For sale
$1,200,000
Multifamily property
4522 40th StSunnyside, NY 11104
Listing courtesy of UNIVERSAL REALTY GROUP NY CORP · MyStateMLS #12051875
For sale
$1,780,000
4,630 SF building0.05 acre lotBuilt 1986
86 57rdElmhurst, NY 11373
Multifamily property · MLS 11994731 · Listed 20 days ago (Oct 15, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
PRIME QUEENS MULTIFAMILY INVESTMENT! An excellent opportunity to acquire a five-family income-producing property featuring seller-reported FREE-MARKET RENTAL APARTMENTS in the highly convenient Elmhurst neighborhood. This three-story residential investment property offers steady existing rental income, convenient access to transportation, shopping, restaurants, and major roadways, making it an attractive addition to any multifamily investment portfolio. PROPERTY HIGHLIGHTS Property Type: Five-Family Multifamily Building Size: Approximately 3,630 SF Lot Size: Approximately 2,200 SF Lot Dimensions: Approximately 22 x 100 Stories: 3 Asking Price: $1,800,000 Five seller-reported free-market apartments Strong existing cash flow Desirable Elmhurst rental location Ideal for multifamily investors and 1031 exchange buyers Available individually or together with adjacent six-family property ANNUAL FINANCIAL OVERVIEW Gross Rental Income: $139,416 Real Estate Taxes: $33,000 Electricity: $1,440 Water/Sewer: $2,850 Gas: $4,180 Insurance: $5,400 Total Operating Expenses: $46,870 Net Operating Income (NOI): $92,546 CAP RATE: 5.14% LOCATION, LOCATION, LOCATION! Conveniently located in the heart of Elmhurst, Queens, near: Queens Center Mall and Queens Place Mall Woodhaven Boulevard M/R subway station Grand Avenue-Newtown M/R subway station Queens Boulevard and major shopping corridors Long Island Expressway and Woodhaven Boulevard Supermarkets, restaurants, schools, parks, and neighborhood services Elmhurst continues to offer an established residential setting with excellent accessibility to Manhattan and other major Queens neighborhoods. EXCELLENT INVESTMENT POTENTIAL With seller-reported free-market rental apartments, existing rental income, and a convenient location, this property offers investors an opportunity to own a multifamily asset in New York City. DON'T MISS THIS ELMHURST INVESTMENT OPPORTUNITY! Contact us today for additional financial information, rental details, or to schedule a private showing.
Description provided by the listing brokerage.
Key facts
- Asking price
- $1,780,000
- Status
- For sale
- Property type
- MultifamilyFrom the MLS property class
- Building area
- 4,630 SFSource field LivingArea
- Land area
- 0.05 acresSource field LotSizeSquareFeet
- Year built
- 1986
- MLS number
- 11994731
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $1,780,000
- Price per SF of building
- $384/SFAsking price ÷ 4,630 SF reported building area
- Annual taxes
- $33,450
Building and site
- Stories
- 3
- Year renovated
- 2024Source field RenovationYear_C
- Reported zoning
- ResidentialAs reported by the listing. Confirm permitted uses for your plans with the local zoning authority.
- County
- Queens County
Investment figures reported in the description
- Cap rate
- 5.14% (actual or pro forma not stated)"…erating income (noi): $92,546 cap rate: 5.14% location, location, location!…"
- Net operating income
- $92,546 (actual or pro forma not stated)"…l operating expenses: $46,870 net operating income (noi): $92,546 cap rate: 5.14% location, loca…"
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Reported features
- Natural gas (from a listing field)
- Near public transit (from a listing field)
- Public water (from a listing field)
- Parking reported (from a listing field)
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Listing details
Flooring
- Hardwood
Basement
- Walk-Out Access
- Finished
Heating
- Hot Water
- Natural Gas
Construction
- Brick
Roof
- Rubber
Water
- Public (Water Source)
Sewer
- Other
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Elmhurst or multifamily property in Elmhurst.
Why this listing is on Commercial Only
- Multi-unit income property class. (PropertyTypeDetail: multi-5-plus)
How listings qualify. Something wrong? Report it.
Price and status history
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Guides
Listing courtesy of ONE STOP MULTISERVICE INC. Listing agent: Raymond Rivera. Listings provided by MyStateMLS.
Listing last modified at the source Oct 17, 2026, 5:51 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 11:01 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.