8520 Elmhurst Ave
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8520 Elmhurst Ave
53 Unit Block of Flats £5,945,764 (£112,184/Unit) 6.76% Net Initial Yield Elmhurst, NY 11373
Investment Highlights
- First - Time Sale by Original Owners
- Centrally Located
- 100% Occupied / Large Floor Plans
Executive Summary
85-20 Elmhurst Avenue is a six-story 53-unit rent-stabilized multifamily building located in the Elmhurst neighborhood of Queens, NY.
The elevator apartment building has a total area of approximately 48,000 square feet and comprises 53 units. Among these units, 52 are rent-stabilized residential units, while one unit is occupied by a dentist as a commercial office space. The residential units consist of 42 one-bedroom apartments and 10 studios, all of which offer spacious floor plans. The current ownership has maintained the building impeccably, leaving it in excellent condition.
For additional information, or to schedule a property tour, please reach out to the exclusive brokers directly.
The elevator apartment building has a total area of approximately 48,000 square feet and comprises 53 units. Among these units, 52 are rent-stabilized residential units, while one unit is occupied by a dentist as a commercial office space. The residential units consist of 42 one-bedroom apartments and 10 studios, all of which offer spacious floor plans. The current ownership has maintained the building impeccably, leaving it in excellent condition.
For additional information, or to schedule a property tour, please reach out to the exclusive brokers directly.
Property Facts
| Price | £5,945,764 | Apartment Style | Mid Rise |
| Price Per Unit | £112,184 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Net Initial Yield | 6.76% | Building Size | 47,846 SF |
| No. Units | 53 | Number of Floors | 6 |
| Property Type | Residential | Year Built | 1940 |
| Property Subtype | Apartment |
| Price | £5,945,764 |
| Price Per Unit | £112,184 |
| Sale Type | Investment |
| Net Initial Yield | 6.76% |
| No. Units | 53 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 47,846 SF |
| Number of Floors | 6 |
| Year Built | 1940 |
Unit Amenities
- Cable Ready
- Microwave
- Kitchen
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 53 | - | 713 |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 01559-0007 | Improvements Assessment | £945,818 |
| Land Assessment | £81,252 | Total Assessment | £1,027,070 |
PROPERTY TAXES
Parcel Number
01559-0007
Land Assessment
£81,252
Improvements Assessment
£945,818
Total Assessment
£1,027,070
zoning
| Zoning Code | R7B |
| R7B |
Contacts
-
Christian Allimonos -
Stephen Preuss -
Andreas Efthymiou -
Charles Schirrmeister -
Ripco Real Estate
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8520 Elmhurst Ave
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