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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

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
More about this property
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