104-50 48th Ave

Elmhurst, Queens | 104th Street & 108th Street

4,170 Square FeetMulti-Family

$1,675,000 $1,695,000

floors / apts3 / 5

Lot Size25'x100'

ZoneR5

Building TypeLow-Rise

RE Taxes$23,951

Price Per SF

$402

Building Amenities

Voice Intercom

Property Description for 104-50 48th Ave

Introducing 104-50 48th Avenue in prime Corona / Flushing Queens. A fully FREE MARKET 5 family this property is a turn key investors dream. One 4BR apartment + Four 2BR + two very large finished studios in the basement. There are two parking spots out front bringing in additional income. The rent roll is $171,960 monthly and the expenses are $34,708 giving this a NOI of $137,252. The Cap Rate at 1.7m is at 8.112% Both basement units and one apartment will be delivered vacant

Listing History for 104-50 48th Ave

Now

09/22/2023

TOM by Yaniv Grinberg

Oxford Property Group

09/21/2023

$1,675,000 [-$20,000] [1.2%]

Price Drop by Yaniv Grinberg

Oxford Property Group

Building Details for 104-50 48th Ave

OwnershipMulti-Family

Building TypeLow-Rise

Service LevelVoice Intercom

AgePost-War

AccessWalk-up

Year Built1988

Floors/Apts3/5

Learn More About the Building

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.

OLR ID: 92566TH

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