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Mixed-Use

40-14 83rd Street

40-14 83rd St, Elmhurst, NY 11373

Listing Price: $3,400,000

Cap Rate
5.90%
Number of Units
3
Occupancy
66.0%
Price/Unit
$1,133,333
Price/Gross SF
$944.44
Gross SF
3,600

Investment Overview

Marcus & Millichap is pleased to offer 40-14 83rd Street, an opportunity to acquire a fully free-market mixed-use asset in the heart of Elmhurst, Queens, one of the borough’s most densely populated and supply-constrained neighborhoods. 40-14 83rd Street consists of three total units spanning approximately 3,600 square feet, including two residential apartments and one commercial storefront.

Investment Highlights

  • 40-14 83rd Street, built in 1930, is comprised of 3 mixed-use units and sits on a 20' x 100' FT lot, approx 3600 SF.
  • 100% Free Market | Tax Class 2A | Zone: R6, C1-3
  • Situated in the vibrant Elmhurst neighborhood, the property benefits from heavy foot traffic, strong retail demand, and proximity to multiple subway lines.

Exclusively Listed By

Mixed-Use

40-14 83rd Street

Listing Price: $3,400,000

Cap Rate
5.90%
Number of Units
3
Occupancy
66.0%
Price/Unit
$1,133,333
Price/Gross SF
$944.44
Gross SF
3,600

Investment Highlights

  • 40-14 83rd Street, built in 1930, is comprised of 3 mixed-use units and sits on a 20' x 100' FT lot, approx 3600 SF.
  • 100% Free Market | Tax Class 2A | Zone: R6, C1-3
  • Situated in the vibrant Elmhurst neighborhood, the property benefits from heavy foot traffic, strong retail demand, and proximity to multiple subway lines.

Investment Overview

Marcus & Millichap is pleased to offer 40-14 83rd Street, an opportunity to acquire a fully free-market mixed-use asset in the heart of Elmhurst, Queens, one of the borough’s most densely populated and supply-constrained neighborhoods. 40-14 83rd Street consists of three total units spanning approximately 3,600 square feet, including two residential apartments and one commercial storefront.

Exclusively Listed By

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