2610 18th St | Long Island City, NY 11102
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- LoopNet Team
2610 18th St
Long Island City, NY 11102
Multifamily Property For Sale · 16 Units
INVESTMENT HIGHLIGHTS
- Excellent Tax Shelter with near-term Equity Appreciation Potential; Desireable Location nr Astoria Park and every form of Mass Transit
- Attractive cap rate as interest rates are expected to be reduced as a result of the Fed Reserve's plan to initiate several rate cuts;
- updated 'smart' electric meters w/circuit breakers panels in each apt & in the bsmt; 2 relatively new boilers - Gas steam heat & hot water
- Multiple income streams! All units have similar layouts consisting of 4 rooms with 2 private bedrooms ('box-styled')
- Recently paved sidewalk w/recently installed new entrance stoop and stainless steel building entrance door; recently paved rear courtyd
- Low tenant tunrove - steady income; easy to rent affordable housing units
PROPERTY FACTS
UNIT AMENITIES
- Heating
- Hardwood Floors
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $1,900 | 450 - 500 |
PROPERTY TAXES
| Parcel Number | 00901-0045 | Improvements Assessment | $664,594 |
| Land Assessment | $78,111 | Total Assessment | $742,705 |
PROPERTY TAXES
Parcel Number
00901-0045
Land Assessment
$78,111
Improvements Assessment
$664,594
Total Assessment
$742,705
ZONING
| Zoning Code | R6B (Medium density residential district) |
| R6B (Medium density residential district) |
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