81-38 Baxter Avenue, Elmhurst, NY 11373

• 4,032 sqft

Property Description

Calling All Investors, Developers, & End-Users!!! 8.89 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, 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: $54,000 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Been Here 20+ Years So Far. Hair Salon: $42,000 Ann.; 3 Year Lease. Apt. A (1 Br.): $24,000 Ann. Apt. B (1 Br.): $24,000 Ann. Apt. C (1 Br.): $24,000 Ann. Apt. D (1 Br.): $24,600 Ann. Apt. E (1 Br.): $24,000 Ann. Tax Rebate (Paid By The Store): $18,500 Ann. Gross Income: $235,100 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): $191,030.80 Ann. (8.89% Cap!!!)

Listing Status:

Active

Data Last Updated:

February 8, 2026 at 5:21AM

Listing Office:

All Island Estates Realty Corp : 516-783-5600

MLS ID:

953323

Interior

• A/C: None
• Heating: Natural Gas

Exterior

• Parking: On StreetParking spaces: 6

Location

• Originating MLS: onekey2
• County: Queens

Lot

• Zoning: R7BC1-301506-0007

Utilities

• Utilities: Natural Gas Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2