Three-Story Multifamily
For Sale
$1,398,000
Pending
9208 43rd Avenue, Elmhurst, NY 11373
Two-bedroom floor plans and an additional walk-in one-bedroom apartment provide multiple residential layouts.
Property Size2,688 SF
Days on Market9
Property Features for 9208 43rd Avenue
General Information
Standard status
Pending
Size
2,688 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$10,612
Amenities
No
Other
Public
Private
2688
Building Details
Building Size
2,688 SF
Year Built
1950
Listing Agency:
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:16PM
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 Amandeep Kakar
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Investment Insights
Based on property information with market context.
This semi-detached, three-story multifamily house contains 2,688 square feet and has no basement. Each floor is arranged with two bedrooms, a living room, a dining room, and a kitchen. The property also includes a walk-in one-bedroom apartment. Built in 1950, the building is configured for multiple residential households.
The property is in Elmhurst, near a train and a supermarket.
The property is in Elmhurst, near a train and a supermarket.
Key Highlights
- 2,688‑square‑foot, three‑story multifamily property
- Semi‑detached house with no basement
- Each floor has two bedrooms, a living room, dining room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,707
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,140
$1.3M
Cap Rate 7%
$938,671
$938.7K
Cap Rate 9%
$730,078
$730.1K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$124.2K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$119.5K $44.44/SF
− OpEx
−$53.8K −$20.00/SF
NOI
$65.7K $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%
$1,314,140
Cap Rate 7%
$938,671
Cap Rate 9%
$730,078
Alternative Uses
Best Use
Apartment 5plus
$938.7K
$821.3K – $1.10M
NOI $65,707 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,714 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,954
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-bedroom floor plans and an additional walk-in one-bedroom apartment provide multiple residential layouts.
Where is this multifamily property located?
The property is located at 9208 43rd Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: 2,688‑square‑foot, three‑story multifamily property; Semi‑detached house with no basement; Each floor has two bedrooms, a living room, dining room, and kitchen
