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    9025A Elmhurst Ave Jackson Heights, NY 11372

    Sponsored
    For Sale
    $3,600,000

    MULTI_FAMILY - Jackson Heights, NY

    Property size:
    5,360 SF
    Lot size:
    0.13 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 5 at 3:06 am

    Property Features for 9025A Elmhurst Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R5
    APN
    01478-0032
    Parking
    7
    Parking features
    Assigned, Parking Lot, Garage
    Fencing
    Perimeter, Fenced, Chain Link, Barbed Wire
    Appliances
    Gas Range, Refrigerator
    Size
    5,360 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s), Varies by Unit
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    3
    Number of units
    6
    Flooring type
    Combination
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    Kevin M. Leatherman ABR SFR C2EX A

    Leatherman Homes (516) 766-1400

    Listing agent Kevin M. Leatherman ABR SFR C2EX A (516) 984-1815

    Listing date Mar 3, 2026

    MLS# 964372

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Jackson Heights Multifamily Investment Opportunity

    Located in Jackson Heights, Queens, two semi-attached legal 3-family buildings are offered together. The properties feature a total of six rental units, with 10 bedrooms and 6 full baths. Each building provides 2,680 square feet and an efficient layout. The configuration is ideal for investors seeking stable rental income with strong tenant appeal. Each property has a spacious common lobby, boiler room access, and a one-bedroom, one-bath unit, along with a private garage on the first floor. The second and third floors each contain a two-bedroom, one-bath unit. The second-floor unit at one of the properties includes a large private deck with access to the yard. Property highlights include gas heat and hot water, lobbies that accommodate secure package delivery, secure fenced assigned parking, two private garages, a side area for organized garbage storage, and rear outdoor space for shared use. The properties have separate entrances and functional layouts. There are five assigned parking spaces. The location is close to shopping, dining, parks, and daily services along Elmhurst Avenue and nearby corridors. Transportation access is excellent, with the E, F, M, R, and 7 trains at Jackson Heights-Roosevelt Avenue/74th Street station, multiple bus routes, and quick access to major roadways, approximately 20 to 25 minutes to Midtown Manhattan. Both properties have surveillance cameras with NVRs installed in one of the garages and are registered with HPD. Brick pointing was completed around 2018, and new windows were installed on the 1st and 3rd floors around the same time. The lot size is approximately 0.1257 acres. The properties are being sold as a package and can be financed separately with a 2-4 unit mortgage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson Heights
    County
    Queens
    State
    New York
    Longitude
    -73.876011
    Latitude
    40.749221

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    FAQs

    What type of property is this?
    Apartment building - Two semi-attached 3-family buildings with parking and outdoor space.
    Where is this apartment building located?
    The property is located at 9025A Elmhurst Ave Jackson Heights, NY.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Six rental units (10 bedrooms, 6 baths) in two legal 3-family buildings offer substantial rental income.; - Rare combination of two private garages and five assigned parking spaces.; - Prime Jackson Heights location with excellent access to E, F, M, R, and 7 trains.
    (516) 984-1815
    Request Owner's contact information
    9025A Elmhurst Ave Jackson Heights, NY 11372
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    Jackson Heights, NY 11372
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9025A Elmhurst Ave Jackson Heights, NY 11372
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    We can help!
    Listing Contact
    Kevin M. Leatherman ABR SFR C2EX A
    (516) 984-1815 (516) 362-1828 (516) 766-1400
    Learn more
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