Log In/Sign Up
Your email has been sent.
42-54 Judge Street 4254 Judge St 41 Unit Apartment Building $9,175,000 ($223,780/Unit) Elmhurst, NY 11373
Investment Highlights
- • Six-story, 32,550 SF 41-unit building (92% occupied)
- • (5) Studios, (18) 1-BR units, (18) 2-BR units
- • 1 block to Elmhurst Ave subway station, short walk to Elmhurst Hospital and Roosevelt Avenue
- • (21) Rent-Stabilized, (19) Free-Market, (1) Rent-Controlled
- • 28% preferential rent upside
- • Ideal long-term investment or 1031 exchange property
Executive Summary
Meridian Investment Sales is pleased to present exclusively for sale, 42-54 Judge Street, a six-story 41-unit elevator serviced multifamily
apartment building in Elmhurst, NY. The building is comprised of 32,550 square feet and is comprised of 41 residential units, of which 46% (19 units) are of free-market status.
There is a 28% difference between the legal and preferential rent stabilized rents, presenting future upside potential upon vacancies.
apartment building in Elmhurst, NY. The building is comprised of 32,550 square feet and is comprised of 41 residential units, of which 46% (19 units) are of free-market status.
There is a 28% difference between the legal and preferential rent stabilized rents, presenting future upside potential upon vacancies.
Property Facts
| Price | $9,175,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $223,780 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Sale Condition | 1031 Exchange | Building Size | 32,550 SF |
| No. Units | 41 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1939 |
| Zoning | R7B - Medium-density apartment house district. | ||
| Price | $9,175,000 |
| Price Per Unit | $223,780 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 32,550 SF |
| Average Occupancy | 93% |
| No. Stories | 6 |
| Year Built | 1939 |
| Zoning | R7B - Medium-density apartment house district. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 41 | - | 700 - 800 |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 01518-0044 | Improvements Assessment | $2,008,080 |
| Land Assessment | $117,450 | Total Assessment | $2,125,530 |
Property Taxes
Parcel Number
01518-0044
Land Assessment
$117,450
Improvements Assessment
$2,008,080
Total Assessment
$2,125,530
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
42-54 Judge Street | 4254 Judge 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.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.