Elmhurst Multifamily Investment
For Sale
$939,900
Pending
9206 43rd Ave, Queens, NY 11373
Well-maintained, three-story walk-up in a high-demand rental market.
Property Size2,470 SF
Lot Size0.06 Acres
Days on Market192
Property Features for 9206 43rd Ave
General Information
Standard status
Pending
Size
2,470 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$14,272
Building Details
Building Size
2,470 SF
Year Built
1931
Units
3
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Christopher Espinal · License #40ES1144459
(917) 945-5418
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 30 at 3:30PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Located in Elmhurst, Queens, this meticulously maintained C1-class three-story walk-up offers an investment opportunity in a high-demand rental market. The semi-attached building measures 20’ x 42’ on a 25’ x 100’ lot. The property features a relatively new roof, new boiler, and new hot water heater. The unfinished basement is clean and dry. All apartments are well-kept, easily accessible, and occupied by long-term, reliable tenants. The property has been exceptionally well maintained throughout. Situated moments from Roosevelt Avenue with access to the 7 train, it is surrounded by multiple local bus lines along Broadway and Corona Avenue. It is close to shopping, dining, schools, and all neighborhood conveniences. The location has a walk score of 98, a bike score of 77, and a transit score of 100.
Key Highlights
- Prime Elmhurst location with exceptional transit access and a Walk Score of 98 and Transit Score of 100.
- Opportunity to acquire a side‑by‑side portfolio with an adjacent, identical building.
- Stable income property with long‑term, reliable tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,378
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,560
$1.2M
Cap Rate 7%
$862,543
$862.5K
Cap Rate 9%
$670,867
$670.9K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$114.1K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$109.8K $44.44/SF
− OpEx
−$49.4K −$20.00/SF
NOI
$60.4K $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%
$1,207,560
Cap Rate 7%
$862,543
Cap Rate 9%
$670,867
Alternative Uses
Best Use
Apartment 5plus
$862.5K
$754.7K – $1.01M
NOI $60,378 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,464 @ 7.0% cap · market cap 13.56%
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
3,847
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained, three-story walk-up in a high-demand rental market.
Where is this apartment building located?
The property is located at 9206 43rd Ave Queens, NY.
What is the asking price?
The asking price for this property is $939,900.
What are key features of this property?
This property features: Prime Elmhurst location with exceptional transit access and a Walk Score of 98 and Transit Score of 100.; Opportunity to acquire a side‑by‑side portfolio with an adjacent, identical building.; Stable income property with long‑term, reliable tenants.
