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East Elmhurst Apartment Buildings for Sale
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FAQs about Apartment Buildings for Sale in East Elmhurst
How many Apartment Building listings are available for sale in East Elmhurst?
Currently, there are 26 Apartment Building listings for sale near East Elmhurst, NY. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in East Elmhurst?
The average price per square foot for East Elmhurst apartment buildings for sale is about $446.
When available, the price of these buildings in East Elmhurst, NY varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in East Elmhurst, NY varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in East Elmhurst?
The average size of apartment buildings for sale in East Elmhurst, NY is approximately 8,684 SF. The largest building available is 41,221 SF and the smallest is 1,075 SF.
What is the average cap rate for Multi-family Properties in East Elmhurst?
Cap rates for apartment buildings in East Elmhurst, NY typically range between 3.81% and 9.4%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in East Elmhurst?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of East Elmhurst, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in East Elmhurst, NY.
Depending on the location within the city of East Elmhurst, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in East Elmhurst, NY.
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