Dan Smalley
Licensed Real Estate Salesperson
REALTOR®
BEDS0
BATHS
MLS#973516
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Prime Mixed-Use Corner Property in the heart of East Elmhurst! This well-maintained building offers an excellent investment opportunity with two residential units and two commercial storefronts. The property sits on a corner lot with great visibility and heavy foot and vehicle traffic. Lot size: approx. 2,040 SF Building size: 20 x 80 Commercial Units (1st Floor): Front Store: Established laundromat with brand new machines installed in 2024, featuring 18 washers and 18 dryers. Stable and proven business-ideal for an owner-operator or investor seeking immediate cash flow. Rear Store: Barbershop with a long-term tenant and stable rent. Residential Units (2nd Floor): Front Unit: 3 bedrooms, 1 bathroom Rear Unit: 2 bedrooms, 1 bathroom Both apartments are well laid out and in good condition with strong rental demand. The property is in excellent condition and offers multiple income streams, making it ideal for investors or buyers looking to operate the laundromat business while collecting rental income. High income potential - turnkey investment opportunity.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Electric
Heating: Baseboard, Other
Taxes: $17,075
Year Built: 1920
Amenities
Other
Feature Descriptions
Cap Rate: 11360
Days on Site: 10
Exterior: Brick
On Market Date: 2026-03-18
Parcel Number: 01424-0005
Parking Features: None
Rental Term: Monthly
Sewer: Public Sewer
Units: 2
Utilities: See Remarks
Water: Other
Estimate Your Payment
Estimated Payment
$ 15,221.30 per month $13,045.88 Principal & Interest $1,422.92 Property Tax $752.50 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Royalux Realty LLC
Agency Contact: 646-358-2669
Shown By
Agent Name: Dan Smalley
Agent Phone: Cell: (631) 469-8957
Agency Title: Coldwell Banker American Homes
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3201 Junction | MLS# 973516
This multi-family property located at 3201 Junction, East Elmhurst, NY 11369 is currently listed for sale with an asking price of $2,580,000. Search East Elmhurst real estate on www.dansmalleyrealtor.com today.