3035 49th St 6 Unit Apartment Building $2,477,220 CAD ($412,870 CAD/Unit) 6.29% Cap Rate Astoria, NY 11103
INVESTMENT HIGHLIGHTS
- Highly desirable location
EXECUTIVE SUMMARY
Prime Location! Excellent Investment Opportunity in the Heart of Astoria. Situated in a highly sought-after area, the building is in excellent condition with recent upgrades making it a promising choice for investors seeking steady income. Recently installed features include CCTV security, new roof and solar electric system installed just three years ago, ensuring increased energy efficiency. Location is in the vibrant neighborhood of Astoria. Residents enjoy easy access to restaurants, shops, parks, and public transportation options.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$155,782
|
$29.67
|
PROPERTY FACTS
| Price | $2,477,220 CAD |
| Price Per Unit | $412,870 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,250 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R5, Queens - R5 districts allow a variety of housing at a higher density than permitted in R3-2 and R4 districts. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 of 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (98)
PROPERTY TAXES
| Parcel Number | 00740-0034 | Improvements Assessment | $223,551 CAD (2024) |
| Land Assessment | $5,150 CAD (2024) | Total Assessment | $228,701 CAD (2024) |
