83-17 Broadway
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83-17 Broadway
9,200 SF 100% Leased Retail Building Elmhurst, NY 11373 $6,950,000 ($755.43/SF) 4.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Built 2006
- 2 Blocks to Subway
- Totally Free of NYC Repair Regulations since the building is only 18 years old
- Mint Condition
- Near All conveniences
EXECUTIVE SUMMARY
Prime Elmhurst location For Sale:
83-17 Broadway, Elmhurst, NY, 11373 (btw: Cornish and Dongan Ave)
$6,950,000
Property Video: https://www.youtube.com/watch?v=H1KvzVjOADw
* Description: A Prime Elmhurst location 18 year old 16,800 Sq.Ft. 5 Story 12 Family, with a 300 person 8,000 SF multi-level restaurant situated in an ultra busy and heavy pedestrian neighborhood. Building is very well constructed and well maintained.
* 250,000 populations within 1.5 miles
* Only 2 blocks to Elmhurst Ave train
* High Income. Easy to rent location
* 3 blocks to Queens Blvd
* 20 minutes to Manhattan
* Near every major convenience
For an appointments contact REMAX TEAM:
Victor Weinberger: 917-806-7040 (VWremax@gmaill.com) or
Hyan (Regina) Lee: 917-972-1890 (HLee2@remax.net
83-17 Broadway, Elmhurst, NY, 11373 (btw: Cornish and Dongan Ave)
$6,950,000
Property Video: https://www.youtube.com/watch?v=H1KvzVjOADw
* Description: A Prime Elmhurst location 18 year old 16,800 Sq.Ft. 5 Story 12 Family, with a 300 person 8,000 SF multi-level restaurant situated in an ultra busy and heavy pedestrian neighborhood. Building is very well constructed and well maintained.
* 250,000 populations within 1.5 miles
* Only 2 blocks to Elmhurst Ave train
* High Income. Easy to rent location
* 3 blocks to Queens Blvd
* 20 minutes to Manhattan
* Near every major convenience
For an appointments contact REMAX TEAM:
Victor Weinberger: 917-806-7040 (VWremax@gmaill.com) or
Hyan (Regina) Lee: 917-972-1890 (HLee2@remax.net
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$315,365
|
$34.28
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $315,365 |
| Annual Per SF | $34.28 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,200 SF
Building Class
C
Year Built
2006
Price
$6,950,000
Price Per SF
$755.43
Cap Rate
4.54%
NOI
$315,365
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
2.11
Lot Size
0.10 AC
Zoning
R7A - Mixed use
Frontage
41’ on Broadway
AMENITIES
- Tenant Controlled HVAC
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Nangma Restaurant & Bar
- Accommodation and Food Services
- 8,000 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Nangma Restaurant & Bar | Accommodation and Food Services | 8,000 SF | - | - |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
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83-17 Broadway
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