Four-Family Residential Income
9425 54th Avenue Elmhurst, NY 11373
New
For Sale
$1,599,999
MULTI_FAMILY - Modern - Elmhurst, NY
Property Size2,600 SF
Lot Size0.08 Acres
Price / SF$615.38
Days on Market3
Property Features for 9425 54th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Bathrooms
6
Rooms
Bedroom 5, Bedroom 6, Bedroom 10, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 5, Bedroom 9, Bathroom 6, Bathroom 1, Bathroom 2, Basement, Bedroom 8, Bedroom 4, Bathroom 3
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement
Finished, Walk-Out Access, Full
Standard status
Active
APN
01893-0025
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13907
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
4
Building materials
Advanced Framing Technique
Architectural style
Modern
Listing Agency:
Exit Realty Prime
(718) 262-0205
Listed By:
MD N. Alam
(347) 440-4282
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 28 at 7:06AM
MLS# 1030832
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal four-family residential income building offers a mix of unit layouts across two floors, plus additional finished space. The first floor includes a front 1-bedroom unit and a rear 2-bedroom unit, while the second floor includes a front 3-bedroom unit and a rear 2-bedroom unit. The property also features a full finished attic with two rooms and a bath, and a full finished basement with two separate entrances and a bath. A private driveway and a detached garage support off-street parking.
The building is located in Elmhurst, Queens, with proximity to Junction Blvd., Corona Ave., shopping, dining, public transportation, and Queens Center Mall.
As presented, the configuration provides multiple residential units along with finished basement and attic space, and includes independent access points where noted.
The building is located in Elmhurst, Queens, with proximity to Junction Blvd., Corona Ave., shopping, dining, public transportation, and Queens Center Mall.
As presented, the configuration provides multiple residential units along with finished basement and attic space, and includes independent access points where noted.
Key Highlights
- Legal 4‑family home with over 2,600 sq. ft. of living space on a 3,500+ sq. ft. lot
- 1st floor: front 1‑bedroom unit and rear 2‑bedroom unit
- 2nd floor: front 3‑bedroom unit and rear 2‑bedroom unit
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 | $120.1k | $46.20 |
| − Vacancy | −$4.6k | −$1.76 |
| EGI | $115.6k | $44.44 |
| − OpEx | −$52.0k | −$20.00 |
| NOI | $63.6k | $24.44 |
2,600 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 3.97%
Second Best
Multifamily LT 5
$614.8K
$537.9K – $717.2K
NOI $43,034 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Legal 4-family property with separate entrances, finished basement and attic, and a private driveway plus detached garage.
Where is this quadplex located?
The property is located at 9425 54th Avenue Elmhurst, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Legal 4‑family home with over 2,600 sq. ft. of living space on a 3,500+ sq. ft. lot; 1st floor: front 1‑bedroom unit and rear 2‑bedroom unit; 2nd floor: front 3‑bedroom unit and rear 2‑bedroom unit
