91-16 43rd Avenue

Elmhurst | QN
91st Place & Gleane Street

$ 1,900,000
Building For Sale
Property Type
Active
Status
28
Rooms
$ 20,914
Real Estate Taxes [Per Annum]

Building Details

Income Property
Ownership
Low-Rise
Building Type
Walk-up
Access
1600/12
Block/Lot
25'x54'
Building Size
25'x100'
Lot Size
R5
Zoning
2002
Year Built
4/7
Floors/Apts

Description

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!

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!


Listing Courtesy of Douglas Elliman Real Estate

Features

A/C [Window Units]

Contact

License Licensed As: Chad Kessler
Chad Kessler

Chad Kessler

License Licensed As: Chad Kessler

Licensed Associate Real Estate Broker

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 REBNY Listing Service, Inc. All rights reserved. All information is intended only for the Registrant’s personal, non-commercial use. RLS Data display by New Millennium Real Estate Corp.. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 100069TH