Cash-flowing Portfolio in a Premier Location

$4,500,000

81-06 Baxter Avenue, Elmhurst, NY 11373

For Sale

Office Condo

Active

Last Updated: 10/19/2026

Cap Rate: 7.4%

NOI: $332,549

Building Size: 6,776 sqft

Price Per Sqft: $664

100% Leased Turnkey Asset: 81 feet of retail frontage along Baxter Avenue
8 commercial Condominium Units: Spanning 6,776 SF across three stable tenant groups
Benefits From 11 Remaining Years: Of a 25-year ICAP tax abatement, providing an attractive net present value boost and strong initial returns
Ideal for local operators: Property management firms, and 1031 buyers seeking high-yielding, low-maintenance commercial space with immediate, stabilized cash flow
Situated directly opposite of NYC Health: + Hospitals/Elmhurst in a high-density, heavily trafficked commercial corridor
Minutes from E, F, M, and R train lines: Key bus routes (Q33, Q49, Q70-SBS), and LaGuardia Airport
Situated steps from vibrant commercial corridors: Offering a rich array of restaurants, nightlife, banking, and daily retail conveniences

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