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12-Unit Rent-Stabilized Apartment Property
For Sale
Contact for pricing
Pending

42-20 +42-22 82nd St, Elmhurst, NY 11373

Adjoining rent-stabilized buildings with most apartments renovated and multiple building security systems.

Property SizeContact for details
Days on Market141

Property Features for 42-20 +42-22 82nd St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Modern Spaces Commercial Long Island City
Listed By: Michael Ellis · License #NY 10401326664
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 31 at 4:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Modern Spaces Commercial Long Island City

Investment Insights

Based on property information with market context.

This multifamily property consists of two adjoining rent-stabilized apartment buildings containing 12 residences: 10 two-bedroom units and 2 one-bedroom units. Ten apartments have been fully renovated, and the buildings include 10' ceilings, a rear yard, recently repainted fire escapes, video intercom, internet thermostats, and IP video surveillance cameras. Occupancy is 100%.

The property is a 3-minute walk from the Elmhurst Ave. M and R subway stop, providing access toward Manhattan. Clement Clarke Moore Park is directly across from the buildings. More than 10,000 SF of available air rights offers additional development capacity.

Key Highlights

  • 12 apartments: 10 two‑bedroom units and 2 one‑bedroom units
  • Rent‑stabilized multifamily property with 100% occupancy
  • 10 apartments fully renovated with high‑quality materials

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Gym & Fitness Center Skin Care Clinic Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,549
Businesses Nearby

Demographics for 11373, NY

105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Adjoining rent-stabilized buildings with most apartments renovated and multiple building security systems.
Where is this apartment building located?
The property is located at 42-20 +42-22 82nd St Elmhurst, NY.
What are key features of this property?
This property features: 12 apartments: 10 two‑bedroom units and 2 one‑bedroom units; Rent‑stabilized multifamily property with 100% occupancy; 10 apartments fully renovated with high‑quality materials
More about this property
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