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3201 Junction, East Elmhurst, NY 11369

$2,580,000

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New to the Market

MLS#973516

STATUSActive PROPERTY TYPEMulti Unit - Multiple

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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.

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.laffey.com today.

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: 2

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

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55 Northern Blvd
Greenvale, NY 11548

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3201 Junction, East Elmhurst, NY 11369

Property Description

3201 Junction | MLS# 973516

Property Features

Amenities

Feature Descriptions

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3201 Junction, East Elmhurst, NY 11369

3201 Junction, East Elmhurst, NY 11369

Property Description

3201 Junction | MLS# 973516

Property Features

Amenities

Feature Descriptions

TOUR THIS HOME

Estimate Your Payment

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3201 Junction, East Elmhurst, NY 11369

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