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    91-16 43Rd Ave Queens, NY 11373

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    For Sale
    $1,875,000

    7-unit multifamily building with commercial space in Elmhurst, Queens.

    Lot size:
    0.06 Acres

    Property Features for 91-16 43Rd Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    2002

    Source: Douglas Elliman Real Estate Agent Bruce Friedberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elmhurst Multifamily Investment Opportunity

    This well-maintained, 4-story multifamily building, constructed in 2002, features 7 residential units and 1 commercial space. Located in the heart of Elmhurst, Queens, the property offers a 7.3 cap rate. The building spans 6,300 square feet with dimensions of 25 feet by 54 feet, situated on a 25 foot by 100 foot lot. A 421a tax abatement is in place. The property is fully occupied, with each unit having separately metered electric and gas, and independent heating systems. Tenants are responsible for their own utilities. The property presents a turn-key investment opportunity due to its strong rental income and location.
    Location Intelligence

    Current Use by Public Records

    Impacto Satelital FM105.5 Radio Broadcaster

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.94915
    Latitude
    40.752652

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    FAQs

    What type of property is this?
    Apartment building - 7-unit multifamily building with commercial space in Elmhurst, Queens.
    Where is this apartment building located?
    The property is located at 91-16 43Rd Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: - High-yield 7.3% cap rate; - 100% occupied, generating strong rental income; - Benefit from a 421a tax abatement
    (914) 661-6005
    Request Owner's contact information
    91-16 43Rd Ave Queens, NY 11373
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    Queens, NY 11373
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    Realmo Value Estimation

    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.

    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.

    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
    91-16 43Rd Ave Queens, NY 11373
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