Elmhurst | 91st Place & Gleane Street
- $ 1,900,000
- Bedrooms
- Bathrooms
- Low-RiseBuilding Type
- Approx. SF
- Details
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- Income PropertyOwnership
- $ 20,914Anual RE Taxes
- 25'x54'Building Size
- 25'x100'Lot Size
- 2002Year Built
- ActiveStatus
- Description
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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
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- Features
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- A/C [Window Units]
- Close details -
- Contact
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William Abramson
License Licensed As: William D. AbramsonDirector of Brokerage, Licensed Associate Real Estate Broker
W: 646-637-9062
M: 917-295-7891
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Additional building data provided by On-Line Residential [OLR].
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