85-25 56th Avenue, Elmhurst, NY 11373

Elmhurst
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
85-25 56th Avenue,Elmhurst, NY 11373
$1,599,000
  • 6 Beds
  • 3 Baths
  • 3,006 sq. ft.
  • Multi-family
  • Active
Listed by: derek j. greene
Office: greene realty group
MLS#:1048630
Source:OneKey MLS

Price summary

  • Price:$1,599,000
  • Price per sq. ft.:$531.94

About this home

Discover a premier investment or ultimate live-with-income residence in the heart of Elmhurst, Queens. Sited on a 25x100 lot, this detached multi-family property will be delivered 100% vacant at closing, allowing you to set premium market rents from day one. The building generates a proven gross annual rental income of $102,000, representing a solid 5.07% Capitalization Rate in a completely free-market, non-rent-stabilized environment. The property underwent a high-end architectural gut renovation in 2008, fully replacing all underlying infrastructure—including modernized electrical wiring, updated plumbing networks, and rich hardwood floors. Fully separate utility meters for the first and second floors drastically minimize landlord oversight and protect operating margins. Intelligent Multi-Level Layout: The home features a main secure entryway that opens into a private interior vestibule, providing dedicated, separate locked entrances to each of the three independent...

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Home facts

  • Year built:1915
  • Listing ID #:1048630
  • Added:59 day(s) ago
  • Updated:November 09, 2026 at 12:17 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Hardwood
  • Basement:Yes
  • Basement Description:Finished, Full, Walk-Out Access
  • Living area:3,006 sq. ft.

Heating and cooling

  • Heating:Baseboard, ENERGY STAR Qualified Equipment, Natural Gas

Structure and exterior

  • Year built:1915
  • Building area:3,006 sq. ft.
  • Lot area:0.06 Acres
  • Lot Features:Near Public Transit, Paved
  • Architectural Style:Colonial
  • Construction Materials:Stucco

Schools

  • High school:Newtown High School
  • Middle school:Is 73 Frank Sansivieri Intermediate School (The)
  • Elementary school:Ps 102 Bayview

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,599,000
  • Price per sq. ft.:$531.94
  • Tax amount:$6,973 (2025)

Features and amenities

  • Amenities:Granite Counters, High Ceilings

Parking

  • Total parking spaces:2
  • Parking description:Shared Driveway
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