Property profile

95-24 42Nd Ave Queens, NY 11373

FOR SALE
Apartment buildings
Property ID
US63-0107480
3,663 SF 0.05 ac lot Built 1989
Entity Owned 14-yr Hold Free & Clear
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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

Location

95-24 42Nd Ave Queens, NY 11373
Queens metro Census 46500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2012
2 recorded transactions
2012
$666,000
1969
Price N/A

Zoning & alternative use

R5 · Flushing, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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