Updated a month ago
Off Market
91-16 43rd Ave
Elmhurst, Queens | 91st Place & Gleane Street
28 Rooms7 Beds7 BathsIncome Property
$1,875,000
floors / apts4 / 7
Lot Size25'x100'
Built Size25'x54'
ZoneR5
Building TypeLow-Rise
RE Taxes$20,914
Property Description for 91-16 43rd Ave
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!
Building Details for 91-16 43rd Ave
OwnershipIncome Property
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Year Built2002
Floors/Apts4/7
Transit and Citi Bike
Subway
90 St-Elmhurst Av
0.38 miles
Elmhurst Av
0.43 miles
Junction Blvd
0.46 miles
Grand Av-Newtown
0.47 miles
Citi Bike
Forley St & Lamont Ave
0.09 miles
Corona Ave & 92 St
0.1 miles
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: 100069TH
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