL Unit.(1 Br. Apt.): $19,200 Ann.; M-M.
Garage: $8,500 Ann. (Available)
Pro Forma Gross Income: $167,500 Ann.
Expenses:
Gas: $3,200 Ann.
Electric: $1,400 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $2,800 Ann
Insurance: $3,263 Ann.
Taxes: $30,618 Ann.
Total Expenses: $41,531 Ann.
Net Operating Income (NOI): $125,969 Ann. (Pro Forma 7 Cap!!!)
Income:
1st Floor
Studio: $18,000 Ann.; M-M.
1 Br. Apt.: $24,000 Ann.; M-M.
2nd Floor
4 Br., 2 Bath Apt.: $54,000 Ann. (Available)
3rd Floor
Front (1 Br. Apt.): $22,800 Ann.; M-M.
Rear (1 Br. Apt.): $21,000 Ann.; M-M.
LL Unit.(1 Br. Apt.): $19,200 Ann.; M-M.
Garage: $8,500 Ann. (Available)
Pro Forma Gross Income: $167,500 Ann.
Expenses:
Gas: $3,200 Ann.
Electric: $1,400 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $2,800 Ann
Insurance: $3,263 Ann.
Taxes: $30,618 Ann.
Total Expenses: $41,531 Ann.
Net Operating Income (NOI): $125,969 Ann. (Pro Forma 7 Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$230,971
|
$47.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$230,971
|
$47.72
|
| Taxes |
$42,220
|
$8.72
|
| Operating Expenses |
$15,048
|
$3.11
|
| Total Expenses |
$57,268
|
$11.83
|
| Net Operating Income |
$173,702
|
$35.89
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $230,971 |
| Annual Per SF | $47.72 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $230,971 |
| Annual Per SF | $47.72 |
| Taxes (CAD) | |
|---|---|
| Annual | $42,220 |
| Annual Per SF | $8.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,048 |
| Annual Per SF | $3.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,268 |
| Annual Per SF | $11.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $173,702 |
| Annual Per SF | $35.89 |
PROPERTY FACTS
| Price | $2,480,695 CAD | Building Class | C |
| Price Per Unit | $496,139 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,840 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - 21.42x 100 lot | ||
| Price | $2,480,695 CAD |
| Price Per Unit | $496,139 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,840 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | R5 - 21.42x 100 lot |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Hardwood Floors
- Stainless Steel Appliances
- Yard
- Basement
- Double Pane Windows
- Garden
SITE AMENITIES
- 24 Hour Access
- Security System
- Bicycle Storage
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+1 | 1 | - | - |
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 02871-0113 | Total Assessment | $369,536 CAD |
| Land Assessment | $6,109 CAD | Annual Taxes | $42,220 CAD ($8.72 CAD/SF) |
| Improvements Assessment | $363,427 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
02871-0113
Land Assessment
$6,109 CAD
Improvements Assessment
$363,427 CAD
Total Assessment
$369,536 CAD
Annual Taxes
$42,220 CAD ($8.72 CAD/SF)
Tax Year
2025
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86-20 57th Rd
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