4220-4222 82nd St - Apartments FOR SALE


Elmhurst, NY 11373
$2,888,000 USD
516-279-8828
4220-4222 82nd St, Elmhurst, NY for Sale
$2,888,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

4220-4222 82nd St
Elmhurst, NY 11373


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 100% Occupied 12 Family Building Package For Sale!!!
  • The Buildings Feature Excellent Signage, Great Exposure, Strong R7A Zoning, High 10’ Ceilings, Security System, Yard, Fenced Lot, +++!!!
  • The Property Is Located In The Heart Of Elmhurst Just Off Broadway Only Minutes From Queens Center!!!
  • Neighbors Include Apple, TD Bank, Adidas, Costco, Target, 7-Eleven, Dunkin’, Walgreens, Planet fitness, Cold Stone Creamery, Raymour & Flanigan, +++!!
  • As Per The Seller Each Building Has An Additional 5,000 Sqft. Of Air Rights!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 100% Occupied 12 Family Building Package For Sale!!! The Buildings Feature Excellent Signage, Great Exposure, Strong R7A Zoning, High 10’ Ceilings, Security System, Yard, Fenced Lot, 200 Amp Power, All New LED Lighting, +++!!! The Property Is Located In The Heart Of Elmhurst Just Off Broadway Only Minutes From Queens Center!!! Neighbors Include Apple, TD Bank, Adidas, Costco, Target, 7-Eleven, Dunkin’, Walgreens, Planet fitness, Cold Stone Creamery, Raymour & Flanigan, Mattress Firm, Macy’s, Shack Shack, Dollar Tree, Liberty Tax, McDonald’s, White Castle, Subway, +++!!! As Per The Seller Each Building Has An Additional 5,000 Sqft. Of Air Rights!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Make A Nice Addition To Your Portfolio!!! Income: 42-20 82nd St.: Unit 1A: $18,581.88 Ann. Lease Exp.: 10/31/24 . Unit 1B: $20,582.76 Ann. Lease Exp.: 10/31/24. Unit 2A: $24,084.96 Ann. Lease Exp.: 10/31/25. Unit 2B: $22,520.40 Ann. Lease Exp.: 10/31/25. Unit 3A: $21,041.40 Ann. Lease Exp.: 3/31/25. Unit 3B: $21,199.20 Ann. Lease Exp.: 10/31/24. 42-22 82nd St.: Unit 1A: $11,521.32 Ann. Lease Exp.: 12/31/24. Unit 1B: $14,265.36 Ann. Lease Exp.: 10/31/25. Unit 2A: $27,121.56 Ann. Lease Exp.: 12/31/24. Unit 2B: $27,000 Ann. Unit 3A: $19,966.68 Ann. Lease Exp.: 10/31/24. Unit 3B: $25,800 Ann. Lease Exp.: 4/30/24. Total Rental Income: $253,685.52 Ann. Expenses: Heating: $29,987 Ann. Insurance: $12,713.88 Ann. Water & Sewer: $14,583.18 Ann. Taxes: $49,376.98 Ann. Total Expenses: $106,661.04 Ann. Gross Income: $253,685.52 Ann. Net Operating Income (NOI): $147,024.48 Ann.

FOR SALE DETAILS

PRICE

$2,888,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

12

PRICE/UNIT

$240,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

R7A

APN/PARCEL ID

01527-0041

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.