Brick Four-Unit
54-47 83RD Street, Elmhurst, NY 11373
For Sale
$1,450,000
Residential Income, Elmhurst, NY
Property Size3,528 SF
Lot Size0.05 Acres
Price / SF$410
Days on Market52
Property Features for 54-47 83RD Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 8 at 12:06AM
MLS# 1052753
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This legal four-family property is a brick-built residential income asset completed in 1989. The building contains approximately 3,528 square feet within a 21-by-56-foot footprint and sits on a 21-by-100-foot lot. Interior rooms include six bedrooms, five bathrooms, and a basement. Heating is provided by baseboard systems, with wall and window cooling units. Driveway parking is available, and the property is served by public water and public sewer.
The property is located at 54-47 83RD Street in Elmhurst, Queens, within an established residential setting. Queens Center Mall, major shopping areas, and I-495 are nearby, providing access to retail and regional transportation routes. R5 zoning and the existing four-family configuration support its residential income use.
The property is located at 54-47 83RD Street in Elmhurst, Queens, within an established residential setting. Queens Center Mall, major shopping areas, and I-495 are nearby, providing access to retail and regional transportation routes. R5 zoning and the existing four-family configuration support its residential income use.
Key Highlights
- Legal four‑family property with approximately 3,528 sqft of building area
- 21 * 100 ft lot with a 21 * 56 ft building footprint
- R5 zoning and 0.0482‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,240
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,800
$1.7M
Cap Rate 7%
$1,232,000
$1.2M
Cap Rate 9%
$958,222
$958.2K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$163.0K $46.20/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$156.8K $44.44/SF
− OpEx
−$70.6K −$20.00/SF
NOI
$86.2K $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%
$1,724,800
Cap Rate 7%
$1,232,000
Cap Rate 9%
$958,222
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,240 @ 7.0% cap · market cap 5.95%
Second Best
Multifamily LT 5
$834.2K
$729.9K – $973.2K
NOI $58,394 @ 7.0% cap · market cap 4.03%
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
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,631
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
$683,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Legal four-family building with driveway parking, public utilities, and R5 zoning.
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 four‑family property with approximately 3,528 sqft of building area; 21 * 100 ft lot with a 21 * 56 ft building footprint; R5 zoning and 0.0482‑acre lot
