91-16 43RD Ave, Queens, NY 11373
7-unit multifamily building with commercial space in Elmhurst, Queens.
- Added:
- Mar 11, 2026
- Days on Market:
- 120
- Last Refresh:
- Jul 5 at 3:55 am
Property Features for 91-16 43RD Ave
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 2002
Listing office Douglas Elliman Real Estate (914) 661-6005
Listing date Mar 11, 2026
Source Elliman
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HighLights
- High‑yield 7.3% cap rate
- 100% occupied, generating strong rental income
- 421a tax abatement
- Well‑maintained 4‑story building built in 2002
- Features 7 residential units and 1 commercial space
- Separately metered electric and gas, with tenants paying utilities
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 | $291.1k | $46.20 |
| − Vacancy | −$11.1k | −$1.76 |
| EGI | $280.0k | $44.44 |
| − OpEx | −$126.0k | −$20.00 |
| NOI | $154.0k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9492
- Latitude
- 40.7527
