95-24 42 Ave Queens, NY 11373
- Apartment buildings
- 2,100 SF
Current Use by Public Records
- Apartment buildings
Property Details for 95-24 42 Ave
- Year built
- 1989
- Property size
- 2,100 SF
- Property type
- Apartment buildings
Description
This exceptional five-unit apartment building, located at 95-24 42nd Avenue in Elmhurst, Queens, NY 11373, presents a compelling investment opportunity. The property boasts a total of 2,100 square feet and sits on a 2,100 square foot lot. Built in 1989, this four-story brick structure is semi-attached and includes convenient off-street parking. The unit configuration is diverse, offering a mix of studio and one-bedroom apartments. Specifically, the first floor features a two-bedroom apartment with access to a lower-level accessory space. The second floor comprises two studio apartments, one in the front and one in the back. The third floor houses two one-bedroom duplex units, each extending to the fourth floor. The building benefits from a recently refinished roof (2024), minimizing immediate maintenance concerns. The asking price is $995,000, with a Net Operating Income (NOI) of $60,977, resulting in an attractive 6.10% capitalization rate. This property offers a solid return on investment and potential for future appreciation in the thriving Elmhurst market. Serious inquiries are encouraged.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8689
- Latitude
- 40.746
