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!
Address
Open on Google Maps- Address 91-16 43RD Avenue
- City New York City
- Zip/Postal Code 11373
- Area Elmhurst
Details
Updated on August 25, 2025 at 1:28 pm- Property ID: RLS20014683
- Price: $1,900,000
- Property Size: 1350 Sqft
- Bedrooms: 7
- Rooms: 28
- Bathrooms: 7
- Year Built: 2002
- Property Type: Multi Family, Residential
- Property Status: Active, For Sale
Additional details
- Cooling: Window Unit(s)
- County: Queens
- Property Type: Residential
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