Legal Four-Family
54-47 83RD Street, Elmhurst, NY 11373
For Sale
$1,450,000
Income-producing residential property with four legal family units in an established Elmhurst community.
Property Size3,528 SF
Days on Market53
Property Features for 54-47 83RD Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
E Realty International Corp
Listed By:
Hsin Yuan Yang · License NY #10311205376
(646) 688-8998
Source:
Barbieliteam
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 8 at 12:19PM
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 E Realty International Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal four-family property provides a residential income configuration within a building measuring approximately 3,528 square feet. Constructed in 1989, the property occupies a 21 × 100 ft lot and includes a 21 × 56 ft building footprint. R5 zoning supports its established residential use, while the four-family layout offers a clear multifamily profile for investors.
The property is located at 54-47 83RD Street in Elmhurst, NY 11373, near Queens Center Mall and major shopping areas. Access to I-495, also known as the Long Island Expressway, places the property within reach of regional transportation and nearby everyday amenities. The surrounding area is described as an established residential community with rental demand.
The property is located at 54-47 83RD Street in Elmhurst, NY 11373, near Queens Center Mall and major shopping areas. Access to I-495, also known as the Long Island Expressway, places the property within reach of regional transportation and nearby everyday amenities. The surrounding area is described as an established residential community with rental demand.
Key Highlights
- Legal 4‑family property in Elmhurst, NY
- Approximately 3,528 sqft of building area
- 21 × 56 ft building on a 21 × 100 ft lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,180
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,600
$1.7M
Cap Rate 7%
$1,245,429
$1.2M
Cap Rate 9%
$968,667
$968.7K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$135.5K $38.40/SF
− Vacancy
−$10.9K −$3.10/SF
EGI
$124.5K $35.30/SF
− OpEx
−$37.4K −$10.59/SF
NOI
$87.2K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,600
Cap Rate 7%
$1,245,429
Cap Rate 9%
$968,667
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.45M
NOI $87,180 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,240 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$2.60M
$2.28M – $3.03M
NOI $182,062 @ 7.0% cap · market cap 12.56%
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
Location Intelligence
Trade Area within ½ mile
1,549
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
$683,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Queens County, NY
Properties on Market for Quadplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with four legal family units in an established Elmhurst community.
Where is this quadplex located?
The property is located at 54-47 83RD Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Legal 4‑family property in Elmhurst, NY; Approximately 3,528 sqft of building area; 21 × 56 ft building on a 21 × 100 ft lot
