CALL FOR OFFERS 1/30/2026 40-15 81st Street, Queens, New York is a six-story, 107 unit multi-family building comprised of two wings, each with an elevator. 100% of the Property’s units are subject to rent stabilization, however this investment has signi?cant upside. 20 of the units have discounted “preferential rents”, which can be increased to legal rent upon vacancy. 40-15 81st Street is a transit-oriented residential building on the same block as the 82 St-Jackson Heights 7 train station, providing direct service to Long Island City and Manhattan. The E, F, M and R train are also within short walking distance. Less than one block away, Elmhurst Hospital Center (or NYC Health + Hospitals/Elmhurst) is a 545-bed facility recently recognized as a “Best Regional Hospital”. The neighborhood’s storefronts are replete with a desirable mix of local businesses and national brands including Chipotle Mexican Grill, Starbucks, Chick-fil-A, Old Navy, Walgreens, CitiBank and Blink Fitness. A 160,000 SF Target-anchored commercial property opened in 2021 on the adjacent block.