76-17 & 76-19 47 AVENUE

Elite ListingMultifamily QueensElmhurst

$4,400,000

Price

4.6%

Cap Rate

16

Units

$204,297

NOI


Property located at 76-17 & 76-19 47 AVENUEIc expand

ARM Real Estate Group has been retained on an exclusive basis to sell 76-17 and 76-19 47th Avenue in the Elmhurst section of Queens. The asset consists of 16 box-style residential units - (6) studio units, (8) 1-bedroom units, and (2) 2-bedroom units. The properties are located near the Elmhurst Avenue subway stop with the E, F, M, R, and 7 trains. The properties were built in 1979 and benefit from Free Market status since the 421a tax abatement has already burned off.

Property Details

Block/Lot:1531/62
Lot Dimensions 57.0 x 100.0
Lot Area5,700 sq.ft
Zoning: R6B
FAR as Built:1.2
Max FAR:2.0

Exclusive Agent

Nicholas D' Angelo

ARM Real Estate Group

Contact AgentView Setup

Sales & Transactions

AddressNeighborhoodBuilding ClassSale PriceSale Date
78-22 45TH AVENUEELMHURSTC0$1,320,00007/24/2018
32-26 110TH STREETEAST ELMHURSTC0$1,155,00007/11/2018
92-11 51 AVEELMHURSTC0$1,390,00007/02/2018
41-40 DENMAN STREETELMHURSTD1$36,000,00006/21/2018
95-04 43RD AVENUEELMHURSTC3$880,00006/12/2018
86-27 57TH AVENUEELMHURSTC0$950,00005/15/2018
85-36 52ND AVENUEELMHURSTC0$800,00005/11/2018
84-06 53RD AVENUEELMHURSTC0$1,375,00005/10/2018
5412 72ND STREETELMHURSTC0$1,150,00004/30/2018
25-38 95TH STREETEAST ELMHURSTC2$1,250,00004/27/2018