6-Unit Apartment
4236 81st Street, Elmhurst, NY 11373
For Sale
$1,488,000
Six one-bedroom residences are located in Elmhurst near subway and train service.
Property Size5,148 SF
Price / SF$289.04
Days on Market251
Property Features for 4236 81st Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Apple Realty Group Corp
(718) 888-2965
Listed By:
Zi Ying Chen
(917) 826-7785
Source:
Croninreale
Added: Mar 3
Changed: Nov 7
Last Checked: Nov 7 at 4:03PM
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 Apple Realty Group Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,148-square-foot apartment building in Elmhurst contains six one-bedroom apartments. Constructed in 1928, the property is zoned R6B and is occupied by tenants.
Subway and train service, retail shops, banks, and the Queens shopping center are described as nearby. The address is 4236 81st Street, Elmhurst, NY 11373.
Subway and train service, retail shops, banks, and the Queens shopping center are described as nearby. The address is 4236 81st Street, Elmhurst, NY 11373.
Key Highlights
- Six one‑bedroom apartments
- 5,148 square feet
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,840
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,800
$2.5M
Cap Rate 7%
$1,797,714
$1.8M
Cap Rate 9%
$1,398,222
$1.4M
Market Conditions
NOI Build-Up for 5,148 SF
Gross rent
$237.8K $46.20/SF
− Vacancy
−$9.0K −$1.76/SF
EGI
$228.8K $44.44/SF
− OpEx
−$103.0K −$20.00/SF
NOI
$125.8K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,800
Cap Rate 7%
$1,797,714
Cap Rate 9%
$1,398,222
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,840 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,662 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
8,768
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Elmhurst
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom residences are located in Elmhurst near subway and train service.
Where is this apartment building located?
The property is located at 4236 81st Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Six one‑bedroom apartments; 5,148 square feet; Built in 1928
