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!
Active
$1,900,000
91-16 43rd Ave #1A, Elmhurst, NY 11373
8beds
6,294sqft
Multi Family
Built in 2002
-- sqft lot
$-- Zestimate®
$302/sqft
$-- HOA
What's special
- 62 days
- on Zillow |
- 197 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: June 11, 2025 at 11:32am
Listing by:
Douglas Elliman 914-661-6005,
Bruce Friedberg
Source: StreetEasy,MLS#: S1775869
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Interior area
- Total structure area: 6,294
- Total interior livable area: 6,294 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 2002
Community & HOA
Community
- Subdivision: Elmhurst
HOA
- Services included: Maintenance
Location
- Region: Elmhurst
Financial & listing details
- Price per square foot: $302/sqft
- Date on market: 6/11/2025
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