42-54 Judge St, Elmhurst, NY 11373
Six-story, 41-unit multifamily building in Elmhurst, New York.
- Added:
- Feb 4, 2026
- Days on Market:
- 142
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 42-54 Judge St
General Information
- Standard status
- Active
- Size
- 32,550 SF
- Property subtype
- Multifamily
Listing office Meridian Capital Group (646) 502-3481
Listing date Feb 4, 2026
Source Crexi
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 Meridian Capital Group
HighLights
- Six‑story, 41‑unit elevator serviced multifamily apartment building.
- Located in Elmhurst, NY.
- Contains 32,550 square feet.
- 19 units are free‑market apartments.
- 41 residential units total.
- 28% difference between legal and preferential rent stabilized rents, presenting future upside potential.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.50M | $46.20 |
| − Vacancy | −$57.1k | −$1.76 |
| EGI | $1.45M | $44.44 |
| − OpEx | −$651.0k | −$20.00 |
| NOI | $795.7k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elmhurst
- County
- Queens
- State
- New York
- Longitude
- -73.883043
- Latitude
- 40.745228
