81-38 Baxter AVE Elmhurst, NY 11373
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 953323
Rental Info No
Year Built 1917
Annual Tax Amount $37,676
Property Sub-Type Multi Family
Source onekey2
Property Description
Income:
Jeweler: $58,200 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Been Here 20+ Years So Far.
Hair Salon: $26,400 Ann.; Lease Exp.: 2/21/27.
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. (12.78% Cap!!!)
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street
Utilities Available Natural Gas Available
Total Parking Spaces 6
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.
Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.
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