94-50 45th Ave Queens, NY 11373
New
Eight-family property in Elmhurst with 421a tax abatement until 2060.
Type:Commercial
- Added:
- Apr 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 24 at 3:15 pm
Property Features for 94-50 45th Ave
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 2022
Listing agent Meizi Cui License #10401252795 (646) 431-7372
Listing office (646) 431-7372
Listing date Apr 24, 2026
Source Elliman
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 Meizi Cui
Overview
Elmhurst Multifamily Investment Opportunity
Located in the heart of Elmhurst, this eight-family property presents an investment opportunity. The property benefits from a 421a tax abatement in place until 2060, resulting in an annual property tax of $1,302. The building is 100% occupied and generates positive cash flow. It features solid construction and long-term tenants. The location provides convenient access to multiple subway lines, bus stops, grocery stores, and restaurants, with a walk score of 88, indicating it is very walkable, a bike score of 75, indicating it is very bikeable, and a transit score of 71, indicating excellent transit options. The monthly rent roll is as follows: Rental -1B: $3,000, Rental -2A: $2,460, Rental -2B: $2,600, Rental -3A: $2,600, Rental -3B: $2,460, Rental -4A: $2,460, Rental -4B: $2,700, Rental -CB: $2,200, Rental -1A: $1,800, Rental -CF: $1,500. This multifamily property is one of the few offerings of its kind in this part of Elmhurst.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.954687
- Latitude
- 40.7489
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-family property in Elmhurst with 421a tax abatement until 2060.
Where is this apartment building located?
The property is located at 94-50 45th Ave Queens, NY.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 421a Tax Abatement until 2060 resulting in incredibly low annual property tax of $1,302.; 100% Occupied with Positive Cash Flow.; Located in the heart of Elmhurst with Excellent Transit (transitScore: 71), Very Walkable (walkScore: 88), and Very Bikeable (bikeScore: 75).
