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Property profile & analytics
FOR SALE
Apartment buildings

91-16 43Rd Ave Queens, NY 11373

Built 2002
Property ID
US63-Q012178
Property summary
AI-generated overview

Elmhurst Investment Opportunity - 7.3 Cap Rate! Built in 2002, this well-maintained 4-story, 7-unit multifamily building with 1 commercial space offers a high-yield 7.3 cap rate in the heart of Elmhurst, Queens. Spanning 6,300 SF , the 25 ft x 54 ft building sits on a 25 ft x 100 ft lot and benefits from a 421a tax abatement . Fully 100% occupied , the property features separately metered electric and gas , with tenants covering their own utilities. Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and location make this an exceptional turn-key investment opportunity. Don't miss out on this rare find- contact us today! bikeScore: 77, Very Bikeable walkScore: 98, Walker's Paradise transitScore: 100, Rider's Paradise

Property profile
Verified
Property type Apartment buildings
Year built 2002
UPID US63-Q012178
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Impacto Satelital FM105.5 Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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