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Day Care Center & Apartment Building in Elmhurst, NY

$4,250,000

5725 Van Horn Street, Elmhurst, NY 11373

Active
Last Updated: 04/30/2025

6.16

Cap Rate

262,008

NOI

Details:
Cap Rate:    6.16%
NOI:    $262,008
Building Size:    16,540 sqft
Lot Area:    5,227 sqft
Occupancy:    100%
Class:    C
Units:    21
Lease Type:    Modified Gross
Year Built:    1988
Price Per Sqft:    $256.95
Zoning:    R5
Tenancy:    Multiple
Gross Leaseable Area:    16,540
Number of Elevators:    1
Investment Strategy:    Opportunistic
Highlights:
  • For Sale: Day Care Center and Apartment Building in Elmhurst, NY
  • Apartment Building is 6 Stories Tall with Elevator Access
  • Apartment Building is 100% Electric - Everyone has Their Own Meter
  • Apartments are Free Market - No Rent Controls or Stabilization
  • Day Care Center was Just Given a 12-Month Lease Extension
  • Located Within Walking Distance to the Woodhaven Blvd Subway Station
  • Situated Just North of the Long Island Expy
  • Located Close to Other Schools, the Queens Center shopping center, and Many Other Residential Spaces
Description:

American Investment Properties is retained to sell the property located at 5725 Van Horn St & 86-02 57th Ave in Elmhurst, NY. At this location is a day care center and a 20-unit apartment building.
The apartment building is 100% electric and has elevator access. This property is located close to other schools, the Queens Center shopping center, and many other residential spaces.

Map:
Documents:
Title
Elmhurst__5725_Van_Horn_St___86-02_57th_Ave__Offering_Memorandum_.pdf
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