Elmhurst Investment Opportunity - 6.5 Cap Rate! Built in 2008, this well-maintained 4-story, 6-unit multifamily building with 1 commercial space offers a high-yield 6.5 cap rate in the heart of Elmhurst, Queens. Spanning 4,880 SF, the building sits on a 20 ft x 100 ft lot and benefits from a 421a tax abatement. Mix of 1-2-3 bedrooms, fully occupied, the property features separately metered electric and gas.. The heating system is also separately metered, ensuring low operating costs. Strong rental income, and a prime location make this an exceptional turn-key investment opportunity. Don't miss out on this rare find-
Listed by BRUCE D FRIEDBERG
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Douglas Elliman Real Estate
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(914) 661-6005
Last updated November 12, 2025
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Source: REBNY #RLS20014682
Listing Facts
TypeMulti-family
NeighborhoodNorth Corona
Bedrooms11
Bathrooms6
Days on Prevu226
Taxes$1,092/year
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
11/13/2025
Price Decreased
$1,699,000
10/26/2025
Status changed to Active
$1,750,000
10/25/2025
Status changed to Removed from Feed
$1,750,000
08/29/2025
Status changed to Active
$1,750,000
07/31/2025
Status changed to Removed from Feed
$1,750,000
04/07/2025
Listed by Douglas Elliman Real Estate
$1,750,000
Estimated Closing Costs
Total
$60,300
Attorney Fees
$4,000
NYC Mansion Tax
$16,990
Title Insurance
$7,646
Bank Attorney
$1,500
Mortgage Recording Tax
$26,164
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,699,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.