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    FOR SALE
    Apartment buildings

    95-24 42Nd Ave, Elmhurst, NY 11373

    3,663 SF 0.05 ac lot Built 1989
    Entity Owned 14-yr Hold Free & Clear
    Property ID
    US63-0107480
    Property summary
    AI-generated overview

    This well-maintained brick building at 9524 42nd Ave, Elmhurst, NY, presents a compelling investment opportunity. The property boasts a total of 2,100 square feet and features five residential units. The layout includes a two-bedroom apartment on the first floor with convenient access to a lower-level accessory space, ideal for storage or additional living area. The second floor comprises two studio apartments, one in the front and one in the back of the building. The third floor offers two one-bedroom duplex units, each extending to the fourth floor, providing ample living space for tenants. The building benefits from off-street parking in front, a valuable amenity in this location. The roof has been recently refinished in 2024, ensuring long-term structural integrity and minimizing maintenance concerns. Each unit has its own hot water heater. The property's "Very Good" appearance reflects its well-maintained condition and potential for strong rental income. This semi-attached building offers a blend of convenience and privacy, making it an attractive option for both tenants and investors. The property is located in Elmhurst, NY, offering easy access to local amenities and transportation. This is a turnkey investment ready for immediate income generation.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 1989
    Total area 3,663 SF
    Lot 0.05 ac (2,100 SF)
    Zoning code R5
    APN 01599-0138
    UPID US63-0107480
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $820k
    Owner & transaction history
    Sky Light Realty LLC · 14 yrs held
    Sky Light Realty LLC
    since 2012
    2 recorded transactions
    2012
    $666,000
    1969
    Zoning & alternative use
    R5 · Flushing, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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