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16-Unit Apartment Building

87-15 Britton Avenue, Elmhurst, NY 11373

For Sale
New
$3,200,000

The fully occupied residential property includes both rent-stabilized and free-market apartments.

Property Size16,160 SF
Days on Market2

Property Features for 87-15 Britton Avenue

General Information

Standard status Active
Size 16,160 SF
Property subtype Multifamily
Occupancy 100%

Additional Details

Cap Rate 7.5%
Public Transit Yes
Multifamily Units 16
Tenant in Place Yes

Amenities

87-15 Britton Avenue is a multifamily asset in Elmhurst, Queens spanning 16,160 SF on a 50' x 97.42' lot.
Tax Class: 2 | Zoning: R7B | Meticulously Maintained
87-15 Britton Avenue is ideally located in Elmhurst, Queens, just one block from Roosevelt Avenue and two blocks from the 7 train, providing convenient access to Manhattan and throughout Queens.

Building Details

Building Size 16,160 SF
Units 16
Listing Agency: New York City Office
Listed By: Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
Source: Marcusmillichap
Added: Nov 8 Last Checked: Nov 8 at 3:13PM

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 New York City Office

Rey
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Investment Insights

Based on property information with market context.

This 16-apartment building in Elmhurst has a mix of 12 rent-stabilized units and four free-market units. Occupancy is full, with no tenant arrears and a consistent rent collection record. The property has no DOB violations and very few HPD violations reported.

The building is two blocks from the 7 train, providing access to rail transit.

Key Highlights

  • 16 apartments: 12 rent‑stabilized and four free‑market units
  • Fully occupied, with no tenant arrears
  • Consistent rent collection history

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

16
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

8,587
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Elmhurst

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The fully occupied residential property includes both rent-stabilized and free-market apartments.
Where is this apartment building located?
The property is located at 87-15 Britton Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 16 apartments: 12 rent‑stabilized and four free‑market units; Fully occupied, with no tenant arrears; Consistent rent collection history
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