23-58 80th Street, East Elmhurst, NY 11370

• 3 beds |
• 3 baths |
• 1,365 sqft

Property Description

This two-family home in East Elmhurst is a fantastic investment opportunity with significant earning potential. Here’s a detailed breakdown of its features and benefits: ### Investment Highlights - **Cap Rate**: 8% - **Projected Annual Income**: Approximately $140,000 - **Additional Income**: Large parking lot potential for renting space for boats and jet skis, alongside car parking ### Property Overview - **Location**: Prime East Elmhurst, with unobstructed views extending to Grand Central - **Type**: Legally permitted two-family, all-brick corner property - **Built**: 2006 - **Stories**: Three above ground plus a basement - **Renovation**: Newly renovated with high ceilings and hardwood floors ### Unit Configuration - **Total Bedrooms**: 3 - **Total Bathrooms**: 4 - **First Floor**: - 1 bedroom - 1 bathroom - Kitchen and living room - **Second & Third Floors**: - Each with 2 bedrooms - Each with 2 bathrooms - Kitchen and living room - **Basement**: - Separate entrance - Storage room - 1 bathroom ### Additional Features - **Outdoor Space**: Sitting area available for barbecues - **Parking**: - Multiple spaces for 4-5 cars - Potential for additional income from renting space for boats and jet skis - **Zoning**: R4 - **Property Taxes**: Low at $8,882 ### Location Benefits - **Proximity to Transportation**: - Just a 2-minute walk to bus stops (Q19, Q69, Q33, Q47) - Convenient access for Manhattan commuters - **Nearby Amenities**: - Supermarkets, banks, restaurants, and other essential services are within easy reach ### Ideal Use Cases - **Investors**: Strong income potential with high demand for rentals in the area - **Owner-Occupants**: Comfortable living space with options for rental income This property combines modern amenities with a prime location, making it a great option for both investors and future homeowners.

Listing Status:

Active

Data Last Updated:

June 25, 2026 at 7:22AM

Listing Office:

E Realty International Corp : 718-886-8110

MLS ID:

1017177

Interior

• General: Other
• Basement: FinishedFull
• A/C: None
• Heating: BaseboardOther

Exterior

• Parking: DrivewayParking spaces: 4

Location

• Originating MLS: onekey2
• School District: Queens 30
• County: Queens

Lot

• Zoning: 01032-0062

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2