205 Vespucci Avenue | 205 Vespucci Ave
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205 Vespucci Avenue 205 Vespucci Ave
4 Unit Apartment Building $2,248,834 CAD ($562,208 CAD/Unit) 5.52% Cap Rate Copiague, NY 11726
Investment Highlights
- Tenants Pay For Both Heat And Electricity. The Building Has Been Fully Renovated.
Executive Summary
Mint condition legal 4 family, all apartments fully renovated, tenants pay for both heat and electricity. Very large apartments, huge parking lot, turnkey property with rental upside. Tenants Pay For Both Heat And Electricity. The building Has Been Fully Renovated.
*See attachment for apartment rental rates and mix.
*See attachment for apartment rental rates and mix.
Property Facts
| Price | $2,248,834 CAD | Apartment Style | Garden |
| Price Per Unit | $562,208 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.52% | Building Size | 3,390 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.54/1,000 SF |
| Price | $2,248,834 CAD |
| Price Per Unit | $562,208 CAD |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,390 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2022 |
| Parking Ratio | 3.54/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,235 CAD | - |
| 3+1 | 2 | $3,586 CAD | - |
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PROPERTY TAXES
| Parcel Number | 0100-199-00-02-00-021-000 | Improvements Assessment | $5,724 CAD |
| Land Assessment | $1,403 CAD | Total Assessment | $7,126 CAD |
PROPERTY TAXES
Parcel Number
0100-199-00-02-00-021-000
Land Assessment
$1,403 CAD
Improvements Assessment
$5,724 CAD
Total Assessment
$7,126 CAD
zoning
| Zoning Code | Residential (Non-conforming pre-existing) |
| Residential (Non-conforming pre-existing) |
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Phillip Cuff - Cuff Commercial Real Estate
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205 Vespucci Avenue | 205 Vespucci Ave
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