83-17 Broadway 13 Unit Apartment Building $9,104,128 CAD ($700,318 CAD/Unit) 5.33% Cap Rate Elmhurst, NY 11373
INVESTMENT HIGHLIGHTS
- 13 units- 12 residential, 1 retail
- High Visibility
- Prime Elmhurst Location
- 1031 Exchange Opprtunity
EXECUTIVE SUMMARY
Located in the vibrant neighborhood of Elmhurst, NY, 8317 Broadway offers a rare investment opportunity. The property consists of twelve (12) residential units and a spacious multi-level retail/restaurant space, all situated on a 4,294-square-foot lot. Surrounded by an array of eateries, retail shops, and entertainment options, Elmhurst is renowned for its diverse community and exceptional transportation connections. It is an ideal location for businesses and residences. Investors will also benefit from the proximity to Queens Center Mall, Flushing Meadows Corona Park, and easy access to major highways and public transit hubs. This mixed-use, income-producing property presents a prime opportunity, particularly for those looking for a 1031 Exchange investment.
PROPERTY FACTS
| Price | $9,104,128 CAD |
| Price Per Unit | $700,318 CAD |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 16,850 SF |
| No. Stories | 5 |
| Year Built | 2006 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
ZONING
| Zoning Code | R7A (Mixed use Condo) |
