Log In/Sign Up
Your email has been sent.
4015 81st St 107 Unit Apartment Building $15,000,000 ($140,187/Unit) Elmhurst, NY 11373
INVESTMENT HIGHLIGHTS
- Situated in the heart of Jackson Heights, a vibrant and diverse neighborhood with strong foot traffic and excellent visibility.
- One block from Elmhurst Hospital Center, a 545-bed acute care facility
- Surrounded by residential buildings, restaurants, and local businesses, creating a strong customer base and community presence.
- Desirable nearby dining and entertainment options and neighborhood amenities
EXECUTIVE SUMMARY
FOR SALE: NYC Multi-Family Investment Opportunity. The property is a cash-flowing, 95%+ leased asset with below-market rents and strong collections. A slow construction pipeline in the area is placing upward pressure on market rents. The location is highly desirable within one block of major national retailers such as Target, Chick-fil-A, Starbucks, and Chipotle Mexican Grill. It is also just one block from Elmhurst Hospital Center, a 545-bed acute care facility. The surrounding neighborhood offers attractive dining, entertainment, and other amenities. Additionally, a 7 Train station on the block provides direct access to Grand Central Station in Midtown Manhattan.
PROPERTY FACTS
| Price | $15,000,000 | Building Class | B |
| Price Per Unit | $140,187 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 68,194 SF |
| No. Units | 107 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1932 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | R6 - medium-density residential zoning district. | ||
| Price | $15,000,000 |
| Price Per Unit | $140,187 |
| Sale Type | Investment |
| No. Units | 107 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 68,194 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 1932 |
| Opportunity Zone |
Yes |
| Zoning | R6 - medium-density residential zoning district. |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 36 | - | 600 |
| 1+1 | 71 | - | 750 |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4015 81st St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.