4254 Judge St - Apartments FOR SALE


Elmhurst, NY 11373
$9,175,000 USD
646-502-3481
4254 Judge St, Elmhurst, NY for Sale
$9,175,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

4254 Judge St
Elmhurst, NY 11373


HIGHLIGHTS

  • • Six-story, 32,550 SF 41-unit building (92% occupied)
  • • (21) Rent-Stabilized, (19) Free-Market, (1) Rent-Controlled
  • • (5) Studios, (18) 1-BR units, (18) 2-BR units
  • • 28% preferential rent upside
  • • 1 block to Elmhurst Ave subway station, short walk to Elmhurst Hospital and Roosevelt Avenue
  • • Ideal long-term investment or 1031 exchange property

OVERVIEW

Meridian Investment Sales is pleased to present exclusively for sale, 42-54 Judge Street, a six-story 41-unit elevator serviced multifamily apartment building in Elmhurst, NY. The building is comprised of 32,550 square feet and is comprised of 41 residential units, of which 46% (19 units) are of free-market status. There is a 28% difference between the legal and preferential rent stabilized rents, presenting future upside potential upon vacancies.

FOR SALE DETAILS

PRICE

$9,175,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

41

PRICE/UNIT

$223,780

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

42-54 Judge Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,126 SF

ZONING

R7B

APN/PARCEL ID

01518-0044

ASK ABOUT THIS PROPERTY

Thomas DonovanMeridian Capital Group, LLCMore Info
646-502-3481

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Thomas DonovanMeridian Capital Group, LLCMore Info
646-502-3481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.