2414 43 street 2414 43rd St 6 Unit Apartment Building $2,151,865 CAD ($358,644 CAD/Unit) 5.34% Cap Rate Astoria, NY 11103
INVESTMENT HIGHLIGHTS
- High Occupancy rate, High Traffic Area,
- Brick building, Income Producing property
- Next to MTA, No vacancies, Paying tenants
EXECUTIVE SUMMARY
Get yourself a structurally sound, solid brick, detached, income producing multifamily
(6 units) in the heart of Astoria, Queens, New York. Everything you need is within
walking distance such as deli’s, restaurants, laundromat’s, places of worship,
supermarkets, and much more!
This location is conveniently off I-278, 30-minute commute to Manhattan,10 minutes to
LaGuardia airport, close walk to subway station, and right across the street from
the M42 bus stop.
The building is in good condition, solid brick and the small lower portion front of the
building has a stucco finish. There are 7 new gas meters. The roof is in good condition.
Two fuel tanks are in the basement one is relatively new.
Apartment information: All apartments are in good condition, have been well
maintained and have one-year leases. There are four two(2) bedroom apartments and
two-two(bedroom) apartments.
All tenants are great and pay the rent in a timely manner with no issues.
The gross annual income is approximately $127,000, after expenses the property nets
about $82,000 a year.
(6 units) in the heart of Astoria, Queens, New York. Everything you need is within
walking distance such as deli’s, restaurants, laundromat’s, places of worship,
supermarkets, and much more!
This location is conveniently off I-278, 30-minute commute to Manhattan,10 minutes to
LaGuardia airport, close walk to subway station, and right across the street from
the M42 bus stop.
The building is in good condition, solid brick and the small lower portion front of the
building has a stucco finish. There are 7 new gas meters. The roof is in good condition.
Two fuel tanks are in the basement one is relatively new.
Apartment information: All apartments are in good condition, have been well
maintained and have one-year leases. There are four two(2) bedroom apartments and
two-two(bedroom) apartments.
All tenants are great and pay the rent in a timely manner with no issues.
The gross annual income is approximately $127,000, after expenses the property nets
about $82,000 a year.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $2,151,865 CAD |
| Price Per Unit | $358,644 CAD |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,780 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | R5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walk-Up
- Smoke Detector
1 of 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (77)
PROPERTY TAXES
| Parcel Number | 00688-0024 | Improvements Assessment | $210,260 CAD (2024) |
| Land Assessment | $4,259 CAD (2024) | Total Assessment | $214,519 CAD (2024) |
