9524 42nd Ave, Elmhurst, NY 11373
Semi-attached brick five-family property with off-street parking.
- Added:
- May 9, 2024
- Days on Market:
- 790
- Last Refresh:
- May 12 at 9:42 pm
Property Features for 9524 42nd Ave
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Other
Building Details
- Year Built
- 1989
Listing office Keller Williams Landmark II (347) 846-1200
Listing date May 9, 2024
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Landmark II
HighLights
- 5‑family brick property with income potential
- Off‑street parking available
- First‑floor 2‑bedroom apartment with lower‑level access
- Recently refinished roof (2024)
- Two studio apartments on the 2nd floor
- Two 1‑bedroom duplex units with a 4th floor on the 3rd floor
Overview
Local 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 | $97.0k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $93.3k | $44.44 |
| − OpEx | −$42.0k | −$20.00 |
| NOI | $51.3k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elmhurst
- County
- Queens
- State
- New York
- Longitude
- -73.868753
- Latitude
- 40.745909
