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Multifamily

4132 76th Street

41-32 76th St, Queens, NY 11373

Listing Price: $1,975,000

Cap Rate
5.44%
Number of Units
10
Price/Unit
$197,500
Price/Gross SF
$477.75
Gross SF
4,134

Investment Overview

Marcus & Millichap is pleased to offer 4132 76th Street, located between 41st Avenue and Woodside in the Elmhurst section of Queens, New York. The subject property, 4132 76th Street, is a three-story apartment building that consists of 10 rent regulated apartments. The basement level consists of one two-bedroom apartment, Unit #10, which is accessible by a private entrance in the rear of the building, apartments 1, 2, 3 & 4 are located on the first floor, apartments 5, 6, & 7 are located on the second floor, unit 7 is accessible by a private entrance from the rear of the building and apartments 8 & 9 are located on the third floor. The property totals approximately 4,134 gross square feet, with an additional fully detached garage and sits on a 60 feet by 100 foot lot. The property is zoned R5 allowing for approximately 3,366 of available air rights (Block: 1495, Lot: 47) This property offers investors the rare opportunity to purchase an apartment building, that is minutes away from Roosevelt Avenue retail corridor in the Elmhurst section of Queens, New York.

Investment Highlights

  • Rare Prime Elmhurst Apartment Building
  • Ten Rent Regulated Apartments
  • R5 Zoning Appx. 4,380 SF of Additional Air Rights
  • Rare 60' Wide Lot, Large Separate Driveway and Garage
  • Potential to Expand Driveway for Additional Parking
  • Future Development Site with 7,500 Total Buildable SF.

Exclusively Listed By

Listing Price: $1,975,000

Cap Rate
5.44%
Number of Units
10
Price/Unit
$197,500
Price/Gross SF
$477.75
Gross SF
4,134

Investment Highlights

  • Rare Prime Elmhurst Apartment Building
  • Ten Rent Regulated Apartments
  • R5 Zoning Appx. 4,380 SF of Additional Air Rights
  • Rare 60' Wide Lot, Large Separate Driveway and Garage
  • Potential to Expand Driveway for Additional Parking
  • Future Development Site with 7,500 Total Buildable SF.

Investment Overview

Marcus & Millichap is pleased to offer 4132 76th Street, located between 41st Avenue and Woodside in the Elmhurst section of Queens, New York. The subject property, 4132 76th Street, is a three-story apartment building that consists of 10 rent regulated apartments. The basement level consists of one two-bedroom apartment, Unit #10, which is accessible by a private entrance in the rear of the building, apartments 1, 2, 3 & 4 are located on the first floor, apartments 5, 6, & 7 are located on the second floor, unit 7 is accessible by a private entrance from the rear of the building and apartments 8 & 9 are located on the third floor. The property totals approximately 4,134 gross square feet, with an additional fully detached garage and sits on a 60 feet by 100 foot lot. The property is zoned R5 allowing for approximately 3,366 of available air rights (Block: 1495, Lot: 47) This property offers investors the rare opportunity to purchase an apartment building, that is minutes away from Roosevelt Avenue retail corridor in the Elmhurst section of Queens, New York.

Exclusively Listed By

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