91-16 43RD Avenue, New York City, NY 11373
Listing Courtesy of Douglas Elliman Real Estate
$1,875,000
Potential Rebate: $28,125
Overview
<p> <strong>Elmhurst Investment Opportunity - 7.3 Cap Rate!</strong></p> <p>Built in 2002, this well-maintained <strong>4-story, 7-unit multifamily building with 1 commercial space</strong> offers a <strong>high-yield 7.3 cap rate</strong> in the heart of Elmhurst, Queens. Spanning <strong>6,300 SF</strong>, the <strong>25 ft x 54 ft building</strong> sits on a <strong> 25 ft x 100 ft lot</strong> and benefits from a <strong>421a tax abatement</strong>.</p> <p>Fully <strong>100% occupied</strong>, the property features <strong>separately metered electric and gas</strong>, with tenants covering their own utilities. Each unit has its own independent heating system, ensuring low low operating costs. <strong>Strong rental income and location</strong> make this an exceptional turn-key investment opportunity.</p> <p>Don't miss out on this rare find- <strong>contact us today!</strong></p>
Home Features
- •Window Unit(s)
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
Estimated Monthly Payment
$10,252 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$28,125
Monthly savings impact
$78/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20014683
Price Analysis
Compare average listing prices and value metrics for 91-16 43RD Avenue against the surrounding Elmhurst market.
Average List Price
Price Per SqFt
155.72% Higher
than the Elmhurst price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Elmhurst.
Elmhurst
A High-Energy, Diverse Urban Crossroads
Elmhurst is one of the most vibrant and diverse neighborhoods in the world. Located in central Queens, it is a bustling hub of commerce, culture, and residential density. It is an urban melting pot where historic architecture mixes with new developments, and where you can hear dozens of languages spoken on a single block.
Real Estate & Housing Market
Elmhurst offers a huge variety of housing. You will find pre-war co-ops, classic row houses, Victorian mansions, and modern luxury condos. It is a high-demand market due to its central location and transit access. Prices have risen as the neighborhood has become a prime destination for those priced out of Long Island City or Manhattan.
Lifestyle & Community
The pace of life in Elmhurst is fast. **Queens Center Mall** and **Queens Place Mall** make it a premier shopping destination. Broadway and Justice Avenue are lined with endless dining options, particularly known for authentic Southeast Asian and Chinese cuisine. It is a neighborhood that never sleeps, full of energy and entrepreneurial spirit.
Transportation & Accessibility
Elmhurst is a transit powerhouse. It is served by the **M and R trains** at Elmhurst Ave, Grand Ave, and Woodhaven Blvd. The bustling Jackson Heights-Roosevelt Ave hub (E, F, M, R, 7) is just next door. Numerous bus lines crisscross the area. It is incredibly walkable and bikeable.
Parks, Schools & Amenities
Elmhurst Park (the former gas tank site) is a beautifully designed modern green space. Moore Homestead Playground is another local favorite. The neighborhood is home to Elmhurst Hospital, a major medical center. The schools here are diverse and highly utilized.
Who This Neighborhood Is Best For
Elmhurst is best for buyers who love city energy, want incredible food diversity, and prioritize fast subway access and shopping convenience.
