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4220-4222 82nd St 12 Unit Apartment Building $2,999,999 ($250,000/Unit) 5.28% Cap Rate Elmhurst, NY 11373
INVESTMENT HIGHLIGHTS
- 10 Two Bedroom Units and 2 One Bedroom Units
- Over 10,000 SF of Available Air Rights for Additional Development
- Rear Yard and Recently Re-painted Fire Escapes
- Directly Across from Clement Clarke Moore Park
- 100% Occupancy
- IP Video Surveillance Cameras
EXECUTIVE SUMMARY
Located in a prime residential area in the heart of Elmhurst, this pair of
adjoining Rent Stabilized Multi-Family buildings have been lovingly maintained
by the same family for over fifty years.
All but three of the twelve apartments have been fully renovated with high
quality materials. The property is just a 3 minute walk to the Elmhurst Ave.
M and R subway stop, allowing for a quick commute into Manhattan
adjoining Rent Stabilized Multi-Family buildings have been lovingly maintained
by the same family for over fifty years.
All but three of the twelve apartments have been fully renovated with high
quality materials. The property is just a 3 minute walk to the Elmhurst Ave.
M and R subway stop, allowing for a quick commute into Manhattan
PROPERTY FACTS
| Price | $2,999,999 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 10,886 SF |
| Cap Rate | 5.28% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.55/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 7A - medium-density residential district | ||
| Price | $2,999,999 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 10,886 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1928/2024 |
| Parking Ratio | 0.55/1,000 SF |
| Zoning | 7A - medium-density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Heating
- Yard
- Intercom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,289 | 491 |
| 2+1 | 10 | $1,803 | 600 |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 01527-0041 | Improvements Assessment | $216,072 |
| Land Assessment | $4,170 | Total Assessment | $220,242 |
PROPERTY TAXES
Parcel Number
01527-0041
Land Assessment
$4,170
Improvements Assessment
$216,072
Total Assessment
$220,242
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4220-4222 82nd St
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