Buy with Yoreevo
$1,817,625
List Price: $1,850,000
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81-38 Baxter Avenue
House in Elmhurst •  building info
studio • 1,987ft² $931 per ft²
Buy with Yoreevo

$1,817,625

List Price

$1,850,000

Key Details
Listed today
Last price change
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Estimated payment
$13,123/mo
Taxes
$3,140/mo
Maintenance
N/A
Description
Calling All Investors, Developers, & End-Users!!! 9.91 Cap 7 Unit 4,000+ Sqft. Mixed-Use Building In Elmhurst For Sale!!! The Property Features Excellent Signage, Great Exposure, R7B/C1-3 Zoning, High 8' Ceilings, 2 Stores, (5) 1 Br. Apartments, Basement, 6 Parking Spaces, Separate Meters, Large Rear Yard, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmhurst 1 Block From Roosevelt Ave. & Just Minutes From Both I-278 & Queens Blvd.!!! The Property Has 20' Of Frontage On Baxter Avenue!!! Neighbors Include Starbucks, Nissan, Mazda, TD Bank, Bolla Fuels, Shake Shack, PureGym, CVS, Dunkin, McDonald's, Chick-fil-A, Wendy's, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Jeweler: $58,200 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Been Here 20+ Years So Far. Hair Salon: $26,400 Ann.; 3 Year Lease. Apt. 1R (1 Br.): $26,328 Ann. Apt. 2R (1 Br.): $23,448 Ann. Apt. 2F (1 Br.): $24,660 Ann. Apt. 3R (1 Br.): $24,720 Ann. Apt. 3F (1 Br.): $25,200 Ann. Tax Rebate (Paid By The Store): $18,500 Ann. Gross Income: $227,456 Ann. Expenses: Gas: $0 Ann. Electric: $720 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $2,000 Ann Insurance: $3,423 Ann. Taxes: $37,676.20 Ann. Total Expenses: $44,069.20 Ann. Net Operating Income (NOI): $183,386.80 Ann. (9.91% Cap!!!)

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,850,000
Asking Price: $1,850,000
Term
30 Years
Down Payment
$185,000 (10%)
Min: 10% (185,000)
Rate
6.0 %
Mortgage Amount
$1,665,000
Mortgage Payment
$9,983
Taxes
$3,140
Estimated Yoreevo rebate
$32,375
Estimated closing cost
$65,000
Total monthly cost $13,123
Buy your dream home with us and get an estimated $32,375 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of All Island Estates Realty Corp

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