8834 54th Avenue, Elmhurst, NY 11373

• 5,526 sqft

Property Description

Excellent investment opportunity in the heart of Elmhurst! Legal 7-family residential building located at 88-34 54th Ave, built in 2020 and well maintained. This income-producing property features approximately 5,526 SF of building area on a 25 x 100 lot, with 4 stories plus basement and separate entrances, offering a practical and efficient multi-unit layout. The property includes 7 residential units, 8 electric meters, and 7 gas meters. Each unit is equipped with modern finishes, including hardwood floors, marble countertops, individual wall-mounted heating systems, and gas stoves. Current projected full-rent gross income is approximately $20,850/month, or up to approximately $250,200/year, offering strong income potential. Low annual property tax of approximately $2,496 with tax abatement benefits. Conveniently located in central Elmhurst near supermarkets, restaurants, shopping, schools, and public transportation, with easy access to the M/R subway lines and surrounding Queens neighborhoods. A rare legal 7-family building with low taxes, strong rental potential, and prime Elmhurst location. Buyer to verify all income, expenses, taxes, leases, and property information independently.

Listing Status:

Active

Data Last Updated:

August 10, 2026 at 9:21PM

Listing Office:

Chase Global Realty Corp : 718-355-8788

MLS ID:

1036263

Interior

• A/C: Wall/Window Unit(s)
• Heating: Baseboard

Exterior

• Parking: None

Location

• Originating MLS: onekey2
• School District: Queens24
• County: Queens

Lot

• Zoning: R6B01840-0013

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2