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4315 Judge St
Flushing, NY 11373
Multifamily Property For Sale
·
6 Units
Investment Highlights
- 6-family, all rent-stabilized units
- Boiler and water tank recently replaced
- 4-minute walk to Broadway M/R and 90 St 7 train
- Significant upside. 3 of 6 units vacant, pro forma income of $149,259
Executive Summary
Investor's Dream! East Coast New York presents a rare 6-family investment opportunity at 43-15 Judge St in Elmhurst, Queens. All units are rent-stabilized. Located just a 4-minute walk to the Broadway M/R and 90th St 7 train, with proximity to public transportation and a hospital.
Boiler and water tank have been recently replaced, reducing near-term capital needs for a new owner.
Huge upward potential: three of six units are currently vacant, offering significant value-add opportunity. Current annual income is $59,259 (NOI $20,305.45); pro forma annual income at market rents is $149,259 (pro forma NOI $110,305.45).
Secure, income-producing asset in a high-demand Queens submarket.
Boiler and water tank have been recently replaced, reducing near-term capital needs for a new owner.
Huge upward potential: three of six units are currently vacant, offering significant value-add opportunity. Current annual income is $59,259 (NOI $20,305.45); pro forma annual income at market rents is $149,259 (pro forma NOI $110,305.45).
Secure, income-producing asset in a high-demand Queens submarket.
Property Facts
| Price Per Unit | $250,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 1.35% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 25.32 | Building Size | 4,800 SF |
| No. Units | 6 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R5 - Medium Density Multifamily Residential Apartments | ||
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 1.35% |
| Gross Rent Multiplier | 25.32 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R5 - Medium Density Multifamily Residential Apartments |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,300 | - |
| 2+1 | 5 | $1,807 | - |
Property Taxes
| Parcel Number | 01558-0048 | Improvements Assessment | $216,285 |
| Land Assessment | $4,261 | Total Assessment | $220,546 |
Property Taxes
Parcel Number
01558-0048
Land Assessment
$4,261
Improvements Assessment
$216,285
Total Assessment
$220,546
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