4220-4222 82nd St
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4220-4222 82nd St
12 Unit Apartment Building $2,888,000 ($240,667/Unit) Elmhurst, NY 11373
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 100% Occupied 12 Family Building Package For Sale!!!
- The Property Is Located In The Heart Of Elmhurst Just Off Broadway Only Minutes From Queens Center!!!
- As Per The Seller Each Building Has An Additional 5,000 Sqft. Of Air Rights!!!
- The Buildings Feature Excellent Signage, Great Exposure, Strong R7A Zoning, High 10’ Ceilings, Security System, Yard, Fenced Lot, +++!!!
- Neighbors Include Apple, TD Bank, Adidas, Costco, Target, 7-Eleven, Dunkin’, Walgreens, Planet fitness, Cold Stone Creamery, Raymour & Flanigan, +++!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
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.
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.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$253,686
|
$23.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$253,686
|
$23.30
|
| Taxes |
$49,376
|
$4.54
|
| Operating Expenses |
$57,285
|
$5.26
|
| Total Expenses |
$106,661
|
$9.80
|
| Net Operating Income |
$147,025
|
$13.51
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $253,686 |
| Annual Per SF | $23.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $253,686 |
| Annual Per SF | $23.30 |
| Taxes | |
|---|---|
| Annual | $49,376 |
| Annual Per SF | $4.54 |
| Operating Expenses | |
|---|---|
| Annual | $57,285 |
| Annual Per SF | $5.26 |
| Total Expenses | |
|---|---|
| Annual | $106,661 |
| Annual Per SF | $9.80 |
| Net Operating Income | |
|---|---|
| Annual | $147,025 |
| Annual Per SF | $13.51 |
Property Facts
| Price | $2,888,000 | Building Class | C |
| Price Per Unit | $240,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 10,886 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2010 |
| Apartment Style | Low Rise | Parking Ratio | 0.55/1,000 SF |
| Price | $2,888,000 |
| Price Per Unit | $240,667 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 10,886 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1928/2010 |
| Parking Ratio | 0.55/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Vacuum System
Site Amenities
- 24 Hour Access
- Security System
- Storage Space
- Bicycle Storage
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 01527-0041 | Total Assessment | $203,928 (2024) |
| Land Assessment | $3,843 (2024) | Annual Taxes | $49,376 ($4.54/SF) |
| Improvements Assessment | $200,085 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
01527-0041
Land Assessment
$3,843 (2024)
Improvements Assessment
$200,085 (2024)
Total Assessment
$203,928 (2024)
Annual Taxes
$49,376 ($4.54/SF)
Tax Year
2023
zoning
| Zoning Code | R7A (Zoning is R7A. Each building has additional air rights of approximately 5000 ft. of living space.) |
| R7A (Zoning is R7A. Each building has additional air rights of approximately 5000 ft. of living space.) |
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4220-4222 82nd St
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