Brick Mixed-Use
For Sale
$1,288,000
9106 43rd Avenue Elmhurst, Ny, NY 11373
Brick building with a ground-floor restaurant and two residential units above.
Property Size3,240 SF
Price / SF$397.53
Days on Market92
Property Features for 9106 43rd Avenue Elmhurst
General Information
Standard status
Active
Size
3,240 SF
Zoning
R6B
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$34,465
Amenities
Full
1
2+ Common Walls
3
Yes
Public
No
On Street, Open
Municipal
3240
Public Maintained Road
Building Details
Building Size
3,240 SF
Year Built
1931
Stories
3
Listed By:
Andrew Boodhoo
(718) 684-8000
Source:
Parkassets
Added: Jul 9
Changed: Oct 6
Last Checked: Oct 7 at 9:18AM
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 Andrew Boodhoo
Investment Insights
Based on property information with market context.
This brick mixed-use building includes a ground-floor restaurant space with street-facing presence, along with two residential units above. The second floor is a 2-bedroom unit, and the third floor is a 3-bedroom unit. The residential units feature windowed layouts, supporting a straightforward live-and-income configuration.
The property is located at 9106 43rd Avenue in Elmhurst, Queens. Seller estimates indicate the commercial unit can generate approximately $8,400 per month, while the 2-bedroom and 3-bedroom units have projected rents ranging from $2,300–$4,000 and $3,500–$5,000 respectively, depending on the level of renovation. There is an open tax lien on the property of $89,000, which will be settled before or by closing. The seller is willing to hold paper up to approximately $400,000, and the buyer is required to come up with a minimum of $1,000,000.
The property is located at 9106 43rd Avenue in Elmhurst, Queens. Seller estimates indicate the commercial unit can generate approximately $8,400 per month, while the 2-bedroom and 3-bedroom units have projected rents ranging from $2,300–$4,000 and $3,500–$5,000 respectively, depending on the level of renovation. There is an open tax lien on the property of $89,000, which will be settled before or by closing. The seller is willing to hold paper up to approximately $400,000, and the buyer is required to come up with a minimum of $1,000,000.
Key Highlights
- Brick mixed‑use building built in 1931 with 3 total stories and a full basement
- Ground‑floor restaurant space plus two residential units above (2nd‑floor 2‑bedroom, 3rd‑floor 3‑bedroom)
- Public maintained road with municipal road frontage; water source is public
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,653
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,193,060
$2.2M
Cap Rate 7%
$1,566,471
$1.6M
Cap Rate 9%
$1,218,367
$1.2M
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$165.2K $51.00/SF
− Vacancy
−$8.6K −$2.65/SF
EGI
$156.6K $48.35/SF
− OpEx
−$47.0K −$14.50/SF
NOI
$109.7K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,193,060
Cap Rate 7%
$1,566,471
Cap Rate 9%
$1,218,367
Alternative Uses
Best Use
Specialty Retail
$8.06M
$7.06M – $9.41M
NOI $564,538 @ 7.0% cap · market cap 43.83%
Second Best
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,653 @ 7.0% cap · market cap 8.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,661
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick building with a ground-floor restaurant and two residential units above.
Where is this mixed-use property located?
The property is located at 9106 43rd Avenue Elmhurst Ny, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: Brick mixed‑use building built in 1931 with 3 total stories and a full basement; Ground‑floor restaurant space plus two residential units above (2nd‑floor 2‑bedroom, 3rd‑floor 3‑bedroom); Public maintained road with municipal road frontage; water source is public
