94-27 43rd Avenue, Elmhurst, NY, 11373 | $1,350,000

Prime Elmhurst location! Excellent opportunity to own a 2-family home in the heart of Elmhurst, ideal for both investors and end-users seeking strong rental potential. This is a rare opportunity for an owner-occupant or investor seeking immediate rental income. The property has been extensively upgraded with quality materials by the owner, including new electrical, plumbing, and major improvements throughout the building from the basement to the roof, with added in-wall sound insulation. The first floor features 2 bedrooms and 1 full bathroom, while the second floor also offers 2 bedrooms and 1 full bathroom, providing a practical layout for comfortable living or steady rental income. The property also includes a fully finished basement with a separate entrance, offering additional space and flexibility. Situated on an R5 zoning (18' x 148') lot, this property also offers potential for future expansion or extension (buyers should verify with their architect). The home also features a spacious backyard and a rare double garage, providing valuable outdoor space and convenient parking. Conveniently located just minutes from the 7, M, and R subway lines, offering easy access to Manhattan and other parts of Queens. Close to shopping, restaurants, schools, and everyday amenities. A great opportunity to own a multi-family property with investment and development potential in one of Queens’ most desirable neighborhoods.

Features

  • Bedrooms: 4
  • Baths: 3 full
  • Style: Duplex
  • Year Built: 1940
  • Garage: 2-car
  • Heating: Baseboard
  • Cooling: Wall/Window Unit(s)
  • Basement: Finished, Full, Walk-Out Access
  • Est. Taxes: $7,791
  • Elem. School: Ps 19 Marino Jeantet
  • Middle School: Is 61 Leonardo Da Vinci
  • High School: Newtown High School
  • School District: Queens24
  • MLS#: 972243
  • Days on Market: 42 days
  • Website: https://www.raveis.com
    /eprop/972243/942743rdavenue_elmhurst_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Apple Realty Group Corp   Phone: 718-888-2965

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Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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94-27 43rd Avenue, Elmhurst, NY, 11373

$1,350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,080,000 $1,080,000 $1,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.259% 6.183%
Monthly Tax Payment $649 $649 $649
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,132 $6,562 $9,114
Total Monthly Payment $6,906 $7,336 $9,888

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.