91-16 43rd Avenue

Elmhurst   |   91st Place & Gleane Street

91-16 43rd Avenue Elmhurst Queens NY 11373
Building For Sale
$ 1,950,000
Ownership Income Property
Lot Size 25'x100'
Floors/Apts 4/7
Status Active
Real Estate Taxes [Per Annum] $ 20,914
Building Type Low-Rise
Building Size 25'x54'
Year Built 2002
Listing ID: 100069TH
Jason Bauer

Jason Bauer

License

Manager, Licensed Associate Real Estate Broker

Request More Information

Property Description

Elmhurst Investment Opportunity - 7.3 Cap Rate!

Built in 2002, this well-maintained 4-story, 7-unit multifamily building with 1 commercial space offers a high-yield 7.3 cap rate in the heart of Elmhurst, Queens. Spanning 6,300 SF, the 25 ft x 54 ft building sits on a 25 ft x 100 ft lot and benefits from a 421a tax abatement.

Fully 100% occupied, the property features separately metered electric and gas, with tenants covering their own utilities. Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and location make this an exceptional turn-key investment opportunity.

Don''''t miss out on this rare find- contact us today!

 

Elmhurst Investment Opportunity - 7.3 Cap Rate!

Built in 2002, this well-maintained 4-story, 7-unit multifamily building with 1 commercial space offers a high-yield 7.3 cap rate in the heart of Elmhurst, Queens. Spanning 6,300 SF, the 25 ft x 54 ft building sits on a 25 ft x 100 ft lot and benefits from a 421a tax abatement.

Fully 100% occupied, the property features separately metered electric and gas, with tenants covering their own utilities. Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and location make this an exceptional turn-key investment opportunity.

Don''''t miss out on this rare find- contact us today!

 


Listing Courtesy of Douglas Elliman Real Estate
Jason Bauer

Jason Bauer

License

Manager, Licensed Associate Real Estate Broker

Request More Information

Care to take a look at this property?

Apartment Features

A/C [Window Units]
91-16 43rd Avenue Elmhurst Queens NY 11373

Building Details [91-16 43rd Avenue]

Ownership Income Property
Access Walk-up
Block/Lot 1600/12
Building Size 25'x54'
Zoning R5
Building Type Low-Rise
Year Built 2002
Floors/Apts 4/7
Lot Size 25'x100'

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.